Ishan Bakshi And Rajesh Bhayani

Stories by Ishan Bakshi And Rajesh Bhayani

In about 7 years, digital gold accounts cross 80 million

In about 7 years, digital gold accounts cross 80 million

Rediff.com   11 Apr 2019

Digital gold is gold purchased online from various platforms including Paytm or Google Pay and stored in your online account.

Gold cheaper by Rs 2,000 over past 5 weeks

Gold cheaper by Rs 2,000 over past 5 weeks

Rediff.com   1 Apr 2019

A strengthening rupee following a sharp surge in the inflow of foreign money from investors and "illegal imports" were among some of the reasons for the fall.

Rahul's NYAY: Where will the money come from?

Rahul's NYAY: Where will the money come from?

Rediff.com   27 Mar 2019

Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries

RBI may soon become world's 10th largest holder of gold

RBI may soon become world's 10th largest holder of gold

Rediff.com   12 Mar 2019

Indian central bank may soon edge out its counterpart in the Netherlands from the top-10 list, as latter's holding has largely remained unchanged.

Jan Dhan Yojana powers Modi Sarkar's financial inclusion drive

Jan Dhan Yojana powers Modi Sarkar's financial inclusion drive

Rediff.com   11 Mar 2019

There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.

Why gold prices fell by over 5% in just 15 days

Why gold prices fell by over 5% in just 15 days

Rediff.com   8 Mar 2019

Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.

How the fiscal deficit, revenue target numbers stack up in Budget

How the fiscal deficit, revenue target numbers stack up in Budget

Rediff.com   6 Feb 2019

Ehile the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections, reports Ishan Bakshi.

Another Chinese invasion, albeit with a difference

Another Chinese invasion, albeit with a difference

Rediff.com   30 Jan 2019

Shanghai Gold Exchange plans to open a centre at GIFT City, in partnership with BSE or NSE

2 members of National Statistical Commission quit over jobs data report

2 members of National Statistical Commission quit over jobs data report

Rediff.com   30 Jan 2019

With the two members quitting, the NSC now has only two members -- Chief Statistician Pravin Srivastava and NITI Aayog CEO Amitabh Kant.

Mumbai Police arm issues fresh notices to 300 NSEL brokers

Mumbai Police arm issues fresh notices to 300 NSEL brokers

Rediff.com   24 Jan 2019

Sebi's main contention against brokers is that the NSEL was offering paired contracts and they were forward contracts, which were "illegal".

How 'briefcase' firms are robbing the govt of GST tax

How 'briefcase' firms are robbing the govt of GST tax

Rediff.com   17 Jan 2019

A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.

Credit growth of private and non-PCA banks surges, says RBI report

Credit growth of private and non-PCA banks surges, says RBI report

Rediff.com   7 Jan 2019

Bad loans, however, continued to rise in the micro, small and medium enterprises category

Does pan-India launch of Rythu Bandhu scheme make sense?

Does pan-India launch of Rythu Bandhu scheme make sense?

Rediff.com   4 Jan 2019

Telangana govt currently provides the state's 5.83 million farmers an income support of Rs 4,000 per acre per season, irrespective of the size of their land holding

Despite govt's diktat, gold round-tipping is still flourishing

Despite govt's diktat, gold round-tipping is still flourishing

Rediff.com   2 Jan 2019

Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.

Fiscal deficit hits 115% of FY target

Fiscal deficit hits 115% of FY target

Rediff.com   28 Dec 2018

For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.

What's driving EPFO payroll data?

What's driving EPFO payroll data?

Rediff.com   3 Dec 2018

As beneficiaries under Pradhan Mantri Rojgar Protsahan Yojna have to be EPF subscribers, these numbers indicate that the increase in EPFO payroll estimates is largely due to an increase in the beneficiaries registered under PMRPY.

'Demonetisation was a massive, draconian, monetary shock'

'Demonetisation was a massive, draconian, monetary shock'

Rediff.com   30 Nov 2018

The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.

CPI calculation: MPC member Ravindra Dholakia raises 3 concerns

CPI calculation: MPC member Ravindra Dholakia raises 3 concerns

Rediff.com   27 Nov 2018

As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.

How Indian banks are getting ready to avoid fraud, enhance security

How Indian banks are getting ready to avoid fraud, enhance security

Rediff.com   23 Nov 2018

Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system

India readies plan to sell only 'clean' diamonds worldwide

India readies plan to sell only 'clean' diamonds worldwide

Rediff.com   14 Nov 2018

All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.