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INDIA MIDDLE INCOME TRAP
War in the Middle East is making clothes more expensiveThe ongoing conflict in Iran is causing significant disruptions in global apparel supply chains.14 Sep, 2026, 11.48 AM IST- Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...14 Sep, 2026, 07.00 AM IST
- Brookfield looks to buy PGP Glass for up to $1.5 bn from BlackstoneBrookfield is negotiating to acquire PGP Glass from Blackstone for $1.3 billion. This deal marks a significant transaction between two majo...14 Sep, 2026, 05.30 AM IST
- Quote of the day by Virginia Woolf, 'To depend upon a profession is a less odious form of slavery than to depend upon a father' teaches powerful lesson on financial independence, career, self-reliance, why earning mattersQuote of the day by Virginia Woolf remains powerful because it asks a timeless question: how much control do we have over our own lives? He...13 Sep, 2026, 11.10 PM IST
- India’s new middle class money problem: Rs 50 lakh net worth by age 30, but he still feels poor. Financial skill issue or mindset problem?A 30-year-old married man and his wife have built a combined net worth of Rs 50 lakh and earn around Rs 2.2 lakh a month, yet he says he st...13 Sep, 2026, 06.03 PM IST
- Venus has a deadly heat blanket that Mercury never had. Why the planet farther from the Sun became the hottest world in our solar systemMercury is closer to the Sun, but Venus is the solar system's hottest planet. Venus possesses an extremely dense carbon dioxide atmosphere ...12 Sep, 2026, 07.35 PM IST
- Taxable income below Rs 12 lakh: Will you pay zero income tax if this income includes LTCG and STCG for Tax Year 2026-27?Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, rema...12 Sep, 2026, 02.37 PM IST
- Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...12 Sep, 2026, 11.13 AM IST
- ₹2.5 lakh salary but 84% vanishes before month starts: 29-year-old married Bengaluru professional shares what looks like a story of every third corporate workerDespite a monthly income of ₹2.5 lakh, a Bengaluru professional finds himself under financial pressure due to hefty EMIs and credit card pa...12 Sep, 2026, 10.29 AM IST
- What does ‘middle class’ really mean in India? Even Rs 2.5 lakh monthly earners say they are not ‘rich’. 3 factors can explain whyWhat does it actually take to be considered rich in India? A monthly income of Rs 2.5 lakh may sound high, but for many people it still doe...11 Sep, 2026, 10.46 PM IST
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...11 Sep, 2026, 02.38 PM IST
- Salary jumped from Rs 50,000 to Rs 1.5 lakh? CA warns you may be upgrading the wrong things and falling into a wealth trapCA Nitin Kaushik warns that a higher salary does not automatically create wealth if expenses rise alongside income. He advises upgrading fi...10 Sep, 2026, 04.12 PM IST
- Two incomes, Rs 3 lakh a month, yet financial freedom feels distant: The double-income trapA Gurgaon-based founder has sparked an online discussion about why a household earning Rs 3 lakh a month may still struggle to feel financi...08 Sep, 2026, 05.57 PM IST
- Science says carnivorous plant Venus Flytraps don’t snap shut every time something touches them: Here’s the clever reason whyInside the Venus flytrap’s two-lobed trap are specialized trigger hairs that act as mechanosensory structures. When an insect bends one of ...07 Sep, 2026, 09.11 PM IST
- Satya Niketan building collapse: Verbal spat between NSUI-ABVP workers at rescue site as Vinod Jakhar alleges BJP MLA linksThree people died and nine were rescued after a building collapse in Delhi. Rescue operations are ongoing with NDRF and fire department tea...07 Sep, 2026, 06.29 PM IST
- Piyush Goyal urges innovators to build social solutionsPiyush Goyal encouraged innovators to create affordable, sustainable social impact solutions. He highlighted lake cleaning initiatives in h...07 Sep, 2026, 12.01 AM IST
- Nepali woman found alive days after family began mourning ritesRescuers found Chandika Kumari Shrestha alive after ten days in Nepal's devastating floods. She survived in a narrow pocket of air inside h...06 Sep, 2026, 07.08 PM IST
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