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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......

Biden nominates LA Mayor Eric Garcetti as envoy to India

United States President Joe Biden on Friday nominated Los Angeles Mayor Eric Garcetti as his ambassador to India. IMAGE: Eric M Garcetti has been the mayor of the City of Los Angeles since 2013,......

What makes Eric Garcetti the right pick as US envoy

He has Biden's ear and because of the past relationship, Biden will actually listen to him, unlike some past residents of Roosevelt House, notes Aditi Phadnis. IMAGE: Los Angeles Mayor Eric......

2016 breaks record for hottest year ever

The year 2016 was officially the Earth's warmest since record-keeping began in the 1880s, the World Meteorological Organization announced on Wednesday. According to the US National Oceanic and......

Jagdeep Dhankhar, once a 'reluctant politician' to VP

Once a "reluctant politician", Jagdeep Dhankhar's reemergence in the political scene in 2019 as West Bengal governor surprised many, so has his rise to the office of the Vice President of India.......

Over 85% Billionaires Are Upper Castes

While other backward classes had a share of 9 per cent, there were no scheduled tribe billionaires. Illustration: Uttam Ghosh/Rediff.com Caste shows, even in riches. More than 85 per cent......

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......

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......

Raghuram Rajan, SBI chief among most influential policy makers

Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation. He stabilised the......

Top executives earn 3,000 times more than average staff

The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering,......

'I Feel Like I Have Lost My Father Again'

'After Om's untimely demise, he would call us every Sunday for the next two years to ask, "How are you doing my dear? How's the young fella?"' IMAGE: Shyam Benegal with Om Puri on his son Ishaan's......

Vote for the sexiest Hollywood sisters!

Sometimes sexuality lies so deep in the genes it spills over. Here then are some of the world's hottest sister-pairs. Feel free to drool all over them and then vote for who you feel is the......

'I said no to a lot of big films because...'

'...it didn't make sense to me.''If the character was not adding (to the story), I wasn't interested.''The reason why I chose to act is because of the way it makes me feel when I'm acting, not for......

'I don't believe in marriage for religious reasons'

'Marriage is a practical solution in terms of bureaucracy, but it's not a real validation of whether your relationship is successful or not.' Photograph: Kind courtesy Kalki Koechlin/Instagram "My......

Psst! Wanna buy an Oscar?

You win an Academy Award. You make a speech, walk off the stage with your statue, bring it home, and you put it on the mantle. Very cool. But what if someday you wanted to--or worse, needed......

India 1-2 in Club Throw; Dharambir smashes Asian mark

IMAGE: Dharambir is the first Indian to win a gold medal in the men's Club Throw F51 event at the Paralympics. Photograph: All India Radio/X India's Dharambir shattered the Asian record to......

Wheelchair bound Soorma aims for Paralympic gold

Photograph: Kind courtesy Pranav Soorma/X It's not often that a person paralysed by a life-altering accident would describe that tragedy as a "blessing in disguise" or "an opportunity" to carve an......

From beard to hairstyle, club-thrower Pranav and father Sanjeev share an unshakeable bond

IMAGE: Paris Paralympics Silver Medalist Pranav Soorma receives a warm welcome on his return to the country, at IGI Airport in New Delhi. Photograph: ANI Photo Club throw silver medallist at the......

Sprinter Jyothika eyes medal in 2028 Olympics

IMAGE: Jyothika Sri Dandi, right, secured 97 per cent in Class X while studying at the Montessori School at her home town. Photograph: Kind Courtesy AFI/X An academically-inclined child is a......

French Open Day Eight Images

Four-times champion Rafael Nadal was knocked out in the fourth round of the French Open on Sunday, beaten 6-2, 6-7, 6-4, 7-6 by Sweden's Robin Soderling in one the biggest shocks ever seen at......

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