Page 7 - Abhishek Waghmare

Statsguru: Rough terrain for states amid slowing economy hit by Covid-19

In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount

In a first, UPI transactions exceed ATM cash withdrawals, courtesy pandemic

But while cash withdrawals and dealings are declining, there has been a 20% YoY spike in the quantum os notes and coins help with the public

States cut FY20 capital expenditure by 0.6% of GDP, says RBI study

The cut in capex in FY20 was so big that the rate of capital spending to GDP dropped from the 2018-19 levels for all states

Heavy rains hit onion crop; damage may keep inflation elevated for longer

Onion is cultivated three times a year - rabi season (March-May), kharif (October-December), and late kharif (January-March)

Statsguru: Jobs situation before Covid-19 hit India's slowing economy

The most recent data pertains to the July-September 2019 quarter. At that point of time, India's gross domestic product growth was on a decline for more than a year

Massive lags, cost overruns and a tale of India's plagued infra projects

Covid-19 has affected the addition of new projects, but that may act as a breather in making good the massive shortfall in implementation

Retail inflation at 8-month high in September; August IIP in negative zone

Industrial activity bore the brunt of localised lockdowns and work restrictions in August, chipping away nearly a tenth of the factory output

Stimulus 2.0: FM bets on demand gain for revival. Will the needle move?

The LTC tweak and festival advance will nudge government employees to spend Rs 36,000 crore extra this year

Industrial recovery slow as manufacturing leads 8% fall in August IIP

Though September high-frequency indicators offer hope, August IIP data shows well performing FMCG sector went from green to red, while recovery turned stale for primary goods

Statsguru: Bulls on Dalal Street once again back in the driver's seat

The benchmark S&P BSE Sensex rallied nearly 10 per cent in the past 10 trading sessions and regained the psychological 40,000-mark after over seven months

Monetary policy review: RBI expects 'modest' recovery in Jan-March

As growth recovers, the MPC said inflation would moderate towards the range 4.5-5.4 per cent in the remainder of FY21.

Cash-to-GDP ratio could hit 14-15%, the highest since independence

This is assuming 10% contraction in India's nominal GDP; currency with public crossed Rs 26 trillion in mid September

Reformist farm laws that dent status quo have strong basis in data

Numbers show why Punjab and Haryana farmers are leading the protests, and why the rest of India is largely silent; experts and farm leaders say success of the laws rests heavily on implementation

Statsguru: From bottled water to subsidised food, life in national capital

Majority of households in Delhi have access to tap water, shows survey

Covid-19 pandemic pushes Union govt's debt past Rs 100-trillion mark

Sudden jump of Rs 7 trillion in Q1 pushed debt to record; enhanced borrowing this year will add to the debt stock by FY21-end, weakening its sustainability

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

Govt presents first batch of supplementary demand for grants: An explainer

The demand is to spend an additional Rs 2.36 trillion in FY21

EPF interest rate, 10-year govt bonds spread at 16-year high of 2.5%

Bond yield drop may make it tough for EPFO to keep interest rate at 8.5%

High food prices keep India's retail inflation above 6% in August

Wholesale inflation rises above 0 after 4 months

Statsguru: Farm activity to MGNREGA wages, monsoon 2020 gives hope

Rains do swivel between normal, deficient and excess across years, but good rains in times of severe contraction in the economy are a big relief