Tour and travel sector to post healthy growth of 12-14 pc in fiscal 2025: CRISIL
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The revision in the rate of tax collected at source (TCS) on overseas travel packages may not have a material impact on demand.
The cost of preparing a vegetarian thali at home has gone up by 34 per cent while that of a non-vegetarian thali went up by 13 per cent in July as compared to the input prices that prevailed in June 2023, CRISIL said in a report.
Revenues of multiplexes are set to cross pre-pandemic levels this financial year 2022-23 as more people are queuing up to watch movies after the pandemic-forced hiatus, said rating agency CRISIL Ratings.
The gross non-performing assets (NPA) of the banks are expected to improve 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal, rating agency CRISIL said in a release.
Last month, the telco had reported a net profit of Rs 759 crore for the January-March quarter.
"For the record, sales had recovered to over 80 per cent of pre-pandemic levels in the third quarter and are expected to recover almost fully by the close of the current quarter," Crisil said in a statement.
With this, the states' aggregate gross fiscal deficit (GFD) will not only get expanded to an all-time high of Rs 8.7 lakh crore, or 4.7 per cent of GSDP.
A faster-than-expected revival in activity in the second quarter, which continues into the festive season, is one of the reasons for the revision, the agency said in its research report.
Early into the lockdown, 968 companies, or nearly 27 per cent of the sample set, had opted for the moratorium allowed by the RBI. As much as 98 per cent of these are not seeking an OTDR.
It had earlier estimated the banking industry's NPAs to surge to 11.5 per cent of the overall assets in FY21.
