Abhishek Waghmare

All stories by Abhishek Waghmare

Personal tax brings more revenue to govt than corporate tax

Personal tax brings more revenue to govt than corporate tax

Rediff.com3 Feb 2021

That's a big change that was made possible due to corporate tax cuts. Corporation tax collection in FY22 will be lower than even the FY18 levels, reports

Covid-19 effect: Small savings cross Rs 1-trillion mark in first 6 months of FY21

Covid-19 effect: Small savings cross Rs 1-trillion mark in first 6 months of FY21

Rediff.com26 Nov 2020

Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.

Cash-to-GDP ratio could hit 14-15%, the highest since independence

Cash-to-GDP ratio could hit 14-15%, the highest since independence

Rediff.com15 Oct 2020

It is a classic case of extremes: The worst contraction in GDP along with the highest-ever levels of cash in the economy; and a severe dent in consumption together with strong growth in bank deposits and digital payments.

'Coronavirus strain predominant in India originated in Europe'

'Coronavirus strain predominant in India originated in Europe'

Rediff.com3 Sep 2020

'Given that the globally most prevalent clade of SARS-CoV-2 is also predominant in India, any vaccine or drug that gets developed in the world should also prove effective in India'

Why are young Indians dropping out of school?

Why are young Indians dropping out of school?

Rediff.com24 Aug 2020

One in five students drop out from school.

Covid-19 test in India costs 4 times more than in China

Covid-19 test in India costs 4 times more than in China

Rediff.com24 Jul 2020

The spending on a typical RT-PCR test would take up 23 per cent of the monthly income of an average Indian, compared to 2 per cent in China. This is one of the deepest cuts in the pocket of an individual, in comparison to 14 other countries, reports Abhishek Waghmare.

Rural spending has skyrocketed but defence hit badly

Rural spending has skyrocketed but defence hit badly

Rediff.com10 Jul 2020

Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.

COVID-19: Will low testing lead to lockdown extension?

COVID-19: Will low testing lead to lockdown extension?

Rediff.com10 May 2020

India's curve, yet to flatten vis-a-vis countries with similar or more conservative plans to ease restrictions, still points to 'exponential growth', despite India having tested much fewer people.

Explained in Charts: How IBC has evolved in 3 years

Explained in Charts: How IBC has evolved in 3 years

Rediff.com25 Feb 2020

Among manufacturing companies that went to the National Company Law Tribunal (NCLT), chemicals and metal firms witnessed more resolutions while companies in the labour intensive (employment friendly) leather and textile sectors mostly get liquidated, reports Abhishek Waghmare.

Explained in Charts: How AAP smartly managed Delhi's finances

Explained in Charts: How AAP smartly managed Delhi's finances

Rediff.com17 Feb 2020

The size of Delhi's Budget is close to Rs 55,000 crore, or about 6 per cent of its gross state domestic product (GSDP). What set the state apart is that in the last decade, its fiscal deficit hardly crossed 1 per cent of GSDP, while many other states grappled to contain it within 3 per cent. This was largely possible due to the revenue surplus position, reports Abhishek Waghmare.

Budget numbers in graphs shows Sitharaman's fiscal maths gone awry

Budget numbers in graphs shows Sitharaman's fiscal maths gone awry

Rediff.com4 Feb 2020

The impact of economic slump was visible in the Budget's fine print, as this step-by-step explanation show how the Budget math was worked out, reports Abhishek Waghmare.

7 charts explain how gold performed in 2019

7 charts explain how gold performed in 2019

Rediff.com20 Jan 2020

In comparison to other asset classes, globally, gold rallied significantly after many years to deliver 18.4 per cent returns in 2019.

Promised GST revenue to states may get trimmed

Promised GST revenue to states may get trimmed

Rediff.com19 Dec 2019

If the protected growth in GST revenue is reduced to 10 per cent, the Centre would save more than Rs 25,000 crore in 2020-21 if none of the states show any revenue growth. This would nearly amount to 0.1 per cent of the gross fiscal deficit and help the government in avoiding fiscal slippage to some extent in subsequent years.

Explained in Charts: Indian economy loses sheen

Explained in Charts: Indian economy loses sheen

Rediff.com3 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.com28 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.com27 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.com26 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.

Explained in Charts: India's deepening economic slowdown

Explained in Charts: India's deepening economic slowdown

Rediff.com19 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's tax amnesty scheme sees little success

Govt's tax amnesty scheme sees little success

Rediff.com8 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.

Rural joblessness pushes unemployment rate to 3-year high

Rural joblessness pushes unemployment rate to 3-year high

Rediff.com2 Nov 2019

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

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