Cabinet extends scheme for duty incentives on apparel, made-up exports

Extended from 1 April 2020 onward

by Natasha Nadkar

The Union Cabinet has approved extension of scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-Ups from 1 April 2020 onward till the scheme is merged with Remission of Duties and Taxes on Exported Products, according to Information and Broadcasting Minister Prakash Javadekar.

References
1. https://economictimes.indiatimes.com/news/economy/policy/cabinet-extends-scheme-for-duty-incentives-on-apparel-made-up-exports/articleshow/74810287.cms
2. https://pib.gov.in/PressReleseDetail.aspx?PRID=1608089
CMIE STATISTICS
Unemployment Rate
Per cent
11.9 +0.3
Consumer Sentiments Index
Base September-December 2015
81.3 -1.8
Consumer Expectations Index
Base September-December 2015
82.3 -1.7
Current Economic Conditions Index
Base September-December 2015
83.7 -1.6
Quarterly CapEx Aggregates
(Rs.trillion) Jun 19 Sep 19 Dec 19 Mar 20
New projects 1.10 2.06 4.97 2.94
Completed projects 0.88 0.83 1.64 0.77
Stalled projects 0.13 0.41 0.60 0.49
Revived projects 0.29 0.52 0.83 0.41
Implementation stalled projects 0.98 0.85 0.15 1.24
Updated on: 10 Apr 2020 9:28AM
Quarterly Financials of Listed Companies
(% change) Mar 19 Jun 19 Sep 19 Dec 19
All listed Companies
 Income 8.5 4.7 -2.2 -1.7
 Expenses 5.4 2.7 -3.1 -2.2
 Net profit 213.1 17.4 -2.3 -10.3
 PAT margin (%) 3.6 6.2 5.3 5.2
 Count of Cos. 4,437 4,452 4,411 4,356
Non-financial Companies
 Income 8.0 2.4 -6.4 -5.4
 Expenses 7.7 1.7 -6.7 -6.3
 Net profit 1.6 -8.5 -14.9 -13.1
 PAT margin (%) 6.2 6.3 5.8 5.8
 Net fixed assets 5.6 10.4
 Current assets 13.2 4.6
 Current liabilities 7.3 4.8
 Borrowings 12.3 8.4
 Reserves & surplus 7.2 5.9
 Count of Cos. 3,322 3,339 3,314 3,267
Numbers are net of P&E
Updated on: 10 Apr 2020 9:28AM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 8.1 14.9
 Expenses 6.1 9.5 15.3
 Net profit 26.4 -40.2 20.5
 PAT margin (%) 3.3 2.1 3.2
 Assets 8.6 10.9 9.7
 Net worth 9.6 7.6 8.7
 RONW (%) 5.8 3.5 5.3
 Count of Cos. 27,650 25,093 15,291
Non-financial Companies
 Income 5.8 8.2 15.7
 Expenses 6.0 8.4 16.1
 Net profit 23.2 -9.1 19.5
 PAT margin (%) 2.9 2.8 4.1
 Net fixed assets 9.2 6.9 5.1
 Net worth 8.9 6.1 7.7
 RONW (%) 6.2 5.7 8.2
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 2.8
 Net working capital cycle (days) 84 76 55
 Count of Cos. 22,609 20,449 11,909
Numbers are net of P&E
Updated on: 05 Apr 2020 5:13PM