The I-T department released statistics for assessment year 2015-16 showing that 59,830 individuals with gross total income of over Rs 1 crore had a cumulative income of Rs 1.54 lakh crore.
The number of ultra rich in the country is expected to reach 3,72,000 while the total household income is likely to grow by 7.5 percent annually to touch $7.1 trillion by 2022, a Credit Suisse report said.
India is home to the fourth largest population of millionaires in the Asia Pacific region with 2,19,000 ultra-rich individuals with a combined wealth of $877 billion, says a report.
Prime Minister Narendra Modi’s massive push for affordable housing for the country’s billion plus population will unleash a staggering Rs 84 lakh crore in investments over the next seven years, a recent report has said.
A total of 125 crorepatis -- multi-millionaires -- are contesting in the second phase of the Assam assembly elections. The richest among them is All India United Democratic Front founder Badruddin Ajmal with assets worth Rs.54 crore.
New Delhi: The Robin Raina Foundation (RRF), announced to build 6000 homes for the slum dwellers that are homeless in India.According to the media reports, the initiative will be the largest private charity in the
New Delhi: India will be home to 4.37 lakh millionaires by 2018 with the count doubling by 2023, as a rapid rise is expected in the ultra-rich population over the coming 10 years — making
Katihar: How many times have you heard of a case where a millionaire was found indulging in petty theft? Chances are very scarce. A Millionaire, even if he is a conman, normally uses his assets
Mumbai: "The year 2014 was like a workout for me" says Oscar winning composer A.R.Rahman, who has given music for as many as twelve films including some Hollywood projects this year.He has also composed music
Los Angeles: Double Oscar winning Indian composer A.R. Rahman is once again in the race for an Academy Award. Among the 114 scores in contention for a nomination in the Original Score category for the
Srinagar: A million voters will get to decide the political fate of 123 candidates who are in the fray in the first phase of the Jammu and Kashmir assembly elections to be held Tuesday.Poll campaign
London: Comedian Russell Brand and fashion designer Vivienne Westwood joined thousands of anti-capitalism protesters at Million Mask March here.The masked demonstrators descended on Westminster for a Bonfire Night protest Wednesday, which was orchestrated to cause
London: Irked over the participation of Pakistan People's Party (PPP) chairman Bilawal Bhutto in the march to highlight the contentious Kashmir issue, mob here pelted plastic bottles and cans at the Bhutto scion accusing him
New Delhi: India has raised with Britain its concerns about a Pakistani group planning to host an anti- India rally in London to highlight the Kashmir issue.The matter was taken up by External Affairs Minister
New Delhi: In the first mass contact programme of its kind, Prime Minister Narendra Modi will interact live with millions of young students and teachers across the nation Friday on the occasion of Teachers' Day.Modi
Meblourne: The number of sportspersons taking up cricket in Australia is growing every year and 2013-14 saw a 16 percent rise with the final figure pegged at 1.106 million, Cricket Australia (CA) said Monday.What was
London: India became home to 1.56 lakh millionaires with 3,000 more joining the elite club in 2013, making the country 16th most populous in terms of population of super-rich people worldwide, says a report. According to