Middle Class

  • India's rising middle class competing with America, says Barack Obama May 29, 2014

    As a rising middle class from Brazil to India competes with Americans, and as new nations embrace democracy and market economies, the US has to be ready to respond to this new world order, President Barack Obama on Wednesday said. "The world is changing with accelerating speed. This presents opportunity,...
  • Target to upgrade 70 crore people to middle class, says Rahul Gandhi January 30, 2014

    New Delhi: Reaching out to the strata between BPL and middle class, Rahul Gandhi on Thursday said Congress will focus on giving these 70 crore people a better life and basic social security as he sought direct feedback from labourers and street vendors for Lok Sabha poll manifesto. "The meaning of...
  • FTP: Ordinance rolled back, Lalu goes to jail: Has middle class power come of age? October 3, 2013

    With the Cabinet rolling back the ordinance shielding convicted legislators, Rashtriya Janata Dal chief Lalu Prasad was sentenced to jail for five years in the fodder scam. CNNIBN Deputy Editor Sagarika Ghose discusses with a panel of experts with ordinance being rolled back, has middle class power come of age. ...
  • Middleclass Indians hard hit by rupee's fall: Survey June 20, 2013

    New Delhi: As the Indian rupee slumps to new lows, the country's middle class has been forced to cut back on eating out, buying branded products or new cars, studying abroad etc. as their monthly expenditure has risen by 20 per cent, a study by Assocham revealed on Thursday. The Indian...
  • Protests over student's death cut across party lines: Priyanka Gupta April 4, 2013

    Student activist Sudipto Gupta died in a police crackdown on a students' protest in Kolkata. The incident has seen thousands of people pour into the streets of Kolkata. The West Bengal government has been, till now, noncommittal about a proper probe into the incident. To what extent will this incident...
  • India hopes to raise Rs 40,000 crore from stake sale in PSUs March 5, 2013

    New Delhi: Finance Minister P Chidambaram on Monday said the government was hopeful about raising Rs 40,000 crore from stake sale in public sector undertakings (PSUs) in the financial year beginning April 1, 2013. "I hope to collect Rs.40,000 crore from disinvestment next year. The first disinvestment will start in April,"...
  • FM to monitor investments by PSUs, private sector every quarter March 4, 2013

    New Delhi: Aiming to restart the growth engine, Finance Minister P Chidambaram on Monday said he will monitor every quarter the investment plans of public and private sector entities that are sitting on huge cash piles. "Each PSU is required to fill up that proforma, tell us what their capex...
  • P Chidambaram insensitive to the middle class: BJP July 11, 2012

    Home Minister P Chidambaram's remark on price rise, hitting out at the middle class for willing to pay Rs 15 for icecream but not a rupee more for a kilo of rice, has the Opposition up in arms against him. ...
  • Price rise: PC 'disgusted by distortion of remarks' July 11, 2012

    New Delhi: The Ministry of Home Affairs (MHA) on Wednesday issued a statement saying Home Minister P Chidambaram was "shocked" and "disgusted" at the apparent distortion of his remarks on price rise by the media. The MHA statement said, "Home Minister P Chidambaram is shocked and disgusted by the deliberate distortion...
  • India's urban consumer confidence edges up: survey May 9, 2012

    New Delhi: India's urban consumer confidence improved marginally in April, but concerns about the economy kept consumers pessimistic, a survey released on Wednesday showed. The BluFin Consumer Confidence Index rose to 41.1 in April 2012, from 39.9 in March. The index recorded its lowest score of 35.8 in December 2011. The index...
  • India likely to grow at 6.1 pc in 2012: Report April 8, 2012

    Mumbai: India is expected to grow at 6.1 per cent in calendar year (CY) 2012, similar to the pace recorded in Q4 2011, the Ernst & Young's quarterly Rapid Growth Markets Forecast (RGMF) released in Mumbai said. Growth should be picking up in H2 2012, provided the global economy does not...
  • Sikhs, Hindus now part of middleclass Britain December 14, 2010

    London: "Longestablished" Hindu and Sikh families in Britain are now being categorised as part of the country's middleclass, according to a survey that also revealed the changing societal lifestyles. The lifestyle of a typical middleclass Briton was revealed in a research by Experian that was published on Monday, the Daily Mail...
  • Soaring vegetable prices hit people below the belt July 16, 2010

    Food inflation has forced families to readjust their grocery budgets. ...
  • China's credit card debt crosses $800 million November 12, 2009

    Beijing: As the world battled recession, the Chinese bought more credit cards. Once known as a nation of savers, the country's plastic money debt has crossed $800 million dollars. ...
  • US food banks reel under global financial recession February 28, 2009

