Subhomoy Bhattacharjee

Stories by Subhomoy Bhattacharjee

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

Rediff.com   13 May 2020

The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.

Prolonged lockdown to make India's water crisis worse

Prolonged lockdown to make India's water crisis worse

Rediff.com   4 May 2020

Making water available is always a serious challenge in the summer for all public authorities. This year, the challenge is higher when hand-washing at every opportunity has become a necessity. So keeping potable water lines running without a glitch has become most necessary.

All govt departments to make 'savage cuts' in expenses

All govt departments to make 'savage cuts' in expenses

Rediff.com   9 Apr 2020

Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.

'Migration of workers should be over in 2-3 days': NDRF chief

'Migration of workers should be over in 2-3 days': NDRF chief

Rediff.com   30 Mar 2020

'We expect the movements to come down to a trickle or even to stop at all these places,' says NDRF DG Satya Pradhan.

PM's speeches to be part of reading material at quarantine centres

PM's speeches to be part of reading material at quarantine centres

Rediff.com   18 Mar 2020

'We regularly distribute the copies of these speeches to various dignitaries, as well as to schools and colleges on various occasions,' said a source aware of the development, and these could also be distributed at all the quarantine centres across the country.

As China shutdown intensifies, govt plans to rework supply chain

As China shutdown intensifies, govt plans to rework supply chain

Rediff.com   24 Feb 2020

To address the supply crunch, CII has suggested leveraging the existing excess capacity in the Indian industry; rolling back import duty hike to look for alternative sources of imports; expanding credit to manufacturing units with quick loan sanctions, and one-time emergency waiver of non-performing asset regulations for three months.

Why FinMin is worried about fund infusion for 3 insurance firms

Why FinMin is worried about fund infusion for 3 insurance firms

Rediff.com   13 Feb 2020

Since no insurance companies share data on their claims with each other, the finance ministry and Irdai suspect that a lot of the resultant claims are duplicates.

Do you know what Modi's AMs are, and what they do?

Do you know what Modi's AMs are, and what they do?

Rediff.com   8 Jan 2020

'The AMs are a different beast and reflect the political play within the government.' 'Prime Minister Modi does not need to assuage any interest group to take the final call on any decision that belongs rightfully to the Cabinet,' points out Subhomoy Bhattacharjee.

How both car owners and govt stand to gain from FASTags

How both car owners and govt stand to gain from FASTags

Rediff.com   9 Dec 2019

While the most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips, a PwC report says implementation of a pan-India electronic toll collection system on national highways may help save approximately Rs 87,000 crore annually.

Trouble brewing for India's GIFT City

Trouble brewing for India's GIFT City

Rediff.com   25 Nov 2019

At the end of October, Sri Lanka President Maithripala Sirisena handed over the deeds for the transfer of 116 hectares in Colombo Port City to China Harbour Engineering Company on a 99-year lease to build a financial centre.

How insurance brokers losing the game to technology

How insurance brokers losing the game to technology

Rediff.com   7 Oct 2019

The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.

Apart from INX Media, 2 other FIPB clearances that made noise

Apart from INX Media, 2 other FIPB clearances that made noise

Rediff.com   10 Sep 2019

Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.

Budget 2019: Centre's capex projected to rise to Rs 3.38 trillion in FY20

Budget 2019: Centre's capex projected to rise to Rs 3.38 trillion in FY20

Rediff.com   6 Jul 2019

As a percentage of the aggregate Budget expenditure, it is 12 per cent.

Modi 2.0 gets cracking, readies plan for quick results

Modi 2.0 gets cracking, readies plan for quick results

Rediff.com   17 Jun 2019

By creating groups of secretaries, the Modi government has precluded the need for groups of ministers, which were so ubiquitous in the first decade of this century in New Delhi. Each group will have a leader who will be expected to steer the schemes for implementation, cutting through the ministerial turf battles.

Forget tax cuts, Sitharaman advised against Budget sops

Forget tax cuts, Sitharaman advised against Budget sops

Rediff.com   11 Jun 2019

FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.

Will RBI cut rates on June 6?

Will RBI cut rates on June 6?

Rediff.com   16 May 2019

The RBI is understood to be dithering since it would want more clarity on the cost of the fiscal policies the new government would undertake before it decides to cut rates, even though it has pencilled in a lower gross domestic product growth rate for this fiscal year.

Modi-I has actually left the economy in good shape

Modi-I has actually left the economy in good shape

Rediff.com   15 Apr 2019

The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.

Road building in India is cheapest among Asian nations

Road building in India is cheapest among Asian nations

Rediff.com   2 Apr 2019

The results are likely to please the Indian government, which has been trying to impress on domestic and foreign investors about its efforts to improve the ease of doing business.

Energy is India's key challenge in 2019

Energy is India's key challenge in 2019

Rediff.com   15 Jan 2019

The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.

Chabahar Port: How India bypassed US sanctions on Iran

Chabahar Port: How India bypassed US sanctions on Iran

Rediff.com   17 Dec 2018

The government is buying out the shares of India Ports Global, which are now held in a 60-40 ratio by the JNPT and Deendayal Port Trust in Kandla.