UK's richest 10% took half of wealth from India during colonialism

The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to......

Aircraft from Vedic-era, not Wright Brothers: UP guv

Uttar Pradesh Governor Anandiben Patel has claimed that Vedic-era sage Bharadwaj, not the Wright Brothers, conceptualised the idea of an aircraft. IMAGE: Uttar Pradesh Governor Anandiben Patel.......

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......

Rediff's Wave Rider Retires!

After steering the Rediff mothership for close to 29 years, Ajit Balakrishnan, founder, chairman and CEO, did what few businessmen in this country do -- R-E-T-I-R-E. On August 2, 2024, we were......

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

'Out of the 20 trading days in January up to January 28, FIIs have sold shares on 19 of those days.''A notable question arises: when has there historically been such intense FII withdrawal? This......

India's gig economy may add 90 mn jobs, contribute 1.25% to GDP

The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum......

Bibek Debroy: A Guru I Could Look To

Bibek Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, chess and chemistry, and what......

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid......

Govt considers helping sprinter Chand in her case

The government on Friday said it will consider helping Odisha sprinter Dutee Chand in fighting her case against the world athletics governing body at an international sports tribunal in......