Abhishek Waghmare &Amp; Amritha Pillay

Stories by Abhishek Waghmare &Amp; Amritha Pillay

BJP loses ground in Fadnavis' hometown

BJP loses ground in Fadnavis' hometown

Rediff.com   25 Oct 2019

Vidarbha had given as many as 44 seats to the BJP in 2014. The Congress and NCP, plus independents and smaller parties, snatched 19 seats from the BJP, reports Abhishek Waghmare.

Will govt impose GST on education and health?

Will govt impose GST on education and health?

Rediff.com   18 Oct 2019

If the items and services such selected subsequently pass the test from the fitment committee and the GST Council, this would be the first of such rate hikes, after a series of cuts in the process of rate rationalisation that started in November 2017.

Refining margins may boost RIL's earnings

Refining margins may boost RIL's earnings

Rediff.com   16 Oct 2019

10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.

India scores a measly 102 in Global Hunger Index

India scores a measly 102 in Global Hunger Index

Rediff.com   16 Oct 2019

According to the global report, just 9.6 per cent of all children between 6 and 23 months of age are fed a minimum acceptable diet.

PMC shows it's time for relook at urban coop banks

PMC shows it's time for relook at urban coop banks

Rediff.com   10 Oct 2019

In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.

RBI survey says business climate worst in 11 years

RBI survey says business climate worst in 11 years

Rediff.com   5 Oct 2019

Business activity contracted in Q2 FY20, the first contraction since 2013-14 and the second since the 2008 global financial crisis, report, Abhishek Waghmare and Anup Roy.

RBI cuts FY20 GDP growth forecast to 6.1%

RBI cuts FY20 GDP growth forecast to 6.1%

Rediff.com   5 Oct 2019

If this turns into reality, India's gross domestic product (GDP) growth will be the lowest since 2012-13, which could severely hit job creation and income growth in the near term.

Day after: Corporate tax relief may worsen fiscal deficit

Day after: Corporate tax relief may worsen fiscal deficit

Rediff.com   21 Sep 2019

The immediate revenue loss could worsen the Centre's fiscal deficit, from the budgeted 3.3 per cent of gross domestic product (GDP) to 3.7 per cent of GDP -- a massive 40-basis-point increase. It was stabilised at 3.4 per cent since 2016-17, report Abhishek Waghmare and Dilasha Seth.

As slowdown becomes worse, factory investment sinks

As slowdown becomes worse, factory investment sinks

Rediff.com   19 Sep 2019

The fall in investment rate is not surprising. But putting it together with rising share of wages in GVA, it shows that the focus is more on productivity, rather than adding new capacity, says Pronab Sen, former chief statistician of India.

Gautam Thapar, three others banned from markets over CG Power fraud

Gautam Thapar, three others banned from markets over CG Power fraud

Rediff.com   18 Sep 2019

Sebi said Thapar-promoted and -related entities owed Rs 1,723.19 crore as receivables to the company, while connected parties owed another Rs 462.74 crore.

Explained in charts: Growth of India's start-up universe

Explained in charts: Growth of India's start-up universe

Rediff.com   16 Sep 2019

Over the years, start-ups are struggling more to garner funds as they pass the elementary stages of growth.

Economic slowdown hits states' GST revenues more than Centre's

Economic slowdown hits states' GST revenues more than Centre's

Rediff.com   13 Sep 2019

Experts said if the slowdown, and subsequent weakness in GST mobilisation, continued, it would curtail the Centre's resources to a considerable extent in the current financial year.

Ayushman Bharat: An interesting health study across states in India

Ayushman Bharat: An interesting health study across states in India

Rediff.com   13 Aug 2019

The dichotomy between richer and poorer states is largely in consonance with the diversity in state level disease burden in the country.

Credit Suisse downgrades RIL to underperform

Credit Suisse downgrades RIL to underperform

Rediff.com   6 Aug 2019

The brokerage reduced its target price for the company to Rs 995 per share from Rs 1,350 apiece. Credit Suisse said RIL's liabilities increased from $19 billion to $65 billion in four years.

RIL looks to revive upstream biz

RIL looks to revive upstream biz

Rediff.com   5 Aug 2019

With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.

FM to meet all bank heads on Monday to discuss NBFC crisis

FM to meet all bank heads on Monday to discuss NBFC crisis

Rediff.com   3 Aug 2019

Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.

More than 680,000 registered companies have 'closed' down in India

More than 680,000 registered companies have 'closed' down in India

Rediff.com   30 Jul 2019

Maharashtra and Delhi lead the pack of states in terms of absolute number, with 142,425 and 125,937 closed companies, respectively.

MDs on 'forced' leave, but its business as usual for ICRA and Care Ratings

MDs on 'forced' leave, but its business as usual for ICRA and Care Ratings

Rediff.com   26 Jul 2019

The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.

Going gets tough for big firms wanting tax reduction

Going gets tough for big firms wanting tax reduction

Rediff.com   25 Jul 2019

Revenue foregone on account of corporation tax exemptions is estimated to grow by 16 per cent in 2018-19 (FY19) versus 8.7 per cent in the previous year and 12 per cent in 2016-17, show the Budget documents.

Nirmala Sitharaman's first Budget puts brakes on some funds for states

Nirmala Sitharaman's first Budget puts brakes on some funds for states

Rediff.com   10 Jul 2019

Nirmala Sitharaman has designed the revenue mix in such a way that while Centre's share in taxes would grow a massive 25 per cent, states' share would grow a dismal 6 per cent.