Reserve Bank of India (officials) have reiterated their views against cryptocurrencies stating that cryptos can cause dollarisation of Indian economy, which would be against India’s sovereign interest. Briefing the Parliamentary Standing Committee on Finance on cryptocurrencies, the officials explained that cryptocurrencies are dollar-denominated and are issued by foreign private entities which could lead to dollarisation. Cryptocurrencies have the potential to become a medium of exchange and replace the rupee in financial transactions both domestic and cross-border, thereby replacing a part of the Indian monetary system and undermine the RBI’s capacity to determine monetary policy, they added.
References | ||
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Unemployment Rate (30-DAY MVG. AVG.) Per cent |
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8.0 | +0.5 |
Consumer Sentiments Index Base September-December 2015 |
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68.6 | +0.3 |
Consumer Expectations Index Base September-December 2015 |
|
67.6 | 0.0 |
Current Economic Conditions Index Base September-December 2015 |
|
70.1 | +0.7 |
Updated on : 25 Jun 2022 12:00AM |
(Rs.trillion) | Jun 21 | Sep 21 | Dec 21 | Mar 22 |
---|---|---|---|---|
New projects | 2.94 | 3.26 | 3.53 | 5.91 |
Completed projects | 0.71 | 1.28 | 2.76 | 1.18 |
Stalled projects | 0.33 | 0.28 | 0.06 | 0.30 |
Revived projects | 1.14 | 0.39 | 2.07 | 0.28 |
Implementation stalled projects | 0.64 | 0.26 | 0.65 | 0.07 |
Updated on: 26 Jun 2022 3:28PM |
(% change) | Jun 21 | Sep 21 | Dec 21 | Mar 22 |
---|---|---|---|---|
All listed Companies | ||||
Income | 42.3 | 27.5 | 23.4 | 21.6 |
Expenses | 41.8 | 26.7 | 21.3 | 20.5 |
Net profit | 140.6 | 55.3 | 35.4 | 32.8 |
PAT margin (%) | 8.9 | 9.6 | 9.0 | 9.1 |
Count of Cos. | 4,564 | 4,690 | 4,733 | 4,508 |
Non-financial Companies | ||||
Income | 61.1 | 35.7 | 29.1 | 25.9 |
Expenses | 62.4 | 36.0 | 28.8 | 26.6 |
Net profit | 195.2 | 59.5 | 19.0 | 12.9 |
PAT margin (%) | 8.4 | 8.8 | 7.5 | 7.9 |
Net fixed assets | 4.9 | 2.2 | ||
Current assets | 10.8 | 15.3 | ||
Current liabilities | 0.8 | 11.7 | ||
Borrowings | 12.1 | 3.7 | ||
Reserves & surplus | 12.4 | 11.5 | ||
Count of Cos. | 3,336 | 3,387 | 3,428 | 3,280 |
Numbers are net of P&E | ||||
Updated on: 26 Jun 2022 3:28PM |
(% change) | FY20 | FY21 | FY22 |
---|---|---|---|
All Companies | |||
Income | 0.6 | -1.1 | 13.6 |
Expenses | 0.4 | -3.4 | 10.5 |
Net profit | -4.4 | 72.2 | 58.0 |
PAT margin (%) | 2.0 | 4.5 | 10.9 |
Assets | 9.0 | 9.7 | 9.3 |
Net worth | 4.8 | 11.7 | 9.9 |
RONW (%) | 3.4 | 6.9 | 13.5 |
Count of Cos. | 32,455 | 29,998 | 539 |
Non-financial Companies | |||
Income | -1.2 | -2.3 | 26.3 |
Expenses | -1.0 | -4.4 | 25.6 |
Net profit | -20.8 | 63.5 | 42.2 |
PAT margin (%) | 2.2 | 4.2 | 13.8 |
Net fixed assets | 11.2 | 2.0 | -1.9 |
Net worth | 2.2 | 10.7 | 11.2 |
RONW (%) | 4.7 | 8.0 | 22.6 |
Debt / Equity (times) | 1.2 | 1.0 | 0.3 |
Interest cover (times) | 1.9 | 2.5 | 10.3 |
Net working capital cycle (days) | 81 | 85 | 16 |
Count of Cos. | 25,743 | 23,675 | 386 |
Numbers are net of P&E | |||
Updated on: 20 Jun 2022 11:46AM |