Finance secretary T V Somanathan expects government’s net tax revenue and disinvestment receipts to offset extra subsidy outgo in 2022-23, reported Financial Express. According to him, extra outgo on fertiliser subsidy could be around Rs.1 trillion and that on food subsidy, about Rs.800 billion over the budget estimate (BE) in 2022-23. Somanathan believes that the additional outgo could be offset by the Centre’s net tax revenues, which are likely to be Rs 1.7 trillion higher than the BE of Rs.19.4 trillion coupled with proceeds of about Rs.205.6 billion from the Life Insurance Corporation (LIC) initial public offering (IPO). The additional inflow from the LIC IPO were not factored in the budget for the current fiscal year.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
|
7.3 | +0.4 |
Consumer Sentiments Index Base September-December 2015 |
|
69.7 | -0.3 |
Consumer Expectations Index Base September-December 2015 |
|
69.4 | -0.4 |
Current Economic Conditions Index Base September-December 2015 |
|
70.1 | 0.0 |
Updated on : 17 May 2022 12:00AM |
(Rs.trillion) | Jun 21 | Sep 21 | Dec 21 | Mar 22 |
---|---|---|---|---|
New projects | 2.89 | 3.14 | 3.47 | 4.92 |
Completed projects | 0.73 | 1.28 | 2.76 | 1.05 |
Stalled projects | 0.33 | 0.28 | 0.06 | 0.29 |
Revived projects | 1.14 | 0.39 | 2.06 | 0.28 |
Implementation stalled projects | 0.64 | 0.25 | 0.65 | 0.07 |
Updated on: 18 May 2022 8:28PM |
(% change) | Jun 21 | Sep 21 | Dec 21 | Mar 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 42.2 | 27.5 | 23.5 | 21.8 |
Expenses | 41.9 | 26.7 | 21.7 | 20.0 |
Net profit | 139.6 | 55.1 | 31.9 | 38.4 |
PAT margin (%) | 9.0 | 9.6 | 9.0 | 10.3 |
Count of Cos. | 4,558 | 4,678 | 4,690 | 1,063 |
Non-financial Companies | ||||
Income | 61.0 | 35.7 | 29.3 | 29.1 |
Expenses | 62.6 | 36.0 | 29.1 | 29.7 |
Net profit | 192.7 | 59.7 | 18.4 | 18.1 |
PAT margin (%) | 8.4 | 8.8 | 7.5 | 9.1 |
Net fixed assets | 4.9 | -0.8 | ||
Current assets | 10.8 | 18.4 | ||
Current liabilities | 0.8 | 10.4 | ||
Borrowings | 12.1 | 7.9 | ||
Reserves & surplus | 12.4 | 10.0 | ||
Count of Cos. | 3,332 | 3,383 | 3,402 | 760 |
Numbers are net of P&E | ||||
Updated on: 18 May 2022 8:28PM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.5 | -0.9 | 16.1 |
Expenses | 0.3 | -3.3 | 16.7 |
Net profit | -4.9 | 72.5 | 24.3 |
PAT margin (%) | 2.0 | 4.5 | 12.3 |
Assets | 8.9 | 9.6 | 3.3 |
Net worth | 4.6 | 11.5 | 5.2 |
RONW (%) | 3.4 | 7.0 | 12.4 |
Count of Cos. | 32,202 | 29,546 | 46 |
Non-financial Companies | |||
Income | -1.3 | -2.0 | 16.2 |
Expenses | -1.0 | -4.1 | 17.4 |
Net profit | -20.8 | 63.1 | 20.8 |
PAT margin (%) | 2.2 | 4.2 | 11.1 |
Net fixed assets | 11.2 | 1.3 | 8.5 |
Net worth | 2.2 | 10.4 | 8.3 |
RONW (%) | 4.7 | 8.0 | 15.8 |
Debt / Equity (times) | 1.2 | 1.0 | 0.1 |
Interest cover (times) | 1.9 | 2.5 | 26.6 |
Net working capital cycle (days) | 81 | 84 | 38 |
Count of Cos. | 25,551 | 23,301 | 36 |
Numbers are net of P&E | |||
Updated on: 12 May 2022 7:22AM |