Sachin P Mampatta

Stories by Sachin P Mampatta

Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!

Guess How Many Indians Filed Tax Returns? A Record 81.8 Million!

Rediff.com   16 Jan 2024

Many 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

Govt Project Launches Hit All-Time Low

Rediff.com   10 Jan 2024

Government 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

40,175 Manufacturers Vanish From Tax Data

Rediff.com   23 Dec 2023

Manufacturing's share in the profit pool of companies had declined before the pandemic.

Caste Is Back In The Electoral Equation

Caste Is Back In The Electoral Equation

Rediff.com   20 Nov 2023

Bihar has fertile grounds for caste to emerge as an electoral issue.

Wilful Defaulters Dues Rise To Rs 100 Crores Per Day

Wilful Defaulters Dues Rise To Rs 100 Crores Per Day

Rediff.com   17 Nov 2023

Wilful defaulters owe SBI Rs 80,000 crore. 10 nationalised banks are owed another Rs 1.5 trillion.

Mutual Funds Invested In Nearly 1,000 Companies

Mutual Funds Invested In Nearly 1,000 Companies

Rediff.com   16 Nov 2023

The number of companies had touched a low of 792 in July 2020 amid heightened uncertainty because of COVID-19.

Israel trade with India doubled after Covid-19 pandemic

Israel trade with India doubled after Covid-19 pandemic

Rediff.com   16 Oct 2023

India's trade ties with Israel have only strengthened in the years after 2019. The total value of trade rose to $10.5 billion on a rolling four-quarter basis in June 2023 from $5.5 billion in the same month in 2019, shows a Business Standard analysis of data from the Centre for Monitoring Indian Economy (CMIE). A rolling four-quarter number provides a comparable figure across different time periods.

Select unsecured loans up by nearly Rs 7 trillion since 2019

Select unsecured loans up by nearly Rs 7 trillion since 2019

Rediff.com   16 Oct 2023

People 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.

NSE makes more money than 98% of companies listed on it

NSE makes more money than 98% of companies listed on it

Rediff.com   22 Sep 2023

The stock exchange on which they are traded boasts higher profits than most of the companies whose shares are hitting new highs. Only 37 of approximately 2,000 listed companies with comparable data for 2022-23 (FY23) reported higher profits, while the rest had lower profits. Despite rising corporate profitability, the universe of companies that outperform the National Stock Exchange (NSE) in terms of profitability has been shrinking of late, according to an analysis of companies with comparable data over the past seven years.

Why Odds Are Against New Mutual Funds

Why Odds Are Against New Mutual Funds

Rediff.com   21 Sep 2023

Meaningful market share would go to those who have the distribution strength to push their products, such as banks.

China's Economy Is Weakening!

China's Economy Is Weakening!

Rediff.com   6 Sep 2023

Unemployment 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

Skin in the game: MFs have bet over Rs 80,000 cr on their own schemes

Rediff.com   2 Sep 2023

When 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?

How Many Letters Does The Post Office Still Deliver?

Rediff.com   28 Aug 2023

Nearly two million postcards and eight million letters pass through India's post offices daily.

Foreign players' share in private sector capex declines

Foreign players' share in private sector capex declines

Rediff.com   9 Aug 2023

The 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

NSE makes fresh attempt to settle TAP regulatory investigation

Rediff.com   20 Jul 2023

The 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

Why Government Jobs Are In Short Supply

Rediff.com   13 Jul 2023

Almost 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

New manufacturing projects decline in June 2023, shows CMIE data

Rediff.com   4 Jul 2023

New 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

Uttar Pradesh adds 126,000 new investors in April; Maharashtra loses pull

Rediff.com   15 Jun 2023

The 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.

In debate over NPS and EPFO returns, one retirement fund edges ahead

In debate over NPS and EPFO returns, one retirement fund edges ahead

Rediff.com   12 Jun 2023

If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.

LIC's Total Wealth Erosion: Over Rs 2 Trillion

LIC's Total Wealth Erosion: Over Rs 2 Trillion

Rediff.com   29 May 2023

The decline in LIC's share price makes it the biggest wealth destroyer among IPOs which hit the market after COVID-19 took hold globally in 2020.