Offer DBT to farm sector; remove MSP: Economic Survey

Stock limits on traders curtail demand and prices

by Manasi Swamy

The government should abolish stock limits imposed under the Essential Commodities Act, 1955, as these curtail demand and prices and also lift all restrictions on permits or licensing requirements for the farm sector, according to the mid-year Economic Survey released yesterday. The survey suggests that to make farming remunerative, delivery of inputs should be made cost effective through direct benefit transfer mode (DBT) instead of offering minimum support prices (MSPs) for crops other than wheat and rice.

References
1. http://indiabudget.gov.in/es2016-17/echapter_vol2.pdf
2. http://economictimes.indiatimes.com/news/economy/agriculture/undoing-stock-limits-dbt-more-important-than-msp-economic-survey/articleshow/60027591.cms
CMIE STATISTICS
Unemployment Rate
Per cent
3.6 -0.1
Consumer Sentiments Index
Base September-December 2015
95.8 -0.2
Consumer Expectations Index
Base September-December 2015
96.8 0.0
Current Economic Conditions Index
Base September-December 2015
94.1 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.37 1.46 2.92 1.64
Completed projects 2.23 0.94 1.81 1.10
Stalled projects 0.65 1.01 0.35 2.45
Revived projects 0.91 0.17 0.62 0.29
Implementation stalled projects 0.37 0.81 0.33 0.64
Updated on: 17 Aug 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 10.2
 Expenses 1.9 6.4 11.9 10.2
 Net profit 14.6 40.3 17.9 -16.1
 PAT margin (%) 6.9 6.1 6.1 6.0
 Count of Cos. 4,495 4,496 4,398 2,707
Non-financial Companies
 Income 0.6 6.0 11.8 10.8
 Expenses -0.2 7.3 15.5 10.7
 Net profit 26.6 24.6 -1.1 -20.6
 PAT margin (%) 6.9 6.2 6.3 6.1
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.2
 Current liabilities 11.6 8.6
 Borrowings 3.1 4.9
 Reserves & surplus 8.4 6.5
 Count of Cos. 3,481 3,486 3,419 1,975
Numbers are net of P&E
Updated on: 17 Aug 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 10.0 4.9 1.0
 Expenses 12.8 9.8 5.0 1.2
 Net profit 0.9 -2.3 1.3 -15.2
 PAT margin (%) 3.5 3.2 3.2 3.0
 Assets 14.3 12.3 9.3 8.8
 Net worth 9.6 9.6 8.8 7.6
 RONW (%) 6.8 6.2 6.1 5.3
 Count of Cos. 25,384 22,944 22,236 18,452
Non-financial Companies
 Income 11.9 9.7 4.1 0.0
 Expenses 12.2 9.3 4.2 -0.6
 Net profit -8.6 -2.6 -6.1 6.3
 PAT margin (%) 2.4 2.2 2.2 2.7
 Net fixed assets 12.9 11.6 13.0 13.9
 Net worth 7.8 8.6 7.4 6.9
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 2.0 1.9 2.0
 Net working capital cycle (days) 72 69 67 67
 Count of Cos. 19,804 18,286 17,814 15,125
Numbers are net of P&E
Updated on: 04 Aug 2017 3:37PM

Time-series available since 1992-93