New Delhi, June 1 (IANS) As Karachi’s summer heat tightens its grip every June, Hina’s living room turns into a monthly budgeting war room. The old pedestal fan circulates hot air while her son wipes sweat from his forehead doing homework on the sofa, a report has said.On the table lies an electricity bill folded several times over, while her husband silently scrolls through air-conditioner prices on shopping apps, comparing installment options they still are not sure they can afford, accord…
Latest Middle Class News & Updates
Kathmandu, May 29 (IANS) Nepal’s Finance Minister, Swarnim Wagle, on Friday announced major tax relief measures targeting the middle class, mirroring steps taken by the Indian government in February 2025. Presenting a budget of NPR 2.124 trillion for the fiscal year 2026-27 at a joint session of Parliament, Minister Wagle said the government has raised the income tax exemption threshold for individuals to NPR 1 million. Currently, individuals earning more than NPR 500,000 annually are required t…
New Delhi, May 17 (IANS) Pakistan’s upcoming federal budget is likely to reflect an economy constrained by prolonged stabilisation policies, weak revenue generation and growing dependence on externally driven reforms, according to a recent economic analysis that warns the country risks slipping into a low-growth equilibrium without major structural recalibration.According to the analysis by Sakib Berjees, the country’s economic model has become heavily centred on stabilisation measures, with…
Thiruvananthapuram, May 15 (IANS) Senior CPI(M) leader and former Kerala Chief Minister Pinarayi Vijayan on Friday launched a sharp attack on the Centre over the latest increase in fuel prices, describing the move as a cruel betrayal of the people at a time when inflation and rising living costs are already pushing ordinary families into severe financial distress.In a strongly worded statement, Vijayan accused the Union government of imposing an additional burden on common citizens instead of of…
Gandhinagar, April 1 (IANS) The Gujarat government has removed the mandatory 30-day notice period for specific land and property transactions. Same-day certification will now be provided in undisputed cases, while timelines for transactions requiring review have been shortened. The changes aim to reduce delays and prevent fraudulent objections.State spokesperson Jitu Vaghani stated that these changes were made by amending Section 135-D of the Land Revenue Act, 1879, to simplify revenue procedure…
Bhubaneswar, Feb 1 (IANS) Odisha Pradesh Congress Committee (OPCC) President Bhakta Charan Das on Sunday strongly criticised the Union Budget for the 2026–27 financial year, presented in Parliament, describing it as ‘anti-people’ and ‘directionless’. Speaking to media persons, Das also alleged that the Union Budget tabled in Parliament by Finance Minister Nirmala Sitharaman primarily benefits a “handful of industrialists” while neglecting the needs of farmers, women, youth, the poo…
New Delhi, Feb 1 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Sunday criticised the Union Budget 2026-27, accusing the government of being disconnected from the country’s pressing economic and social challenges.In the response to the Budget, Gandhi said it had failed to address key issues confronting the nation, including unemployment, slowing manufacturing growth, capital outflows, declining household savings, and agrarian distress.”Youth without jobs. Falling manufacturing….
New Delhi, Jan 16 (IANS) In Pakistan, the phrase “the 22 families” has been a prominent part of public discourse for decades. It resurfaces time and again, echoing a sentiment held by many that an alarming amount of wealth and power is concentrated in the hands of a small few.However, the point isn’t necessarily about the identities of these families. Rather, the real concern lies in the repeated nature of this phenomenon and why it remains so resistant to change, an article in Pakistan’s Th…
New Delhi, Jan 8 (IANS) Pakistan’s Household Integrated Economic Survey (HIES 2024-25), released on January 2 this year, indicates a significant increase in household food insecurity, with roughly one in four persons experiencing moderate-to-severe food insecurity in 2024-25, compared to about one in six in 2018-19, according to an article in the Pakistani media.Moderate-to-severe food insecurity rose by 8.43 per cent during this period, going from 15.92 per cent in 2018-19 to 24.35 per cent i…
New Delhi, Dec 30 (IANS) Economist and former President of the Institute of Chartered Accountants of India (ICAI), Ved Jain, on Tuesday said that allowing 100 per cent foreign direct investment (FDI) in the insurance sector will prove to be a positive step for India’s economy and consumers.Speaking to IANS, Jain said that in developed countries, FDI in insurance has not created problems; instead, it has increased competition and improved services.“With 100 per cent foreign investment, compet…