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Thomas Piketty

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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......

'Taxing Billionaires Is Not A Bad Idea'

'If we want real democracy, the economy itself will need to be democratised.' IMAGE: Senior Bharatiya Janata Party leader Narendra D Modi holds a roadshow for the Lok Sabha elections in Varanasi,......

Why the Poor vote for Modi, and Rich vote for Left

Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan. Illustration: Dominic Xavier/Rediff.com   Some decades back the typical voting pattern in......

Jaipur Literature Festival kicks off at Diggi Palace

Soulful strains of classical music wafted through the chilly air as the ninth edition of the Zee Jaipur Literature Festival kicked off in Jaipur on Thursday at its usual venue, the sun-kissed Diggi......

'There will be social unrest in India'

'Growth is predicated on the misery of large sections of people.' 'Maybe Hindutva will be used to suppress any such unrest. Maybe this is the agenda of rising fascism in India. 'Modi wants the......

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......

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......

Are Wealthy Indians Paying Less Tax?

While movie stars like Akshay Kumar, Amitabh Bachchan and Salman Khan are among the top I-T payers, very few of the wealthiest Indians figure on the list. Illustration: Dominic Xavier/Rediff.com......

India among the world's most unequal nations: Report

India stands out as a poor and very unequal country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent,......

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