Abhishek Waghmare

All stories by Abhishek Waghmare

Only 2% Indians have taken Covid vaccine

Only 2% Indians have taken Covid vaccine

Rediff.com3 May 2021

As India begins vaccinating the younger population, the most vulnerable remain largely unvaccinated.

Most poll-bound states kept testing low till elections

Most poll-bound states kept testing low till elections

Rediff.com24 Apr 2021

Three of the four major states delayed testing despite worsening indicators. Only Tamil Nadu quickened the pace after the first signs of deterioration.

How locked down is India in Covid second wave?

How locked down is India in Covid second wave?

Rediff.com22 Apr 2021

As the second wave sweeps through the country, restrictions on movement and public activity are not as strict, even though the caseload and death rate is worse than before, reports Abhishek Waghmare.

Covid: India has highest number of critical cases

Covid: India has highest number of critical cases

Rediff.com30 Mar 2021

To achieve herd immunity, rapid vaccination is the only hope.

Why costly diesel is a bigger worry than petrol

Why costly diesel is a bigger worry than petrol

Rediff.com8 Mar 2021

While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.

High fuel prices: Is Modi govt actually 'cheating' the states?

High fuel prices: Is Modi govt actually 'cheating' the states?

Rediff.com24 Feb 2021

Consumers are paying an exorbitant 180 per cent tax on petrol, and 140 per cent on diesel in Delhi and in most other towns in India. Little wonder then that the central government expects a staggering Rs 3.46 trillion by levying excise duties on retail sale of the two fuels this year, and Rs 3.2 trillion the next. States would generally have had reason to cheer, as they command a 41 per cent share in Centre's tax revenues. But as the Centre has raised excise duties in the form of "cess," the revenue proceeds are by nature not shareable with states.

Why is govt borrowing from the market?

Why is govt borrowing from the market?

Rediff.com24 Feb 2021

To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.

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.

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