RBI releases June ’18 issue of monthly bulletin

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The Reserve Bank of India (RBI) on Monday released the June 2018 issue of its monthly bulletin.

The latest bulletin includes the key highlights of recently– released second bi-monthly Monetary Policy Statement for the Year 2018-19,  speeches by top officials, an article on ‘Performance of Private Corporate Business Sector: 2016-17 to Q3:2017-18’ and other relevant industry statistics.

As per the official communiqué released by the Central Bank, this article reviews the performance of the private (non-financial) business sector on the basis of financial statements furnished by the listed non-government non-financial companies.

The other industry-related developments as noted in the latest RBI bulletin include:

– A turnaround in sales growth of the corporate sector took hold in 2016-17 and has extended into the current year so far.

– The cost of raw materials of the manufacturing sector continued to rise at a fast pace and showed no sign of easing till Q3:2017-18.

– Low capacity utilisation in the manufacturing sector led to significant deleveraging as well as lower investments in fixed assets, with companies preferring investments in financial and liquid assets during 2016-17.

– A stark contrast was observed in the performance of heavily indebted companies in the manufacturing vis-a-vis the rest of the sample.

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