Govt spends more than Rs.71 bln on existing agri-market schemes till mid-Dec'17

Highest in past 6 years

by Arjit Singh Bhambra

The government’s expenditure on the existing agricultural market schemes has touched the highest ever in the past six years to Rs.71 billion till mid December 2017, as per a report in Business Standard. During the current financial year, the government spent around Rs.13.9 billion to procure over 920,000 tonnes of onions, potatoes, red chillies, and garlic under the market intervention scheme (MIS). Similarly, Rs.57.4 billion were incurred as expenditure for procurement of around 700,000 tonnes of oilseeds and 500,000 tonnes of pulses under the price support scheme (PSS). Both these schemes assist the states to procure agricultural commodities in case of fall in prices. Besides, the government is also contemplating on the introduction of a new market assurance scheme, which aims to provide more freedom to state governments to intervene in agricultural markets.

References
1. http://smartinvestor.business-standard.com/market/story-504830-storydet-Spend_on_agri_schemes_highest_in_6_years.htm#.WksSgFR95FQ
CMIE STATISTICS
Unemployment Rate
Per cent
5.5 +0.0
Consumer Sentiments Index
Base September-December 2015
95.6 +0.2
Consumer Expectations Index
Base September-December 2015
96.0 +0.3
Current Economic Conditions Index
Base September-December 2015
95.0 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 17 Dec 17 Mar 18 Jun 18
New projects 1.25 1.49 3.42 2.27
Completed projects 1.25 1.16 1.43 0.82
Stalled projects 0.69 0.88 3.41 0.30
Revived projects 0.34 0.22 0.26 0.22
Implementation stalled projects 0.78 0.71 1.92 0.03
Updated on: 20 Jul 2018 12:20PM
Quarterly Financials of Listed Companies
(% change) Sep 17 Dec 17 Mar 18 Jun 18
All listed Companies
 Income 7.9 12.0 10.1 20.1
 Expenses 9.0 13.0 16.8 22.5
 Net profit -18.0 -14.3 -82.0 11.0
 PAT margin (%) 5.5 4.8 1.2 15.0
 Count of Cos. 4,502 4,493 4,286 96
Non-financial Companies
 Income 8.2 13.3 11.5 19.7
 Expenses 8.1 12.3 12.4 23.2
 Net profit -6.1 13.2 -2.6 6.6
 PAT margin (%) 6.2 6.4 6.5 14.9
 Net fixed assets 9.2 11.9
 Current assets 2.9 8.0
 Current liabilities 11.0 10.3
 Borrowings 3.4 1.8
 Reserves & surplus 7.9 7.8
 Count of Cos. 3,460 3,464 3,318 70
Numbers are net of P&E
Updated on: 20 Jul 2018 12:21PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.8 5.9 11.6
 Expenses 5.7 1.9 5.9 16.1
 Net profit 0.1 -9.7 25.3 -43.1
 PAT margin (%) 3.0 2.8 3.4 4.3
 Assets 9.5 10.2 7.4 14.3
 Net worth 8.5 11.3 7.6 13.7
 RONW (%) 5.8 4.9 5.8 5.3
 Count of Cos. 26,129 24,412 21,971 368
Non-financial Companies
 Income 4.9 1.0 5.7 9.9
 Expenses 5.0 0.3 6.1 9.2
 Net profit -8.6 19.9 20.2 8.9
 PAT margin (%) 2.0 2.4 3.0 12.1
 Net fixed assets 13.3 17.8 6.6 55.5
 Net worth 7.0 12.1 6.5 10.3
 RONW (%) 4.6 5.1 5.9 15.0
 Debt / Equity (times) 1.1 1.1 1.0 0.3
 Interest cover (times) 1.9 1.9 2.1 8.8
 Net working capital cycle (days) 66 65 62 7
 Count of Cos. 21,306 20,431 18,292 255
Numbers are net of P&E
Updated on: 20 Jul 2018 4:05PM