middle class

Congress slams govt on ‘skyrocketing’ price rise, takes swipe over ‘achche din’ promise
Rising inflation is taking a toll on Indians, particularly in rural areas, due to a combination of factors, including stagnant incomes and increasing living costs. (Photo: PTI)

Congress slams govt on ‘skyrocketing’ price rise, takes swipe over ‘achche din’ promise

New Delhi, Aug 24 (PTI) The Congress on Monday attacked the Centre over “skyrocketing” inflation and asked the Modi government, which claims to have ushered in “achche din,” to explain how the poor and middle class make ends meet. Congress general secretary in-charge communications Jairam Ramesh shared a media report which stated that like sugar,

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How income tax rate tweaks will boost middle class spending
Retired woman managing on a low income. (Photo: Getty Image)

How income tax rate tweaks will boost middle class spending

NEW DELHI, Feb 1 (Reuters) – The Indian government on Saturday announced the biggest income tax relief in at least a decade to boost consumer demand to revive growth in the world’s fifth-largest economy, giving a huge relief to millions of households grappling with high inflation. India’s economic growth is expected to slow to a

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Govt considers cutting personal income tax to lift consumption, sources say
Shoppers walk inside a shoe store at a market area in New Delhi, India, July 23, 2024. REUTERS/Priyanshu Singh/File Photo

Govt considers cutting personal income tax to lift consumption, sources say

NEW DELHI, Dec 26 (Reuters) – The government is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February’s budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers,

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Urban middle class ‘shrinking’, when will PM recognise this reality: Congress
The urban middle class, or the salaried individuals, is significantly affected due to high inflation.

Urban middle class ‘shrinking’, when will PM recognise this reality: Congress

New Delhi, Nov 27 (PTI) The Congress on Wednesday flagged major economic challenges that have affected consumption patterns and pointed to a “shrinking” urban middle class, asking when will Prime Minister Narendra Modi recognise this reality. Congress general secretary in-charge communications Jairam Ramesh said that in the last few weeks, multiple leading lights from India

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