The Goods and Services Tax (GST) fitment committee has proposed raising multiple tax slabs under the regime. It has reportedly proposed raising the five per cent tax slab to seven per cent and the 18 per cent slab to 20 per cent. There are about 40 items which are being considered for rate hike. The committee has also proposed increasing GST on precious metals like gold and silver from three per cent to five per cent. A Group of Ministers (GoM), headed by Karnataka chief minister Basavaraj Bommai, is scheduled to meet on 27 November 2021 to discuss these measures with an eye to simplify and rationalise the GST slabs.
Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.4 | +0.5 |
Consumer Sentiments Index Base September-December 2015 |
|
73.4 | +0.2 |
Consumer Expectations Index Base September-December 2015 |
|
72.0 | 0.0 |
Current Economic Conditions Index Base September-December 2015 |
|
75.6 | +0.6 |
Updated on : 07 Aug 2022 12:00AM |
(Rs.trillion) | Sep 21 | Dec 21 | Mar 22 | Jun 22 |
---|---|---|---|---|
New projects | 3.34 | 3.91 | 7.76 | 3.79 |
Completed projects | 1.28 | 2.76 | 1.25 | 1.05 |
Stalled projects | 0.28 | 0.08 | 0.28 | 0.25 |
Revived projects | 0.39 | 1.98 | 0.28 | 0.28 |
Implementation stalled projects | 0.26 | 0.65 | 0.09 | 0.08 |
Updated on: 08 Aug 2022 8:28PM |
(% change) | Sep 21 | Dec 21 | Mar 22 | Jun 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 27.5 | 23.4 | 20.9 | 39.6 |
Expenses | 26.7 | 21.3 | 19.8 | 42.5 |
Net profit | 55.8 | 35.4 | 32.1 | 9.4 |
PAT margin (%) | 9.6 | 9.0 | 9.1 | 7.1 |
Count of Cos. | 4,695 | 4,739 | 4,575 | 1,430 |
Non-financial Companies | ||||
Income | 35.6 | 29.1 | 24.9 | 51.9 |
Expenses | 35.9 | 28.7 | 25.6 | 57.5 |
Net profit | 59.4 | 19.1 | 12.5 | -9.5 |
PAT margin (%) | 8.8 | 7.5 | 7.9 | 5.4 |
Net fixed assets | 4.9 | 2.2 | ||
Current assets | 10.9 | 15.2 | ||
Current liabilities | 0.8 | 11.7 | ||
Borrowings | 12.2 | 3.6 | ||
Reserves & surplus | 12.4 | 11.5 | ||
Count of Cos. | 3,382 | 3,424 | 3,317 | 1,041 |
Numbers are net of P&E | ||||
Updated on: 08 Aug 2022 8:28PM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -0.9 | 18.9 |
Expenses | 0.4 | -3.2 | 16.4 |
Net profit | -5.8 | 73.4 | 62.3 |
PAT margin (%) | 2.0 | 4.4 | 10.9 |
Assets | 9.0 | 9.9 | 10.1 |
Net worth | 4.8 | 11.7 | 12.6 |
RONW (%) | 3.4 | 6.9 | 13.4 |
Count of Cos. | 32,607 | 30,609 | 2,075 |
Non-financial Companies | |||
Income | -1.1 | -2.0 | 27.5 |
Expenses | -0.9 | -4.0 | 26.3 |
Net profit | -22.1 | 64.4 | 58.8 |
PAT margin (%) | 2.2 | 4.1 | 11.0 |
Net fixed assets | 11.2 | 2.2 | 3.3 |
Net worth | 2.1 | 10.7 | 13.1 |
RONW (%) | 4.6 | 7.8 | 17.5 |
Debt / Equity (times) | 1.2 | 1.0 | 0.5 |
Interest cover (times) | 1.9 | 2.4 | 6.9 |
Net working capital cycle (days) | 82 | 86 | 44 |
Count of Cos. | 25,804 | 24,027 | 1,526 |
Numbers are net of P&E | |||
Updated on: 05 Aug 2022 10:42AM |