Govt extends tax benefits to 67 start-ups so far

3,576 ventures recognised as start-ups till 7 September 2017

by Natasha Nadkar

The Centre has extended tax benefits to 67 start-ups with a view to promote budding entrepreneurs, according to the minister of state for commerce & industry CR Chaudhary. He further said that around 3,576 ventures have been recognised as start-ups as on 7 September 2017. The department of industrial policy & promotion (DIPP) secretary Ramesh Abhishek stated that 15 states have formulated their start-up policies. Funds worth Rs.15.9 billion have been provided to start-ups while intellectual property related benefits have been extended to 639 start-ups, as per the DIPP secretary. The DIPP is expected to soon move a cabinet note on the Rs.20 billion credit guarantee fund [see here].

References
1. http://www.thehindubusinessline.com/economy/policy/67-startups-have-received-tax-benefits-minister/article9856095.ece
CMIE STATISTICS
Unemployment Rate
Per cent
5.8 -0.0
Consumer Sentiments Index
Base September-December 2015
92.6 +0.2
Consumer Expectations Index
Base September-December 2015
91.9 +0.3
Current Economic Conditions Index
Base September-December 2015
93.7 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Mar 17 Jun 17 Sep 17 Dec 17
New projects 4.06 2.14 1.22 1.12
Completed projects 1.96 0.86 1.05 0.92
Stalled projects 0.74 2.67 0.67 0.93
Revived projects 0.86 0.30 0.29 0.23
Implementation stalled projects 0.33 0.69 0.73 0.58
Updated on: 23 Feb 2018 9:20AM
Quarterly Financials of Listed Companies
(% change) Mar 17 Jun 17 Sep 17 Dec 17
All listed Companies
 Income 10.2 9.7 7.9 11.9
 Expenses 11.9 10.0 9.0 12.9
 Net profit 16.4 -19.7 -16.8 -12.3
 PAT margin (%) 6.0 5.3 5.7 5.0
 Count of Cos. 4,472 4,460 4,439 4,279
Non-financial Companies
 Income 11.8 10.3 7.7 12.7
 Expenses 15.6 10.6 7.5 11.8
 Net profit -2.2 -25.2 -4.2 13.3
 PAT margin (%) 6.1 5.2 6.4 6.6
 Net fixed assets 6.9 9.2
 Current assets 2.7 78.8
 Current liabilities 8.9 11.0
 Borrowings 4.9 10.5
 Reserves & surplus 6.1 5.2
 Count of Cos. 3,455 3,444 3,418 3,326
Numbers are net of P&E
Updated on: 23 Feb 2018 9:20AM
Annual Financials of All Companies
(% change) FY14 FY15 FY16 FY17
All Companies
 Income 10.0 5.4 1.5 6.8
 Expenses 9.9 5.5 1.7 7.1
 Net profit -2.5 0.3 -12.9 22.1
 PAT margin (%) 3.1 3.1 2.8 5.3
 Assets 12.3 9.5 10.1 8.3
 Net worth 9.7 8.5 11.7 7.4
 RONW (%) 6.1 5.9 4.9 7.9
 Count of Cos. 24,633 24,657 22,529 10,919
Non-financial Companies
 Income 9.7 4.6 0.6 6.7
 Expenses 9.4 4.8 0.0 7.6
 Net profit -3.1 -8.1 13.2 15.9
 PAT margin (%) 2.2 2.0 2.5 4.9
 Net fixed assets 11.7 13.3 17.4 7.2
 Net worth 8.3 6.9 12.4 5.4
 RONW (%) 5.0 4.7 5.1 8.5
 Debt / Equity (times) 1.1 1.1 1.0 0.8
 Interest cover (times) 2.0 1.9 1.9 2.7
 Net working capital cycle (days) 69 67 65 52
 Count of Cos. 19,858 20,066 18,861 8,566
Numbers are net of P&E
Updated on: 21 Feb 2018 10:31AM

Data added for HPI at Assessment prices and HPI at Market prices