Finance Minister Piyush Goyal on Friday doled out tax sops to middle class including doubling of income tax exemption limit to Rs 5 lakh and raising standard deduction to Rs 50,000, and provided concessions on interest income from bank deposits and rent.
Budget 2019 in graphics: Narendra Modi govt steps up rural funding in last budget before Lok Sabha elections, deficit rises
The Interim Budget presented by Finance Minister Piyush Goyal unveiled an interim budget with giveaways for rural citizens and tax benefits for the middle class, in what is being seen as a critical test for Prime Minister Narendra Modi, who is facing anger over depressed farm incomes and unemployment with a general election just months away.
Budget 2019: Benefits, quota skewed towards minorities, 'majority' middle class ignored; will Jaitley remedy this?
What is worse is that the middle class which can invest in education finds that the quality of education in schools is so poor that the educated cannot find jobs very easily.
Amrita Mahale on her debut book Milk Teeth, Mumbai's redevelopment and finding the courage to tell her story
Mahale conceived Milk Teeth around a prophecy but the story slowly evolved into a look at middle-class society and all the privileges that this group internalises, its inflated sense of self-worth, the need to move forward and the kind of pressures that are put on members of this community
Middle class losing patience with Modi govt; BJP's declining hold in urban seats shows group feels neglected
The urban middle class saw in Narendra Modi a leader who could fulfil their aspirations. But there is now an overriding impression among them that the prime minister has taken them for granted, perhaps driven by a belief that they have no other alternative.
In an exclusive interview with CNN-News18, Finance Minister Arun Jaitley dismissed the charge of Budget 2018 being unfavourable for the tax-paying middle-class Indians.
Budget 2018: Middle class may be angry with Modi but Rahul Gandhi forgets Manmohan era Sensex crashes
If Sensex crashes are to be seen as ‘no-confidence’ motions then Manmohan Singh should have resigned five times over in 2008 alone.
More tax breaks for middle class likely in Budget as finance ministry mulling hike in exemption limit
In the last Budget, Finance Minister Arun Jaitley left the slabs unchanged but gave marginal relief to small tax payer by reducing the rate from 10 percent to 5 percent for individuals having annual income between Rs 2.5-5 lakh.
From being the only option to being the best bet, decline in Narendra Modi's following is bad news for BJP
Narendra Modi's vacillation stems from the insecurity and the realisation that he is close to missing a chance to consolidate an impressive mandate
Gayatri Jayaraman's 'Who Me, Poor?' is a continuation of the ideas she expressed in her BuzzfeedIndia essay about the 'urban poor'
regardless of the validity of GDP figures, jobs are being created in the economy. The government's efforts to generate employment opportunities in rural areas seem to have been paying dividends.
As for the middle class, the bulwark of India’s economic growth, there is little to cheer in the tax proposals which Jaitley outlined his Budget proposals for 2017-18
Union Budget 2017: Focus on 'welfare schemes' sends right message, it's now up to BJP to convince voters
The Narendra Modi-led BJP government has succeeded in giving a political message through the Union Budget 2017 — it is pro-poor and is inclined to give special thrust to the welfare of the underprivileged and marginalised sections of the society.
The media, particularly the national media and especially the English media, do not report stories on dowry deaths any longer.
Modi had branded himself as the champion of a neo-liberal middle class. The latest revisions prove that he has no dogmatic belief in any ideology. He is rather a pragmatist who is solely focused on getting re-elected in 2019.
Dr Subramanian Swamy was true to character when he launched a blistering personal attack on Raghuram Govind Rajan about a month ago
One of the first things that Mamata said in the press conference that followed her thumping victory is that people has given a befitting reply to forces which wanted to vilify her. Today, not many can cross swords with her.
We will continue to have a large 'black' economy, as long as other Indians don't pay tax. Our behaviour has to change if we are to make our country great.
Imagining life in Delhi after 1 Jan: Odd-Even formula will make the 'India we don’t live in' more visible
The Delhi government’s policy will compel car-owners to take the public transport to their offices every alternate day. It will undeniably diminish the importance of car as a status symbol.
ICRA draws attention of the policymakers to a depressing Indian reality -- all home loan takers are in the organised sector.