The report, which analysed the Income-Tax Returns (ITR) data, said that the Gini coefficient decreased to 0.489 from the Assessment Year 2013 (Fiscal Year 2012) to 0.460 in AY 2024 (Fiscal Year 2023).
The projections for AY 2025 suggest an even further reduction to 0.441, indicating a trend towards more equitable income distribution among individuals, shows SBI report. It also notes upward income mobility among lower-income taxpayers. In AY 2015 (Fiscal Year 2014), 43.6% of ITR filers earning under ₹4 lakh moved to higher income brackets.
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Denne historien er fra October 26, 2024-utgaven av The Morning Standard.
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CROSSING OVER
Devi Yesodharan's novel The Outsiders peels off the many layers of the complicated journey of migration and spotlights the shifting roles of women in contemporary migration stories
Allu Arjun's Pushpa 2: The Rule team wraps shooting
PUSHPA 2: The Rule is a few days away from release, and the makers unveiled a video on set declaring that the shoot is done.
Coach says youngest IPL star Vaibhav preparing for top-level grinds since he was 7
VAIBHAV Suryavanshi, 13, created history on Monday as he became the youngest player to earn an IPL deal worth ₹1.10 crore.
HALF A POINT FOR GUKESH
The Indian Grandmaster plays out a draw against Liren on second day of the championship
Kohli turns back clock at right time
AS Virat Kohli walked back, arms aloft, wearing the widest grin he had since that evening at Barbados on June 29, acknowledging the fans, his wife and teammates who had willed him on at the Perth Stadium on Saturday, he had reached a milestone that was long overdue—his 30th Test hundred and 81st international ton.
Ahead of ICC board meeting on CT, SL-A series in Pak postponed midway
THE timing could not have gone worse for the Pakistan Cricket Board. Only a few days before an important ICC board virtual meeting slated on November 29 to finalize the schedule of the Champions Trophy, the decision of the Sri Lanka A team to fly back home midway of the series due to political protests in Islamabad can further jeopardize Pakistan's chance of hosting the tournament.
NADA slaps 4-year ban on Bajrang for refusing to provide dope sample
THE Doping Agency (NADA) has banned Tokyo Olympic bronze medallist Bajrang Punia for four years after the Anti-Doping Disciplinary Panel found him guilty of violating its Rule 2.3 (\"Evading, Refusing or Failing to Submit to Sample Collection...\").
Adani shares fall after group firms' rating downgrades
ALL 10 listed companies of the Adani Group closed in the red on Tuesday following the recent US indictment of chairman Gautam Adani and several executives deepened.
Zomato CEO to forgo ₹3.5 crore salary till FY26
FOOD delivery platform Zomato's CEO Deepinder Goyal will forgo his annual salary of ₹3.5 crore until FY26.
PAN 2.0 project of Income Tax Dept: All you need to know
THE Union Cabinet has approved the PAN 2.0 Project of the Income Tax Department.
