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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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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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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New Delhi, Nov 17 (PTI) Finance Minister Nirmala Sitharaman on Sunday responded to an X user seeking tax relief for the middle class, saying the Prime Minister Narendra Modi-led government attends to people’s concerns. “PM @narendramodi’s government is a responsive government. Listens and attends to people’s voices. Thanks once again for your understanding. Your input
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