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Thomas Piketty

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Richest 10% Hold 65% of India's Wealth

A larger part of India's population was in the middle 40 per cent of the national income share in 1980. Today almost all are in the bottom 50 per cent. Kindly note that this illustration generated......

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......

New Rural Jobs Bill Sparks International Concern

'Previously, contributing only 25 per cent of material costs, states now face burdens of 40 per cent to 100 per cent of total costs, ensuring poorer states will curb project approvals, directly......

'For The First Time, We Will Be Able To Say A Particular Caste Is More Backward Than The Other'

'For the first time in this country, perhaps the first time anywhere, we are going to use backwardness index.''It is a fundamental shift in the discourse in the country's social justice.' IMAGE:......

'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,......

Higher tax will drive capital away, says CEA V Anantha Nageswaran

Nageswaran said the reduction of poverty, and not income inequality, is the litmus test of equitable growth. Illustration: Dominic Xavier/Rediff.com Taxing capital less may not lead to more......

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......

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......

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