Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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-Livemint.com&lt;br /&gt;
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&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
&lt;br /&gt;
The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;
&lt;br /&gt;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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                <strong>Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br /><br />New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br /><br />Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br /><br />Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br /><br />The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br /><br />However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br /><br />India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br /><br />The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br /><br />The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br /><br />The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br /><br />The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br /><br />Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html" title="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
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&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
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The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;
&lt;br /&gt;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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&lt;br /&gt;
&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
&lt;br /&gt;
The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

New Delhi: Income inequality in India has worsened over the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;&lt;br /&gt;Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;&lt;br /&gt;Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;&lt;br /&gt;The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;&lt;br /&gt;However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;&lt;br /&gt;India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;&lt;br /&gt;The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;&lt;br /&gt;The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;&lt;br /&gt;The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;&lt;br /&gt;The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot; title=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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                <strong>Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br /><br />New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br /><br />Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br /><br />Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br /><br />The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br /><br />However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br /><br />India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br /><br />The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br /><br />The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br /><br />The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br /><br />The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br /><br />Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html" title="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
&lt;br /&gt;
The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

New Delhi: Income inequality in India has worsened over the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;&lt;br /&gt;Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;&lt;br /&gt;Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;&lt;br /&gt;The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;&lt;br /&gt;However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;&lt;br /&gt;India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;&lt;br /&gt;The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;&lt;br /&gt;The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;&lt;br /&gt;The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;&lt;br /&gt;The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot; title=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;
&lt;br /&gt;
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;
&lt;br /&gt;
Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;
&lt;br /&gt;
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;
&lt;br /&gt;
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;
&lt;br /&gt;
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;
&lt;br /&gt;
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;
&lt;br /&gt;
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;
&lt;br /&gt;
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;
&lt;br /&gt;
The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Livemint.com

Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

New Delhi: Income inequality in India has worsened over the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report &lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&amp;rsquo;s national income in 2016.&lt;br /&gt;&lt;br /&gt;Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp;amp; Income Database, which tracks information on income distribution.&lt;br /&gt;&lt;br /&gt;Among major economic blocks, with the exception of West Asia, India&amp;rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&amp;mdash;particularly in figuring out a redistribution of wealth&amp;mdash;but it could potentially trigger social unrest.&lt;br /&gt;&lt;br /&gt;The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.&lt;br /&gt;&lt;br /&gt;However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &amp;ldquo;tax progressivity&amp;rdquo;&amp;mdash;higher taxes on the rich&amp;mdash;as an effective tool to address inequality. Income taxes are levied based on a person&amp;rsquo;s ability to pay and the rate increases as income level progresses.&lt;br /&gt;&lt;br /&gt;India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.&lt;br /&gt;&lt;br /&gt;The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.&lt;br /&gt;&lt;br /&gt;The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.&lt;br /&gt;&lt;br /&gt;The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.&lt;br /&gt;&lt;br /&gt;The report found Europe as the best performing region, where the top earners&amp;rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot; title=&quot;http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

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                <strong>Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br /><br />New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br /><br />Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br /><br />Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br /><br />The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br /><br />However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br /><br />India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br /><br />The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br /><br />The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br /><br />The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br /><br />The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br /><br />Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html" title="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com<br />
<br />
<em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br />
<br />
New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br />
<br />
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br />
<br />
Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br />
<br />
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br />
<br />
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br />
<br />
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br />
<br />
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br />
<br />
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br />
<br />
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br />
<br />
The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br />
<br />
Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br />
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-Livemint.com

Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

New Delhi: Income inequality in India has worsened over the...',
	'disp' => '<div align="justify">-Livemint.com<br /><br /><em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br /><br />New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br /><br />Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br /><br />Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br /><br />The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br /><br />However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br /><br />India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br /><br />The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br /><br />The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br /><br />The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br /><br />The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br /><br />Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html" title="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br /></div>',
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	'title' => 'Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad',
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-Livemint.com<br />
<br />
<em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br />
<br />
New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br />
<br />
Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br />
<br />
Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br />
<br />
The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br />
<br />
However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br />
<br />
India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br />
<br />
The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br />
<br />
The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br />
<br />
The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br />
<br />
The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br />
<br />
Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br />
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-Livemint.com

Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report 

New Delhi: Income inequality in India has worsened over the...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report <br /><br />New Delhi: </em>Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country&rsquo;s national income in 2016.<br /><br />Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth &amp; Income Database, which tracks information on income distribution.<br /><br />Among major economic blocks, with the exception of West Asia, India&rsquo;s record on inequality is the worst. Not only does this pose a challenge to public policy&mdash;particularly in figuring out a redistribution of wealth&mdash;but it could potentially trigger social unrest.<br /><br />The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income.<br /><br />However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated &ldquo;tax progressivity&rdquo;&mdash;higher taxes on the rich&mdash;as an effective tool to address inequality. Income taxes are levied based on a person&rsquo;s ability to pay and the rate increases as income level progresses.<br /><br />India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor.<br /><br />The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year.<br /><br />The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences.<br /><br />The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion.<br /><br />The report found Europe as the best performing region, where the top earners&rsquo; group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income.<br /><br />Please <a href="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html" title="http://www.livemint.com/Politics/0W83vrWtlQBpJ4qR5zZYyI/Income-inequality-in-India-worsens-but-slower-than-Russia-a.html">click here</a> to read more. <br /></div>'
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Income inequality in India worsens, but slower than Russia and China: report -Gireesh Chandra Prasad

-Livemint.com Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, says report New Delhi: Income inequality in India has worsened over the past three-and-a-half decades and the top 10% of earners now corner more than half of the country’s national income in 2016. Their share was 30% of the national income in 1980, according to The World Inequality Report 2018 published on Thursday by World Wealth & Income Database, which tracks information on income distribution. Among major economic blocks, with the exception of West Asia, India’s record on inequality is the worst. Not only does this pose a challenge to public policy—particularly in figuring out a redistribution of wealth—but it could potentially trigger social unrest. The level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil, where top earners accounted for a very high share of income. However, rise in income inequality has been more gradual in India since 1980 compared to Russia, where it has been abrupt and compared to China, where it was moderate, said the report. That indicates the role played by policies and institutions in evening out inequality, said the report, which advocated “tax progressivity”—higher taxes on the rich—as an effective tool to address inequality. Income taxes are levied based on a person’s ability to pay and the rate increases as income level progresses. India has been trying to tackle income inequality with a combination of direct transfer of entitlements to the intended beneficiaries, drive against tax evasion and schemes meant to improve access to energy and finance by the poor. The findings of the report come at a time when the central government has started working on drafting a new direct tax code which is likely to rejig the tax structure, while the state of Jammu and Kashmir is set to make a bold experiment with a universal basic income scheme from the next financial year. The report authored by researchers Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman pointed out that rising income inequality can lead to political, social and economic consequences. The report also advocated higher public spending in education to reduce income inequality and setting up an international registry of financial asset ownership for curbing tax evasion. The report found Europe as the best performing region, where the top earners’ group accounted for 37% of national income in 2016, followed by 41% in China, 46% in Russia and 47% in US-Canada. The report called West Asia the frontier of income inequality as this group accounted for 61% of national income. Please click here to read more.