Income Mismatch

Modi govt intends to put India in high-income category, says Kiren Rijiju

Union minister Kiren Rijiju on Thursday said the focus of the Narendra Modi government in its third term would be on putting India in the higher-income category for it to be counted amongst the developed countries of the world. In a video interview, Rijiju told PTI that a per capita income of USD 18,000 would be required for India to be counted among the world's developed countries and it would be the Modi government's endeavour in its third term to put the nation in the higher-income category. He said despite lagging on many counts, the prime minister's "aggressive and inspiring" leadership has catapulted India into another league in the global comity of nations. "The whole world looks at India as a leader except that we are not a high-income country yet. But our status has reached here," the Bharatiya Janata Party (BJP) leader said. Rijiju slammed the previous Congress governments for "not delivering" on basic necessities, such as toilets, bank accounts for people, food security,

Avoiding the middle-income trap

Unless substantial reforms are undertaken to improve India's freedom rankings, it may remain stuck within the Upper-Middle-Income range beyond 2030

Income mismatch probe: 5,000 companies under tax department lens

The Central Board of Direct Taxes has directed its tax sleuths to intensify enforcement action and launch search-and-survey operations against these firms

Letter to BS: Dissecting income distribution in India over past 36 years

More publicity needs to be given to this shameful deterioration in the income share of the bottom 90%

Taxpayers get relief for income mismatch

However, CBDT has said if any item hasn't been reported, there will be an adjustment