All stories by Subhomoy Bhattacharjee
Will IFSCA be the boss of India's financial markets?Rediff.com11 Aug 2020
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously Sebi and the RBI with carve-outs for IRDAI or possibly PFRDA. But this could change soon with the International Financial Services Centres Authority, observes Subhomoy Bhattacharjee.
Was this why Murmu was moved out of J&K?Rediff.com10 Aug 2020
G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.
How EC plans to hold Bihar poll amid COVID-19Rediff.com20 Jul 2020
'How do you apply indelible ink without coming into contact?' 'There have to be options for other activities like casting of vote where you press a button and that of the signature identifying oneself.' 'None of our procedures should lead to exposure to infections.'
Covid-19: With great power comes great responsibilityRediff.com18 Jul 2020
Cities are setting the rules that now carry life and death implications for their residents, and most of these rules are sought to be set by the municipal authorities who have never wielded such power, reports Subhomoy Bhattacharjee.
China could do a naval blockade in Indian Ocean nextRediff.com3 Jul 2020
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
How Railways is ferrying 10 mn workersRediff.com15 May 2020
Ferrying migrant workers back to their states would be the largest special service by any railway network in the world in one go. Here's how the transporter manages it.
Finance Ministry, LIC start contact tracing to assess Covid-19 aidRediff.com13 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 worseRediff.com4 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 expensesRediff.com9 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 chiefRediff.com30 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 centresRediff.com18 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.
Why FinMin is worried about fund infusion for 3 insurance firmsRediff.com13 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?Rediff.com8 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 FASTagsRediff.com9 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 CityRediff.com25 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 technologyRediff.com7 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 noiseRediff.com10 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 FY20Rediff.com6 Jul 2019
As a percentage of the aggregate Budget expenditure, it is 12 per cent.
Modi 2.0 gets cracking, readies plan for quick resultsRediff.com17 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 sopsRediff.com11 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?Rediff.com16 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 shapeRediff.com15 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 nationsRediff.com2 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 2019Rediff.com15 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 IranRediff.com17 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.
Why is govt taking pangas with RBI, CBI etc?Rediff.com23 Nov 2018
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
What exactly transpired at Monday's RBI meetRediff.com20 Nov 2018
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
Lehman@10: Lessons India failed to learn from the crisisRediff.com24 Sep 2018
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
Jaitley plans to cut ministries' spendingRediff.com22 Sep 2018
It would be difficult to stick to the Budget numbers unless the departments are reined in their expenditure plans.
Why car insurance cos are seeking more time to comply with SC ordersRediff.com13 Aug 2018
At its heart, the issue is more than compliance. It is the risk of possible breakdown of a strong nexus between insurance firms and motor car dealers that makes the business the top earner for the former.
Govt likely to cut excise duty on fuelRediff.com23 Apr 2018
The recommendation to slash duty was made by the Bharatiya Janata Party to ease retail prices of petrol and diesel.
Why insurance firms are renegotiating rates for bank directors' indemnityRediff.com16 Apr 2018
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
The case that can bring Nirav Modi back to IndiaRediff.com10 Mar 2018
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
Over-zealous staffer may have caused Nirav Modi's fallRediff.com19 Feb 2018
The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.
'PM Modi's healthcare plan is a welcome but interim measure'Rediff.com14 Feb 2018
There is a large population standing outside the coverage of primary healthcare, says Praveen Gupta of Raheja QBE.
No simultaneous polls without 5 Constitutional amendments, says ECRediff.com11 Feb 2018
The views were asked for by the law ministry as part of a Cabinet note on the subject.
Merger plan for 3 insurance majors shows govt concern over tackling ModicareRediff.com4 Feb 2018
The change in policy for the three companies, from listing to merger, shows the level of discomfort within the government about their ability to take on the expanded load for insurance coverage with their current financial strength, including the massive premium and claim settlement cover under the proposed universal health coverage plan announced in Budget 2018.
Govt readies sweeping reforms for PSBsRediff.com19 Jan 2018
The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
Budget 2018: Good news for health insurance likelyRediff.com15 Jan 2018
Govt could cut the GST rate payable every time someone buys a health insurance product; or it could also provide a larger income tax set off for those who buy a health insurance product
No big-bang measures expected in Budget 2018-19Rediff.com11 Dec 2017
Pensioners, India Inc may get tax breaks in Budget