30 Years of liberalisation: How your purchasing power has increased

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Here's a look how taxes rates changed since India's first liberalised its economy in 1991

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Share of direct taxes has increased

The graphics below show how direct taxes are now almost equally split between corporates and individuals.

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You now need to work much less to own far more

One clear indicator of this is how the average Indian’s income has grown to make consumer durables much more affordable today

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You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891
You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891
You now need to work much less to own far more

Here's a look at how much an average Indian would have paid for certain goods in 1991 and how long it would have taken that person to earn that amount vis-a-vis today

Read: toi.in/vG6Cpb6891

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More from @timesofindia

3 Feb
I request the govt to take back the three farm laws. Some people are missing & I request the PM to constitute a committee to investigate this matter. My party condemns the Jan 26 violence in the strongest words possible: Ghulam Nabi Azad, Leader of Opposition in Rajya Sabha
Strict action should be taken against whoever was involved (in the Jan 26 violence at Red Fort). But at the same time, I want to say that no attempt should be made to implicate innocent farmer leaders in false cases: Ghulam Nabi Azad, Leader of Opposition in Rajya Sabha
Cases of sedition have been filed against some journalists&MP Shashi Tharoor. A person who was MoS, EAM & represented India across the world, how can he be anti-national? If he is anti-national, then we all are anti-national. How can we call an MP anti-national?: Ghulam Nabi Azad
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3 Feb
Despite the constraints caused by the global pandemic, I am pleased to see such a large number of participants in this year’s event. It is coming from the world’s leading nations in the field of military and aviation: Defence Minister Rajnath Singh at Aero India show in Bengaluru
The Aero India 21 will display the vast potential of India, and the multifarious opportunities that our country offers in the field of defence and aerospace sector. It also promises to be the World’s First Ever Hybrid Aero & Defence exhibition: Defence Minister Rajnath Singh
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3 Feb
Delhi: Proceedings of Rajya Sabha begin. #BudgetSession2021
There's a restriction on usage of cellular phones within Rajya Sabha chambers. It has been observed that some members are using their mobile phones to record proceedings of house while sitting in chamber such conduct is against parliamentary etiquette:RS Chairman M Venkaiah Naidu
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Read 4 tweets
2 Feb
Explained: Myanmar's coup

The coup returns the country to full military rule after a short span of quasi-democracy. Here is what we know

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What led to the military coup in Myanmar?

In November elections, the National League for Democracy won 83% of the body’s available seats. The military refused to accept the results of the vote

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How was the coup carried out?

The military detained the leaders of the governing NLD party and Myanmar’s civilian leadership, including Suu Kyi and President Win Myint, along with Cabinet ministers...

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Read 7 tweets
2 Feb
Union #Budget2021 explained in 15 charts

Read: toi.in/KA4Zrb50/a24gk

#BudgetWithTimes Image
#BudgetWithTimes #Budget2021

Major Allocations | Finance minister Nirmala Sitharaman announced higher capital expenditure for the FY 2021-22 and focused on providing a major boost to healthcare & infrastructure building

Read: toi.in/tBvIVZ27/a24gk Image
#BudgetWithTimes #Budget2021

Health spendings increased by 135%

Sitharaman proposed increasing healthcare spending to Rs 2,200 crore to help improve public health systems and fund a huge vaccination drive to immunise 1.3 billion people.

Read: toi.in/tBvIVZ27/a24gk Image
Read 6 tweets
1 Feb
Union #Budget2021 explained in 15 charts

Read: toi.in/KA4Zrb50/a24gk

#BudgetWithTimes Image
#BudgetWithTimes #Budget2021

Major Allocations | Finance minister Nirmala Sitharaman announced higher capital expenditure for the FY 2021-22 and focused on providing a major boost to healthcare & infrastructure building

Read: toi.in/tBvIVZ27/a24gk Image
#BudgetWithTimes #Budget2021

Health spendings increased by 135%

Sitharaman proposed increasing healthcare spending to Rs 2,200 crore to help improve public health systems and fund a huge vaccination drive to immunise 1.3 billion people.

Read: toi.in/tBvIVZ27/a24gk Image
Read 6 tweets

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