The Ministry of Labour & Employment is planning to revamp Employees’ Pension Scheme, 1995 (EPS-95), a senior government official told Economic Times. The move is aimed at bringing EPS-95 at par with the National Pension Scheme (NPS) to enhance the retirement options and allow EPS subscribers to make higher contributions. The official stated that various changes are being considered to make the scheme comprehensive including opening the EPS to all individuals while enhancing the minimum pension to Rs.3,000 based on the contribution by individuals. At present, all Employees’ Provident Fund Organisation (EPFO) subscribers are enrolled under EPS with contributions to the pension account capped at the wage of Rs.15,000. The changes, however, will be brought in after the implementation of the Social Security Code, 2020.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
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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 |