Abhishek Waghmare And Somesh Jha

Stories by Abhishek Waghmare And Somesh Jha

Explained in Charts: Indian economy loses sheen

Explained in Charts: Indian economy loses sheen

Rediff.com   3 Dec 2019

Only one of the three drivers of the economy has performed in the way it should: government spending grew at 15.6 per cent, reports Abhishek Waghmare.

Q2 GDP growth seen slipping under 5%

Q2 GDP growth seen slipping under 5%

Rediff.com   28 Nov 2019

A look at six indicators shows all of them have collapsed from positive growth in April to contraction in September.

States' GST compensation may need to be extended

States' GST compensation may need to be extended

Rediff.com   27 Nov 2019

It shows that states would require a compensation to the tune of at least Rs 1.67 trillion in 2024-25, as none of them would be able to achieve a 14 per cent growth every year.

Corporate tax cut dents direct taxes mop up by 17%

Corporate tax cut dents direct taxes mop up by 17%

Rediff.com   26 Nov 2019

While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow collection is the tax cut.

Only 61% homes used LPG as of Dec 2018

Only 61% homes used LPG as of Dec 2018

Rediff.com   26 Nov 2019

Only 48.3 per cent of the rural households used LPG, while the figures were much higher in urban areas at 86.6 per cent, according to a NSO report.

Govt releases 5 survey reports but holds back study it junked

Govt releases 5 survey reports but holds back study it junked

Rediff.com   25 Nov 2019

The government's decision to release the reports comes two days after over 200 scholars from across the globe issued a statement demanding release of all withheld reports produced by the NSO, including the household consumer expenditure survey that was junked.

Consumer spend falls for the first time in over 40 years

Consumer spend falls for the first time in over 40 years

Rediff.com   22 Nov 2019

Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.

This Bill will decide how India Inc hires and fires

This Bill will decide how India Inc hires and fires

Rediff.com   21 Nov 2019

Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.

Explained in Charts: India's deepening economic slowdown

Explained in Charts: India's deepening economic slowdown

Rediff.com   19 Nov 2019

What could be the reason for the successive downward revisions across the board? Some key indicators make it evident, reports Abhishek Waghmare.

Govt scraps consumer expenditure survey over 'data quality'

Govt scraps consumer expenditure survey over 'data quality'

Rediff.com   16 Nov 2019

The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.

Why govt wants to classifying jobs based on skills

Why govt wants to classifying jobs based on skills

Rediff.com   13 Nov 2019

In the draft rules, among 681 listed professions, armed security guards, supervisors, surveyors, and carpenters (class I) are proposed to be treated as highly skilled professionals; electricians, tailors and drivers are skilled; cooks and cobblers as semi-skilled and dairy coolies, office peons and sweepers as unskilled.

Govt's tax amnesty scheme sees little success

Govt's tax amnesty scheme sees little success

Rediff.com   8 Nov 2019

By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme. The scheme gives a deep discount of 70 per cent for cases pending appeal where tax demand is more than Rs 50 lakh, and 50 per cent waiver beyond that amount.

Mudra loans led to a 28% rise in jobs

Mudra loans led to a 28% rise in jobs

Rediff.com   7 Nov 2019

After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.

Rural joblessness pushes unemployment rate to 3-year high

Rural joblessness pushes unemployment rate to 3-year high

Rediff.com   2 Nov 2019

Unemployment was worse only in the pre-demonetisation period, according to the data, at 9.6 per cent in August 2016.

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.

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Pension schemes: Govt owes Rs 9,100 crore, says EPFO

Rediff.com   21 Oct 2019

Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.

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.

New-look FRDI bill to offer higher deposit insurance

New-look FRDI bill to offer higher deposit insurance

Rediff.com   17 Oct 2019

The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.

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.

Sitharaman readies relief package for MSMEs, NBFCs

Sitharaman readies relief package for MSMEs, NBFCs

Rediff.com   15 Oct 2019

PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash.