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03Jun 2025

Trump’s Tax Plan May Hurt the Poor

Trump’s Tax Plan May Hurt the Poor Why in the News? The U.S. Congress is debating President Trump’s new tax and spending bill, which includes tax breaks on tips. However, analysts warn that low-income Americans may face a net income loss due to social program cuts. The Trump tax plan, proposed by the GOP (Republican …

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01Feb 2025

Household Consumption Survey Reveals Economic Inequality Decline

Why in the news? The Ministry of Statistics and Programme Implementation released the 2023-24 Household Consumption Expenditure Survey, highlighting reduced urban-rural consumption gaps, declining Gini coefficients, and improved economic well-being across India, reflecting increased economic inclusivity and balanced development. Urban-Rural Consumption Gap: The urban-rural consumption disparity has declined across major states, indicating balanced economic growth. …

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29Apr 2024

“ADDRESSING INEQUALITY: EXPLORING MEASURES FOR EQUITABLE GROWTH IN INDIA”

Syllabus: GS-3-Inequality in India and its impact Focus : Top of Form Income inequality in India is stark, with the top 1% owning 22.6% of national income and 40.1% of wealth in 2022-23. From 1990 to 2022, the number of very high net worth individuals rose from 1 to 162, while income tax filers increased …

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