All stories by Ishan Bakshi
Jan Dhan Yojana powers Modi Sarkar's financial inclusion driveRediff.com11 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.
How the fiscal deficit, revenue target numbers stack up in BudgetRediff.com6 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.
Credit growth of private and non-PCA banks surges, says RBI reportRediff.com7 Jan 2019
Bad loans, however, continued to rise in the micro, small and medium enterprises category
Fiscal deficit hits 115% of FY targetRediff.com28 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?Rediff.com3 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'Rediff.com30 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 concernsRediff.com27 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.
State GST collections are more than Centre'sRediff.com12 Nov 2018
The shortfall in the Centre's GST collections has raised concerns over it meeting the fiscal deficit target of 3.3 per cent of GDP, reports Ishan Bakshi.
Mumbai still home to most of India's richestRediff.com2 Oct 2018
Pharmaceuticals, along with software and services, also added the most new entrants on the rich list 2018.
Investment picks up to a seven-quarter high of 14.4% in Q4Rediff.com1 Jun 2018
Economists, however, caution against interpreting the data as a broad-based revival
Modi @ 4: PM's dream of 'financial inclusion' takes shapeRediff.com29 May 2018
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
Can terms of reference of Finance Commissions be changed?Rediff.com9 May 2018
With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
Govt to mop up Rs 3.02 trn from cess, surchargesRediff.com8 Feb 2018
The 14th Finance Commission had recommended that states' share in the divisible tax pool be raised to 42 per cent, from 32 per cent earlier.
Why govt's indirect tax collection target looks impossibleRediff.com22 Jan 2018
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
Run-up to Budget 2018-19: India's medium-term fiscal outlook looks grimRediff.com12 Jan 2018
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
Budget 2018: What the real estate sector wants from FM JaitleyRediff.com12 Jan 2018
The year 2018 is likely to be steady in terms of institutional investment into real estate
This is Moody's advice for ModiRediff.com8 Dec 2017
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
Achche din eludes both Centre and statesRediff.com28 Nov 2017
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
Why banking transaction tax may not be evasion-proofRediff.com20 Nov 2017
According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT.
800,000 super-rich Indians account for 8.6% of national incomeRediff.com13 Sep 2017
From 1980 to 2014, the top 1 per cent captured 29 per cent of total growth, as much as the bottom 84 per cent put together.
'Modi is in the top 3 leaders I've ever seen!'Rediff.com7 Aug 2017
Says CISCO executive chairman John Chambers, who's 'met every leader in the world, and got to know them very well.'
Has note ban boosted tax base? Answer is in the detailRediff.com22 Jun 2017
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
Has currency in circulation reached a new normal?Rediff.com20 Jun 2017
With weekly additions slowing, it's likely that demand could be slackening
Agri sector spoils Modi's achche din dreamRediff.com15 Jun 2017
While overall employment rose from 456 mn to 463 mn between FY11 and FY15, with farm employment falling by 26 mn over the same period, the net addition to employment over the entire four year period was a mere 7 mn.
Fulfilling promises will add to UP's financial burdenRediff.com31 Mar 2017
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
A nation of tax avoiders?Rediff.com7 Mar 2017
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
GDP versus other economic indicatorsRediff.com6 Mar 2017
It is difficult to reconcile the GDP numbers with other economic indicators.
Why India's GDP grew at 7.9% in FY16Rediff.com24 Feb 2017
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
Can railways meet its 2016-17 targets? What the figures sayRediff.com24 Jan 2017
In his last Budget, Suresh Prabhu, set an ambitious target for capital expenditure.
Data shows economic activity falters after note banRediff.com17 Jan 2017
Leading indicators suggest economic activity has been disrupted after demonetisation.
Govt's tax revenues soared in note-ban NovemberRediff.com10 Jan 2017
In the post-demonetisation phase, the govt's tax revenues have ended up soaring in November.
Why advance GDP estimates won't fully capture note ban effectRediff.com4 Jan 2017
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
More bad news as investment outlook continues to be grimRediff.com4 Jan 2017
The contraction in November this year is the second biggest fall in the current financial year.
8/11 and after: The going won't be easy for some more timeRediff.com31 Dec 2016
The bigger worry is that its effects could linger well into the next financial year.
Hardship set to lingerRediff.com31 Dec 2016
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
The challenges of branchless bankingRediff.com5 Dec 2016
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Cost of RBI's CRR diktat to banks: Rs 18,000 crores a yearRediff.com30 Nov 2016
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
Bharat has 70% of population, but only 19% of ATMsRediff.com28 Nov 2016
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
Cash deals cost India 1.7% of GDP: VisaRediff.com6 Oct 2016
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Vision 2020: India to grow at 7.7%, China at 6.4%Rediff.com12 Aug 2016
Creation of 115 million non-farm jobs over next decade critical to sustaining growth, says McKinsey