All stories by Sachin P Mampatta
Crorepati Candidates And Moveable Assets
Rediff.com4 days agoMoveable assets accounted for 46 per cent of the wealth of the 10 richest candidates in the first phase of the 2024 elections.
New private project announcements zoom ahead of polls
Rediff.com9 Apr 2024The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Rs 15 Trillion In Direct Taxes Comes Via Automatic Route
Rediff.com14 Feb 202496 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
How Sensex Has Changed Over Years
Rediff.com2 Feb 2024A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy.
Have You Heard Of Zombie Companies?
Rediff.com17 Jan 2024If Indian companies were people, around 20 per cent of the listed space would be individuals whose salaries don't cover their loan instalments.
Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!
Rediff.com16 Jan 2024Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.
Govt Project Launches Hit All-Time Low
Rediff.com10 Jan 2024Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
40,175 Manufacturers Vanish From Tax Data
Rediff.com23 Dec 2023Manufacturing's share in the profit pool of companies had declined before the pandemic.
Caste Is Back In The Electoral Equation
Rediff.com20 Nov 2023Bihar has fertile grounds for caste to emerge as an electoral issue.
Wilful Defaulters Dues Rise To Rs 100 Crores Per Day
Rediff.com17 Nov 2023Wilful defaulters owe SBI Rs 80,000 crore. 10 nationalised banks are owed another Rs 1.5 trillion.
Select unsecured loans up by nearly Rs 7 trillion since 2019
Rediff.com16 Oct 2023People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.
Why Odds Are Against New Mutual Funds
Rediff.com21 Sep 2023Meaningful market share would go to those who have the distribution strength to push their products, such as banks.
China's Economy Is Weakening!
Rediff.com6 Sep 2023Unemployment has been rising among the young, with authorities suspending data disclosures after youth unemployment crossed 20 per cent.
Skin in the game: MFs have bet over Rs 80,000 cr on their own schemes
Rediff.com2 Sep 2023When billionaire Warren Buffet started his first fund in 1956 with eleven investors, he invested a token amount of $100 of his own money as "skin in the game". Buffet denies it but he is credited with coming up with the term describing those running a fund risk some of their own money in it. The mutual fund (MF) industry has more than Rs 81,200 crore riding on its schemes, shows a Business Standard analysis of data on sponsor and associate contributions from the Association of Mutual Funds in India (Amfi).
How Many Letters Does The Post Office Still Deliver?
Rediff.com28 Aug 2023Nearly two million postcards and eight million letters pass through India's post offices daily.
Foreign players' share in private sector capex declines
Rediff.com9 Aug 2023The share of foreign companies in private sector investments, directed towards building new factories and other facilities, has declined over the past six months. A mix of large domestic announcements and relatively lower growth in foreign capital expenditure (capex) plans have played a role, although foreign investments remain near record levels. The share of foreign companies in the overall private sector investments over the four quarters ended June 2023 has dipped to 14.9 per cent, as shown by a Business Standard analysis of data from the project tracker Centre for Monitoring Indian Economy.
NSE makes fresh attempt to settle TAP regulatory investigation
Rediff.com20 Jul 2023The National Stock Exchange (NSE) has made a fresh attempt at settling a regulatory investigation into the misuse of Trading Access Point (TAP) software at the bourse. The Securities and Exchange Board of India (Sebi) rejected a similar application in 2022. "NSE and its employees have filed a consolidated settlement application dated May 4, 2023, with Sebi.
Why Government Jobs Are In Short Supply
Rediff.com13 Jul 2023Almost 25 per cent central government posts were vacant as of March 2022, compared to 9.4 per cent in March 2002.
New manufacturing projects decline in June 2023, shows CMIE data
Rediff.com4 Jul 2023New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.
Uttar Pradesh adds 126,000 new investors in April; Maharashtra loses pull
Rediff.com15 Jun 2023The state with the most people has displaced the state with the largest economy in terms of investor additions. Uttar Pradesh (UP) added 126,000 new investors in April, reveals National Stock Exchange (NSE) disclosures. This is higher than Maharashtra's 118,000. Maharashtra, which is home to India's financial capital of Mumbai, has traditionally been the biggest source of investors.