Middle class is a favourite term of politicians and economists alike, but there is no agreed upon definition of what it actually means. Bloomberg looks at three different explanations of who the nebulous label applies to.

Does $250,000 make you middle class?

Air India Express' inaugural four-hour flight from Surat in Gujarat to Thailand capital Bangkok saw good sales of liquor onboard, with some passengers claiming the stock ran out.
The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard. The passenger capacity of the plane is 176.
Liquor consumption is prohibited in Gujarat.
Officials of the budget airline on Sunday said there were brisk sales of alcohol on the flight from Surat to Bangkok and the stock was not exhausted, as claimed by some on social media.
Some passengers had taken to social media, saying the airline ran out of liquor.
There was sufficient stock of liquor as well as food onboard, the officials added.
There was no official statement from the Tata Group-owned Air India Express.
According to the officials, generally, a passenger is not served more than 100 ml of liquor during a flight.
The airline offers five types of liquor onboard.
A 50 ml of Chivas Regal is p

The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard

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The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

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Does $250,000 make you middle class?

Middle class is a favourite term of politicians and economists alike, but there is no agreed upon definition of what it actually means. Bloomberg looks at three different explanations of who the nebulous label applies to.

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