    Recession continues to take its toll on the middle class American with many more empty stomachs to feed, food banks in the states are finding it tough to keep going. The recession has begun to hit the middle class American . ...
  • Lifestyle, fashion take a hit due to recession December 25, 2008

    New Delhi: 2008 is the year when we learnt that R stood for recession, P for pink slips and S for slowdown. As the market mood swung from cheery to gloomy and individuals and companies lost billions in the market, early in the year the Prime Minister stuck a cautious...
  • I love badguy Khurana of Khosla Ka Ghosla: director November 25, 2008

    Delhi boy Dibakar Banerjee knew the story he wanted to tell when he directed Khosla Ka Ghosla: the story of a typical middleclass family in Delhi. He did well: The film about a middleclass family familys fight to get their land back from a greedy and powerful property dealer was...
  • Fun and frolic over, middleclass tightens belt August 3, 2008

    New Delhi: Higher inflation and increasing interest rates have forced middle class consumers to cut back their spending on shopping, amusement and eating out by nearly 55 per cent in the last one year, according to a survey by an industry lobby. The survey, done by the Associated Chambers of Commerce...
  • Chat Now: Arushi murder and changing family values? May 24, 2008

    Has middleclass value system disintegrated? Chat with Madhumati Singh, Sr Psychologist. ...
  • Indian politicians tell Bush to back off May 4, 2008

    New Delhi: One may dismiss it as another Bushism, but the Indian politicians aren't willing to do so. After US President George Bush expressed concern over a prosperous Indian middle class eating so much that it is causing food to become more expensive in American supermarkets, the Indian political leaders are...
  • New India pushing food prices, Bush suggests May 3, 2008

    Washington: US President George Bush has joined his top diplomat in suggesting that the growing prosperity of India's large middle class is contributing to rising food prices around the world. "The more prosperous the world is, the more opportunity there is," he said commenting on the economy during a visit on...
  • 'Masstige' is new marketing Buzzword May 17, 2007

    Mumbai: The new Buzzword in the marketing world is Masstige! Thats Mass plus Prestige. Premium priced Motorola dipped into the middle class market with this Rs 4,000 phone. Six months later, five lakh Motoflip phones have been sold. HLL, on the other hand, moved its affordable cold cream and talc brand...
  • UP middle class uninterested in polls June 20, 2007

    Varanasi (Uttar Pradesh): While UP's poor queue up to vote, the urban middle class prefers to drink tea instead. Pappu's tea shop is Varanasi's most popular cafe. Every evening, professors, civil servants and lawyers come here to drink tea under portraits of dead student leaders. The hot air rises and so...
  • 30 Minutes: All about Indian gigolo June 16, 2007

    New Delhi, Ahmedabad, Bangalore: The Indian gigolo has come out of the closet and is now boldly searching for fun. You will find him at multiplexes, swanky restaurants and coffee bars or meet him on the Internet. A CNNIBN special investigation went on the gigolo trail, DelhiAhmedabadBangalore, and found that...
  • QOTD: Do Indian elite care for polls? June 18, 2007

    On Thursday, voters from 10 municipal corporations across Maharashtra came out to cast their ballot in a keenlycontested election. Several very interesting voting patterns emerged from across the state, specially from Indias financial capital Mumbai where its a close battle between the Shiv SenaBJP combine and the CongressNCP, fighting it...
  • Indian middle class happy with economic progress June 30, 2007

    New Delhi: They have been described as aspirational, self absorbed, or simply too busy with climbing the socio economic ladder. But the CNNIBNHT poll finds out that the middle class of India today is satisfied with its economic conditions. More than half of people questioned believed that their conditions had...
  • SOTN Finale: Middleclass rising June 18, 2007

    20.2 pc of India's population forms the middle class. 77 pc of the middle class carry cell phones, 32 pc have credit cards. ...
  • Many faces of the middleclass June 18, 2007

    New Delhi: Would you define the middleclass in terms of income, or aspiration or values? Is it's character changing over the years? Take for instance someone whos at the forefront of umpteen causes, with the hair turned grey at a young age, the sari tightlybound, waging a losing battle to...
  • RWAs are tools of empowerment June 18, 2007

    New Delhi: He's been an Army man, but now he's a soldier of a different kind fighting a battle to ensure that his fellow residents in Gurgaon get their due. Disillusioned with the empty promises political parties were making, the resident welfare associations of Gurgaon formed their very own...
  • This 73yrold is largest PIL filer June 18, 2007

    Chennai: The middle class has up till now been known for being selfserving, with little appetite for taking risks, especially if it does not impact them directly. But K R Ramaswamy is one man in Chennai who has broken out of this mould. At an age in life where most men...