Page 4 - Middle Class

The declining middle class leaves politics unruffled

The Congress and the united Opposition need to show economic leadership. They have described the symptoms of the economic crisis but failed to create a narrative that goes beyond it

Why urban families earning Rs 1L a month should be considered low income

Those who the govt thinks are rich are actually quite poor, and we need to rethink our notions of rich and poor for tax purposes

Cong questions govt over corp tax cut resulting in negative revenue impact

The Congress on Tuesday questioned the BJP government over corporate tax cut leading to a revenue loss of Rs 1.84 lakh crore while the middle-class was charged at the peak rate of 30 percent.

Whither the middle class?

How to arrest a worldwide decline

'Soaring prices' hurting middle class, says Congress leader Chidambaram

P Chidambaram on Friday highlighted the "plight" of the middle class due to rising prices of daily use items and said if such is their state, imagine the "terrible pain" of the poor families.

Only Congress governs for welfare of poor, middle class: Rahul Gandhi

Congress leader Rahul Gandhi on Sunday stepped up his attack on the government over the hike in price of domestic LPG cylinder, and said only his party governs for the welfare of poor and middle class families. Cooking gas LPG prices were on Saturday hiked by Rs 50 per cylinder, the second increase in rates in just over six weeks following the firming of international energy rates. Non-subsidised LPG now costs Rs 999.50 per 14.2-kg cylinder in the national capital, up from Rs 949.50 previously, according to a price notification of state-owned fuel retailers. In a tweet, Gandhi compared the price of domestic LPG cylinder of about Rs 410 with a subsidy of Rs 827 in 2014 under a Congress-led government to that of over Rs 999 with "zero subsidy" in 2022 under the BJP-led Centre. "2 cylinders then for the price of 1 now!" the former Congress chief said. "Only Congress governs for the welfare of poor & middle class Indian families. It's the core of our economic policy," he said. After

Middle income group purchases more gold in India, says report

The Gold and Gold Markets 2022 report by India Gold Policy Centre (IGPC) also said that people in the higher income group are interested in having the yellow metal in digital or paper format

These tech firms are taking the e-commerce battle to India's hinterlands

How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India

WFH rules helped middle class during Covid-19 pandemic, says PM Modi

"The rules framed for WFH during the corona period made the lives of the urban middle class much easier," Modi said

More than one billion Asians will join global middle class by 2030: Study

Bangladesh set to rise up the rankings fastest; India and China to add about three-quarters of a billion members between them.

Rahul slams Centre, says farmers, MSMEs, salaried class being demonetised

Gandhi on Wednesday alleged that the Central government has "demonetised" farmers, labourers, small and medium businesses, salaried class, and honest industrialists

Jobs lost, income cut: How Covid-19 financially dented India's middle class

For Indians who had newly joined the growing middle class, the economic crisis following the pandemic has dealt a severe blow

Jobs lost, middle-class Indians line up for rations and 'worry about meals'

More than 15 million Indians lost their jobs in May alone; legions of them see their economic toehold ripped away in lockdowns.

Middle class consumption will create $15 trn Indian economy: Gautam Adani

Group's focus is on creating long-term sustainable value, says businessman

The discovery of Modi's India

Narendra Modi's is not a picture of a leader concerned about the well-being of the country he governs but of fulfilling a personal and political agenda in spite of it

In a historic setback, millions are tumbling out of the global middle class

Nearly 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades

Bottom-of-the-pyramid once again in focus

The coronavirus pandemic-led economic shock just shrunk the lucrative middle class market by 32 million people, according to a recent report by the Pew Research Centre based on the World Bank data

Indian middle class shrinks by 32 million due to Covid-19 pandemic: Pew

Report shows the size of global middle class fell for the first time since 1990s

633,000 'New Middle Class' households In India: Hurun India report

These households have average saving of Rs 20-lakh per annum and allocate mostly towards physical assets such as primary residential property and automobiles

Top headlines: Cabinet approves bill to set up DFI, Nokia to cut10k jobs

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