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Sanju Verma Profile picture
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7 Feb, 3 tweets, 4 min read
My column in #SundayGuardian today,explains how 41.66% of Petrol price per litre,goes towards State VAT&levies;Only 21.59% goes towards Central taxes;Also, #BrentCrude Oil price is up 233% since April'20,so #FuelPrice rise,a global trend!
Assuming Rs93.49 per litre as #Petrol price in Mumbai,while only Rs20.18 is Central Tax,38.95,is State #VAT&levies,Rs30.82 is Basic price&3.54 is Dealer Margin

@narendramodi govt is working astutely towards #GasBased economy,from #OilBased one

My Oped👇

sundayguardianlive.com/user/sanju-ver…
.@narendramodi 's efforts to shape India into #GasBased economy got a fillip with PM Modi laying foundation of 347km #DobhiDurgapur pipeline today!

Pipeline will bring 3-4 lakh piped natural gas connections to household kitchens&200 CNG stations will be set up along this route💪

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More from @Sanju_Verma_

Sanju Verma Profile picture
5 Feb
RBI Governor leaving Repo unchanged at 4%,ReverseRepo@ 3.35%&Marginal StandingFacility@ 4.25%,on expected lines

Interestingly,MPC voted for status quo unanimously,which is good news

GDP growth projected at 10.5% in FY22,Vs Modi Govt's projection of 11%&IMF's 11.5%
#CreditPolicy
Despite a massive Rs 12 lakh Cr of govt borrowings estimated in FY22,the good thing is,weighted average cost of funds has been 5.78%,so @narendramodi govt will be able to borrow at competitive rates

Accommodative Stance by RBI Governor,bodes well

Reserve money rose by 14.5% YoY
Enough #Liquidity there in system,in LAF window,with banks provided addnl liquidity of Rs 1.53 lakh Cr

Hence,#CRR will be hiked back to 3.5% from 27th March 2021&to 4% from 22nd May,2021

For 1HFY22,#Inflation projected at 5-5.2%,from earlier range of 4.6-5.2%

#RBICreditPolicy
Read 6 tweets
Sanju Verma Profile picture
4 Feb
Critics have asked,wrt #Budget2021, how will @narendramodi govt manage finances

Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
GST will contribute 15paise in every rupee revenue,corporate tax will contribute 13paise to each rupee earned;8paise for every rupee,will come from union excise duty,3paise from customs duty&income tax will yield 14paise to every rupee collected

Fiscal math has been worked out💪
On #Expenditure side,biggest outlay is for interest payments at 20paise for every rupee,followed by States' share of taxes&duties@16paise

Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise

#Budget2021 #Modinomics
Read 6 tweets
Sanju Verma Profile picture
1 Feb
Excellent #Budget2021 by @narendramodi govt

16.5 lakh Cr Agri Credit allocation&Rs 1.18 lakh Cr for roads

Massive 34.5% rise Capital Spending at 5.54 lakh Cr

137% rise in Health budget

Income Tax scrutiny reduced from 6 to 3 yrs;No Double taxation of NRIs

#Growth,the focus
Hike in Insurance #FDI from 49% to 74%,pro #Reforms💪

#Dividend income invested In InvITs &REITs,tax free

No advance tax liability on Dividend income

#LIC IPO--BIG

#Disinvestment of BPCL,Pawan Hans,Air India,Concor,IDBI,Beml, Shipping Corp--BIG

64180Cr #Healthcare budget-BIG
5 Mega #Fishing harbours

7 Mega #Textile Parks

Agri Infra Fund to be available to #APMCs

Voluntary #VehicleScrapping policy

20000Cr #Recapitalisation of PSBs

#ARC to take over stressed assets

7 Port projects to be developed via PPP

18000Cr for Bus Transport
#Modinomics💪
Read 9 tweets
Sanju Verma Profile picture
30 Jan
PSU giant #SAIL reported 1468Cr profit in Dec'20 qtr Vs loss of 344Cr in Dec'19 qtr,showcasing strength of #EconomicRecovery,in Construction, Infra,Autos,Manufacturing

Hot Steel&Saleable Steel production rose by 12%&6% YoY,respectively

Ebitda rose by massive 346%,to Rs 5294Cr💪
#Larsen&Toubro's 76% YoY rise in Order Book in Dec'20 qtr,vindicates speed with which Infra projects are scaling up,under @narendramodi govt

Order book of L&T at Rs 3.31 lakh Cr in Dec'20 qtr,is up 9%,Vs March'20 qtr,which means Infra space is doing better than pre-#COVID levels
Despite a global #pandemic, L&T,which is a proxy to how #Infra space in India is doing,saw new order inflows of a massive 73233Cr, in just a single qtr of Dec'20💪

Segment-wise,Infra secured #Orders of 45574Cr,rise of 80% YoY, with receipt of two marquee orders of #HighSpeedRail
Read 5 tweets
Sanju Verma Profile picture
26 Jan
IMF today revised India's GDP growth forecast for FY22 from 8.8% to 11.5%,making it fastest growing global economy

#IMF listed India as only major economy of the world to register double-digit growth in FY22,thx to pathbreaking reforms&mega vaccine roll out by @narendramodi govt
For CY21/FY22,while IMF projects 11.5% for India,it says global GDP will grow by only 5.5%

Advanced economies to grow by just 4.3%&EMs by 6.3%

China@ 8%,Spain@5.9%&France with GDP growth of 5.5%,are the other projections

India's rebound under @narendramodi govt,to be fastest
L&T,#EPC behemoth, reported 17% rise in Profit,with margins up 80bps at 12%

Worth noting that L&T's order book at Rs 3.31 lakh Cr,is up a massive 76% YoY&the highest that it has ever reported in a quarter

Strong order inflows despite #COVID19,shows capex cycle is turning around
Read 5 tweets
Sanju Verma Profile picture
22 Jan
Against market expectations of 753Cr loss,#YesBank reports profit of Rs 151Cr,with NII growth of solid 31%

Gross NPAs down 8.6% QoQ
Net NPAs down 12.8%

What a brilliant turnaround,thx to timely action by @narendramodi govt

Note:Yes reported Profit despite Provisions up by 85%
#TataMotors reports highest ever PV sales in Dec'20 qtr,in 33 quarters

Ditto with #JSWSteel,which,despite input inflation,recorded highest ever Q3 sales,in its history

#Infosys recently reported Constant Currency growth of 5.3%,in Dec qtr,highest ever in 8 yrs
#EconomicRecovery
#JSWSteel numbers are pretty interesting

Profit at 2669Cr in Dec Qtr,up a massive 1327% YoY

Revenue up 21%,with Ebitda/tonne in excess of Rs13000

Ebitda at 5946Cr,up a solid 143%

Margins at 27.2%,up a whopping 1360bps

And all this,despite global headwinds
#EconomicRecovery💪
Read 5 tweets

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