PFRDA recommends several changes for Atal Pension Yojana

Suggests to hike pension limit to Rs.10,000 per month

by Nidhi Bhati

With an aim to increase subscriber base under Atal Pension Yojana (APY), the pension fund regulatory & development authority (PFRDA) has recommended several changes to the scheme. The PFRDA has suggested to raise the pension limit under APY to up to Rs.10,000 per month from the existing slab of up to Rs.5,000 per month. Additionally, the authority has recommended for auto enrollment under APY and raising the maximum age bar to enter the scheme to up to 50 years from 40 years at present. PFRDA added about five million new subscribers under the scheme in 2017-18. The authority expects to add another six to seven million in 2018-19, according to PFRDA chairman Hemant G Contractor.

References
1. https://www.thehindubusinessline.com/economy/atal-pension-plan-prfda-looks-to-enrol-60-70-lakh-new-subscribers-this-fiscal/article24146479.ece
CMIE STATISTICS
Unemployment Rate
Per cent
6.2 -0.0
Consumer Sentiments Index
Base September-December 2015
102.0 +0.6
Consumer Expectations Index
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Current Economic Conditions Index
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Quarterly CapeEx Aggregates
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New projects 1.31 1.51 3.41 2.32
Completed projects 1.26 1.16 1.57 0.91
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Implementation stalled projects 0.78 0.71 1.92 0.04
Updated on: 19 Aug 2018 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 17 Dec 17 Mar 18 Jun 18
All listed Companies
 Income 7.9 12.0 9.7 16.3
 Expenses 9.0 13.0 16.2 19.4
 Net profit -18.0 -14.3 -80.1 3.7
 PAT margin (%) 5.5 4.8 1.2 5.5
 Count of Cos. 4,508 4,503 4,360 4,026
Non-financial Companies
 Income 8.2 13.3 11.1 18.5
 Expenses 8.2 12.4 11.7 20.3
 Net profit -6.0 13.2 1.8 33.5
 PAT margin (%) 6.2 6.4 6.6 7.2
 Net fixed assets 9.2 11.8
 Current assets 2.9 7.2
 Current liabilities 11.0 10.4
 Borrowings 3.4 1.9
 Reserves & surplus 7.9 7.2
 Count of Cos. 3,464 3,471 3,372 3,173
Numbers are net of P&E
Updated on: 19 Aug 2018 8:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.9 6.0 10.3
 Expenses 5.7 2.0 6.0 12.3
 Net profit 0.0 -9.7 25.0 -29.9
 PAT margin (%) 3.0 2.8 3.4 4.4
 Assets 9.5 10.2 7.6 13.2
 Net worth 8.5 11.3 7.9 12.8
 RONW (%) 5.8 4.9 5.8 6.8
 Count of Cos. 26,186 24,491 22,087 922
Non-financial Companies
 Income 4.9 1.1 5.8 9.7
 Expenses 5.1 0.5 6.1 8.6
 Net profit -9.4 19.9 19.8 6.0
 PAT margin (%) 2.0 2.4 2.9 7.7
 Net fixed assets 13.3 22.1 7.3 23.5
 Net worth 7.0 12.0 7.0 10.5
 RONW (%) 4.6 5.1 5.9 13.8
 Debt / Equity (times) 1.1 1.1 1.0 0.4
 Interest cover (times) 1.9 1.9 2.1 6.5
 Net working capital cycle (days) 66 65 62 28
 Count of Cos. 21,360 20,505 18,408 712
Numbers are net of P&E
Updated on: 19 Aug 2018 12:26PM