scorecardresearch
Thursday, March 28, 2024
TopicRich

Topic: Rich

India’s affluent likely to number 100 mn in next 3 yrs, says Goldman Sachs, cites increase in assets

The Rise of Affluent India report noted that the affluent segment — roughly 4% of India’s working-age population — has expanded 12 times faster than overall population in past 4 years.

Pakistan’s plight isn’t solely because its elite are corrupt. Their values have failed too

Stop blaming the world for Pakistan’s problems. You cannot hate the West and also supplicate it for bailouts or apply for immigration. We are authors of our own misfortune.

Why Oxfam report on inequality in India doesn’t add up — old data, unlikely tax burden on poor

It's hard to reconcile how bottom half of population makes up 64% of taxes on food & non-food items when most are either exempt, bought once in a few years, or not bought by poor.

Where are India’s missing millionaires? Big numbers of rich don’t tally with income, spending data

There were 7.64 lakh dollar millionaires in India in 2019 according to Credit Suisse, but in the same year, just 3.16 lakh people in the country declared income of over $70,000.

The super-rich are buying luxury online like never before

It’s not just the number of online auctions that has risen. Buyers’ price thresholds have shot far beyond anyone’s expectations.

A home-coming tip for rich, unapologetic billionaires like Vijay Mallya

If Vijay Mallya wants to redeem himself, he can't be the king of good times anymore. .

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Tejas Mk-1A carries out maiden flight but delivery to IAF delayed. Here’s why

According to contract for 73 Tejas Mk-1A and 10 trainer aircraft, inked on 1 February 2021, the first Tejas was to be delivered within three years of signing the deal — February 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.