Taxing ultra-wealthy can boost GDP by 2.73%: Piketty-backed Study

India needs to impose a 2 percent tax on net wealth exceeding Rs 10 crore and a 33 percent inheritance tax to deal with the problem of rising inequality in the country, a new research paper......

Remembering The Day JFK Died

On a sunny Texas day in November 60 years ago, President John Fitzgerald Kennedy, the president of the United States, and his elegant wife Jacqueline Lee 'Jackie' Bouvier Kennedy touched down in......

The A-W Of Desi Guests At the White House Dinner

The dinner Jill Biden and her husband US President Joe Biden hosted for Prime Minister Narendra D Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments,......

US ex-defence secy, architect of modern Indo-US security ties, Carter dies

US former defence secretary Ashton Carter, considered to be the architect of modern India-US security partnership, has died. He was 68. In a tribute, President Joe Biden called him a “born......

Top 1% Indians Earn 23% Of Income

Wealth, which can broadly be a measure of assets held as opposed to income earned, is unequally distributed. Illustration: Dominic Xavier/Rediff.com   India's richest people now have a larger......

India's richest 1% holds 40% wealth, says study

Inequality in India has skyrocketed since early 2000s, with the income and wealth share of top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according......

Reports of coal crisis baseless: Sitharaman

Amid reports of the ongoing coal shortage in the country, Finance Minister Nirmala Sitharaman stressed that there is no shortage and termed these as “absolutely baseless”, saying India......

India looks at close to double digit growth this year: Sitharaman

India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. IMAGE: Finance Minister......