No base import tax on crude vegetable oils till March 2022

All import duties on crude varieties of palm oil, soyabean oil and sunflower oil have been scrapped till March 2022, the Central Bureau of Indirect Taxes and Customs (CBIC) stated in a notification. In addition, the basic customs duty on refined varieties of sunflower, soyabean, palmolein and palm oil has been slashed to 17.5 per cent each from 32.5 per cent at present. The duty cuts will be effective from 14 October 2021 and will remain in force till 31 March 2022. The CBIC has also reduced Agriculture Infrastructure and Development Cess (AIDC) on crude palm oil imports to 7.5 per cent from 20 per cent, while AIDC on crude soyoil and crude sunflower oil has been slashed from 20 per cent to five per cent. The move will help cool prices and increase domestic availability in the festive season.

References
1. https://economictimes.indiatimes.com/news/economy/foreign-trade/govt-scraps-basic-customs-duty-cuts-agri-cess-on-crude-palm-soyabean-and-sunflower-oil/articleshow/86991648.cms
2. https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs48-2021.pdf;jsessionid=F77E88C9743839CC0755A9677D30F02F
3. https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs49-2021.pdf;jsessionid=47630422F015BCF16C6AB9163259A8C3
CMIE STATISTICS
Unemployment Rate (30-DAY MVG. AVG.)
Per cent
7.5 -0.3
Consumer Sentiments Index
Base September-December 2015
58.0 0.0
Consumer Expectations Index
Base September-December 2015
60.6 +0.5
Current Economic Conditions Index
Base September-December 2015
53.9 -0.8
Quarterly CapEx Aggregates
(Rs.trillion) Dec 20 Mar 21 Jun 21 Sep 21
New projects 1.50 2.20 2.55 1.10
Completed projects 0.87 1.17 0.73 0.92
Stalled projects 0.30 0.26 0.32 0.03
Revived projects 0.15 0.22 0.12 0.19
Implementation stalled projects 0.20 0.32 0.25 0.22
Updated on: 21 Oct 2021 3:28PM
Quarterly Financials of Listed Companies
(% change) Dec 20 Mar 21 Jun 21 Sep 21
All listed Companies
 Income 1.6 14.9 42.0 18.3
 Expenses 0.1 7.3 42.2 18.2
 Net profit 58.3 326.2 125.3 28.0
 PAT margin (%) 8.4 8.9 9.0 17.1
 Count of Cos. 4,451 4,364 4,348 178
Non-financial Companies
 Income 0.1 17.4 60.7 21.8
 Expenses -0.7 10.5 62.8 23.2
 Net profit 52.4 221.6 179.7 27.0
 PAT margin (%) 8.8 9.1 8.4 16.3
 Net fixed assets 2.3 7.4
 Current assets 4.4 13.2
 Current liabilities 0.8 17.4
 Borrowings -4.3 3.0
 Reserves & surplus 11.9 4.2
 Count of Cos. 3,299 3,252 3,251 130
Numbers are net of P&E
Updated on: 21 Oct 2021 3:28PM
Annual Financials of All Companies
(% change) FY19 FY20 FY21
All Companies
 Income 13.3 0.2 -1.7
 Expenses 13.6 0.2 -4.3
 Net profit 15.2 -10.4 50.0
 PAT margin (%) 2.1 2.1 7.3
 Assets 9.8 8.5 12.9
 Net worth 8.5 4.5 13.7
 RONW (%) 3.8 3.5 9.0
 Count of Cos. 32,100 31,012 5,853
Non-financial Companies
 Income 14.0 -1.7 -4.1
 Expenses 14.2 -1.4 -6.2
 Net profit 21.2 -21.2 37.6
 PAT margin (%) 2.9 2.3 6.8
 Net fixed assets 5.6 10.0 2.6
 Net worth 7.9 2.1 11.6
 RONW (%) 6.4 4.9 9.9
 Debt / Equity (times) 1.0 1.1 0.7
 Interest cover (times) 2.3 1.9 3.7
 Net working capital cycle (days) 74 81 70
 Count of Cos. 25,659 24,739 4,261
Numbers are net of P&E
Updated on: 19 Oct 2021 1:55PM