Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions.</em></p><p style="text-align:justify">The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly known as Bombay Stock Exchange) have reported a collective profit of Rs.9.3 lakh crore in 2021-22. This is over 70% more than the previous year and nearly three times more than the average profit earned every year for a decade before the pandemic, that is, between 2010-11 and 2019-20. &nbsp;</p><p style="text-align:justify">Even in the first year of the pandemic, 2020-21, the profit of these listed companies had touched a record of Rs.5.5 lakh crore, more than double the preceding year. But the profits accumulated in the second pandemic year have beaten all records.</p><p style="text-align:justify">These estimates are based on the financial statements of 3,288 listed companies that had published their statements for the quarter ended March 2022, by May 30, 2022. There are about 4,700 companies in all. CMIE says that the results of the remaining 1,500 companies are unlikely &ldquo;to make a material difference to the analysis&rdquo; because these 3,288 companies accounted for over 90% of the total sales of all listed companies in the previous quarter.</p><p style="text-align:justify">Earlier this year, a briefing by Oxfam had pointed out that during the pandemic (March 2020 to November 2021) incomes of 84% of households in the country declined but the number of Indian billionaires grew from 102 to 142 and their collective wealth increased from Rs. 23.14 lakh crore ($313 billion) to Rs. 53.16 lakh crore ($719 billion). More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor, according to the United Nations.) &ldquo;The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised,&rdquo; the study added.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic" title="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions.</em></p><p style="text-align:justify">The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly known as Bombay Stock Exchange) have reported a collective profit of Rs.9.3 lakh crore in 2021-22. This is over 70% more than the previous year and nearly three times more than the average profit earned every year for a decade before the pandemic, that is, between 2010-11 and 2019-20. &nbsp;</p><p style="text-align:justify">Even in the first year of the pandemic, 2020-21, the profit of these listed companies had touched a record of Rs.5.5 lakh crore, more than double the preceding year. But the profits accumulated in the second pandemic year have beaten all records.</p><p style="text-align:justify">These estimates are based on the financial statements of 3,288 listed companies that had published their statements for the quarter ended March 2022, by May 30, 2022. There are about 4,700 companies in all. CMIE says that the results of the remaining 1,500 companies are unlikely &ldquo;to make a material difference to the analysis&rdquo; because these 3,288 companies accounted for over 90% of the total sales of all listed companies in the previous quarter.</p><p style="text-align:justify">Earlier this year, a briefing by Oxfam had pointed out that during the pandemic (March 2020 to November 2021) incomes of 84% of households in the country declined but the number of Indian billionaires grew from 102 to 142 and their collective wealth increased from Rs. 23.14 lakh crore ($313 billion) to Rs. 53.16 lakh crore ($719 billion). More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor, according to the United Nations.) &ldquo;The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised,&rdquo; the study added.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic" title="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic">click here</a> to read more.&nbsp;</p>                                                           
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        LATEST NEWS UPDATES | Record Profits Boost Corporate Sector in Pandemic -Subodh Varma     </title>
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This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions.

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    <h1 class="cat-box-title">Record Profits Boost Corporate Sector in Pandemic -Subodh Varma </h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions.</em></p><p style="text-align:justify">The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly known as Bombay Stock Exchange) have reported a collective profit of Rs.9.3 lakh crore in 2021-22. This is over 70% more than the previous year and nearly three times more than the average profit earned every year for a decade before the pandemic, that is, between 2010-11 and 2019-20. &nbsp;</p><p style="text-align:justify">Even in the first year of the pandemic, 2020-21, the profit of these listed companies had touched a record of Rs.5.5 lakh crore, more than double the preceding year. But the profits accumulated in the second pandemic year have beaten all records.</p><p style="text-align:justify">These estimates are based on the financial statements of 3,288 listed companies that had published their statements for the quarter ended March 2022, by May 30, 2022. There are about 4,700 companies in all. CMIE says that the results of the remaining 1,500 companies are unlikely &ldquo;to make a material difference to the analysis&rdquo; because these 3,288 companies accounted for over 90% of the total sales of all listed companies in the previous quarter.</p><p style="text-align:justify">Earlier this year, a briefing by Oxfam had pointed out that during the pandemic (March 2020 to November 2021) incomes of 84% of households in the country declined but the number of Indian billionaires grew from 102 to 142 and their collective wealth increased from Rs. 23.14 lakh crore ($313 billion) to Rs. 53.16 lakh crore ($719 billion). More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor, according to the United Nations.) &ldquo;The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised,&rdquo; the study added.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic" title="https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic">click here</a> to read more.&nbsp;</p>                                                           
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Home हिन्दी

Record Profits Boost Corporate Sector in Pandemic -Subodh Varma

Published on Jun 12, 2022   Modified on Jun 13, 2022

-Newsclick.in This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related lockdowns and restrictions. The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly known as Bombay Stock Exchange) have reported a collective profit of Rs.9.3 lakh crore in 2021-22. This is over 70% more than the previous year and nearly three times more than the average profit earned every year for a decade before the pandemic, that is, between 2010-11 and 2019-20.   Even in the first year of the pandemic, 2020-21, the profit of these listed companies had touched a record of Rs.5.5 lakh crore, more than double the preceding year. But the profits accumulated in the second pandemic year have beaten all records. These estimates are based on the financial statements of 3,288 listed companies that had published their statements for the quarter ended March 2022, by May 30, 2022. There are about 4,700 companies in all. CMIE says that the results of the remaining 1,500 companies are unlikely “to make a material difference to the analysis” because these 3,288 companies accounted for over 90% of the total sales of all listed companies in the previous quarter. Earlier this year, a briefing by Oxfam had pointed out that during the pandemic (March 2020 to November 2021) incomes of 84% of households in the country declined but the number of Indian billionaires grew from 102 to 142 and their collective wealth increased from Rs. 23.14 lakh crore ($313 billion) to Rs. 53.16 lakh crore ($719 billion). More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor, according to the United Nations.) “The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised,” the study added. Please click here to read more.

Newsclick.in, 12 June, 2022, https://www.newsclick.in/record-profits-boost-corporate-sector-pandemic

Tagged with: Pandemic COVID-19 Coronavirus Oxfam Net Profit Listed Companies

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