Centre revises borrowing calendar for H2FY21

by Nidhi Bhati

The central government has modified its borrowing calendar for the second half of current financial year to operationalise a special borrowing window meant for states to bridge their Goods and Services Tax (GST) revenue gap of Rs.1.1 trillion. With this revision, the total borrowing for the Centre for 2020-21 now stands at Rs.13.1 trillion as compared to Rs.12 trillion estimated earlier. For the second half, the government will now raise Rs.5.4 trillion in 22 weeks as against Rs.4.3 trillion planned earlier. Of this, Rs.560 billion has already been mobilised by the government. The Centre will raise the remaining Rs.4.9 trillion during the period 19 October 2020 to 31 March 2021. The additional amount for meeting the GST compensation shortfall shall be raised equally at the rate of Rs.550 billion under the three year and five year tenors.

References
1. https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=50521
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
6.9 +1.5
Consumer Sentiments Index
Base September-December 2015
50.7 +0.4
Consumer Expectations Index
Base September-December 2015
52.8 +0.6
Current Economic Conditions Index
Base September-December 2015
47.5 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Dec 19 Mar 20 Jun 20 Sep 20
New projects 5.55 3.95 0.71 0.68
Completed projects 1.66 1.75 0.24 0.64
Stalled projects 0.61 0.77 0.11 0.08
Revived projects 0.83 0.42 0.68 0.34
Implementation stalled projects 0.13 9.78 0.09 0.03
Updated on: 23 Oct 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Dec 19 Mar 20 Jun 20 Sep 20
All listed Companies
 Income -1.7 -4.9 -27.9 3.3
 Expenses -2.2 -1.9 -28.3 1.1
 Net profit -10.8 -47.3 -38.7 8.8
 PAT margin (%) 5.1 2.4 5.4 15.7
 Count of Cos. 4,435 4,273 4,184 213
Non-financial Companies
 Income -5.5 -8.9 -38.0 0.6
 Expenses -6.4 -4.9 -38.2 -3.4
 Net profit -13.9 -48.3 -57.1 13.9
 PAT margin (%) 5.7 3.4 4.4 16.8
 Net fixed assets 13.3 19.8
 Current assets 3.0 3.5
 Current liabilities 4.9 1.5
 Borrowings 14.7 2.8
 Reserves & surplus 2.1 14.4
 Count of Cos. 3,311 3,221 3,153 160
Numbers are net of P&E
Updated on: 23 Oct 2020 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.3 0.6
 Expenses 9.9 13.5 1.2
 Net profit -40.4 22.3 -19.0
 PAT margin (%) 2.0 2.4 4.4
 Assets 10.9 9.3 9.4
 Net worth 7.5 8.6 5.0
 RONW (%) 3.5 4.3 6.1
 Count of Cos. 27,922 27,039 4,480
Non-financial Companies
 Income 8.6 13.8 -2.8
 Expenses 8.8 14.0 -1.6
 Net profit -9.0 23.5 -28.4
 PAT margin (%) 2.7 3.2 4.7
 Net fixed assets 7.2 5.4 13.8
 Net worth 6.1 8.5 1.9
 RONW (%) 5.7 6.9 7.6
 Debt / Equity (times) 1.0 0.9 0.7
 Interest cover (times) 2.1 2.4 2.9
 Net working capital cycle (days) 77 70 56
 Count of Cos. 22,629 21,863 3,354
Numbers are net of P&E
Updated on: 20 Oct 2020 9:02AM