Abhishek Waghmare

All stories by Abhishek Waghmare

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.

BJP loses ground in Fadnavis' hometown

BJP loses ground in Fadnavis' hometown

Rediff.com25 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.com18 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.

India scores a measly 102 in Global Hunger Index

India scores a measly 102 in Global Hunger Index

Rediff.com16 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.

RBI cuts FY20 GDP growth forecast to 6.1%

RBI cuts FY20 GDP growth forecast to 6.1%

Rediff.com5 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.

As slowdown becomes worse, factory investment sinks

As slowdown becomes worse, factory investment sinks

Rediff.com19 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.

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

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

Rediff.com16 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.com13 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.com13 Aug 2019

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

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

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

Rediff.com30 Jul 2019

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

Government's fuel tax earning explained in charts

Government's fuel tax earning explained in charts

Rediff.com9 Jul 2019

Consumption of petrol and diesel will contribute more than half of the Centre's exclusive share in GST in FY20, reports Abhishek Waghmare

Have banks passed on the benefits of RBI's rate cut?

Have banks passed on the benefits of RBI's rate cut?

Rediff.com11 Jun 2019

In the last three years, public sector banks have responded to the RBI's policy rates more strongly than private banks.

Does the economy need fiscal stimulus? Debate rages on

Does the economy need fiscal stimulus? Debate rages on

Rediff.com11 Jun 2019

The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.

2 steps East, 2 steps South helped BJP cross 300 mark

2 steps East, 2 steps South helped BJP cross 300 mark

Rediff.com24 May 2019

Modi garners nearly 37% vote nationally, courtesy West Bengal, Odisha, Karnataka and Telangana.

Explained: How service sector gained and govt actually lost revenue post GST

Explained: How service sector gained and govt actually lost revenue post GST

Rediff.com10 May 2019

Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.

In Solapur will Bhim-AIMIM combine end national parties' run?

In Solapur will Bhim-AIMIM combine end national parties' run?

Rediff.com15 Apr 2019

'The Dalit vote traditionally went to the Congress, but everyone knows by now that the Congress and the BJP are the same. We all stand united behind Balasaheb (Prakash Ambedkar) this time.'

Why RBI's key panel expects inflation to stay low

Why RBI's key panel expects inflation to stay low

Rediff.com11 Apr 2019

Data suggests that households too are expecting inflation to subside, with the three-month-ahead and the one-year-ahead expectations declining by 40 basis points, reports Abhishek Waghmare.

Railways to IAS: Where are the Women?

Railways to IAS: Where are the Women?

Rediff.com4 Apr 2019

Women's representation in government jobs is less than 15%.

India's spending on space tripled in 10 years

India's spending on space tripled in 10 years

Rediff.com28 Mar 2019

India's spending on space research almost tripled from Rs 4,163 crore in 2009-2010 to Rs 11,538 crore in 2018-2019.

Do rich candidates have it easy in polls?

Do rich candidates have it easy in polls?

Rediff.com19 Mar 2019

An analysis of the assets data from Association of Democratic Reforms shows that the average assets of a winner of the 2014 LS election was more than the average assets of a candidate: more the money you have, more the chances of winning.

PM-Kisan scheme will bring cheer to most farmers

PM-Kisan scheme will bring cheer to most farmers

Rediff.com25 Feb 2019

The scheme, which would give Rs 6,000 to small farmers in a year or Rs 500 a month, will add more money to the account of these cultivators than the money he/she saves every month on an average.

How YOU help India reduce fiscal deficit

How YOU help India reduce fiscal deficit

Rediff.com19 Feb 2019

Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.

Why did Modi shoot down farm loan waivers?

Why did Modi shoot down farm loan waivers?

Rediff.com31 Jan 2019

Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.

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