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: 150
 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::index() - APP/Controller/ArtileDetailController.php, line 150
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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
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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);

            } else {
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        LATEST NEWS UPDATES | India&#039;s richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam    </title>
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At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe

Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per..."/>
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-PTI

At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe

Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per..." />
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    <h1 class="cat-box-title">India&#039;s richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam</h1>
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                            <div align="justify">-PTI<br /><br /><em>At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe<br /></em><br />Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country&rsquo;s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.<br /><br />Globally, billionaires&rsquo; fortunes rose by 12 per cent or $ 2.5 billion a day in 2018, whereas the poorest half of the world&rsquo;s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum (WEF) Annual Meeting in this Swiss ski resort town.<br /><br />Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004.<br /><br />Asking the political and business leaders who have gathered in Davos for the annual jamboree of the rich and powerful of the world to take urgent steps to tackle the growing rich-poor divide, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe.<br /><br />Oxfam International Executive Director Winnie Byanyima, one of the key participants at the WEF summit, said it is &ldquo;morally outrageous&rdquo; that a few wealthy individuals are amassing a growing share of India&rsquo;s wealth, while the poor are struggling to eat their next meal or pay for their child&rsquo;s medicines.<br /><br />&ldquo;If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,&rdquo; she added.<br /><br />Noting that wealth is becoming even more concentrated, Oxfam said 26 people now own the same as the 3.8 billion people who make up the poorest half of humanity, down from 44 people last year.<br /><br />Please <a href="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo" title="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">India&#039;s richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam</h1>
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                            <div align="justify">-PTI<br /><br /><em>At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe<br /></em><br />Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country&rsquo;s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.<br /><br />Globally, billionaires&rsquo; fortunes rose by 12 per cent or $ 2.5 billion a day in 2018, whereas the poorest half of the world&rsquo;s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum (WEF) Annual Meeting in this Swiss ski resort town.<br /><br />Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004.<br /><br />Asking the political and business leaders who have gathered in Davos for the annual jamboree of the rich and powerful of the world to take urgent steps to tackle the growing rich-poor divide, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe.<br /><br />Oxfam International Executive Director Winnie Byanyima, one of the key participants at the WEF summit, said it is &ldquo;morally outrageous&rdquo; that a few wealthy individuals are amassing a growing share of India&rsquo;s wealth, while the poor are struggling to eat their next meal or pay for their child&rsquo;s medicines.<br /><br />&ldquo;If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,&rdquo; she added.<br /><br />Noting that wealth is becoming even more concentrated, Oxfam said 26 people now own the same as the 3.8 billion people who make up the poorest half of humanity, down from 44 people last year.<br /><br />Please <a href="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo" title="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo">click here</a> to read more. <br /></div>                                                           
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At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe

Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per..." />
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                            <div align="justify">-PTI<br /><br /><em>At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe<br /></em><br />Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country&rsquo;s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.<br /><br />Globally, billionaires&rsquo; fortunes rose by 12 per cent or $ 2.5 billion a day in 2018, whereas the poorest half of the world&rsquo;s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum (WEF) Annual Meeting in this Swiss ski resort town.<br /><br />Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004.<br /><br />Asking the political and business leaders who have gathered in Davos for the annual jamboree of the rich and powerful of the world to take urgent steps to tackle the growing rich-poor divide, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe.<br /><br />Oxfam International Executive Director Winnie Byanyima, one of the key participants at the WEF summit, said it is &ldquo;morally outrageous&rdquo; that a few wealthy individuals are amassing a growing share of India&rsquo;s wealth, while the poor are struggling to eat their next meal or pay for their child&rsquo;s medicines.<br /><br />&ldquo;If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,&rdquo; she added.<br /><br />Noting that wealth is becoming even more concentrated, Oxfam said 26 people now own the same as the 3.8 billion people who make up the poorest half of humanity, down from 44 people last year.<br /><br />Please <a href="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo" title="https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&amp;utm_campaign=socialflow&amp;fbclid=IwAR29K8iVBevQwh7dyfnqCsKdXm_U-fn8NKQ9cL-z84eDKhJhBlllxV0gYoo">click here</a> to read more. <br /></div>                                                           
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India's richest 1% get richer by 39% in 2018; just 3% rise for bottom-half: Oxfam

Published on Jan 21, 2019   Modified on Jan 21, 2019

-PTI At Davos, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe Indian billionaires saw their fortunes swell by Rs. 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday. Globally, billionaires’ fortunes rose by 12 per cent or $ 2.5 billion a day in 2018, whereas the poorest half of the world’s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum (WEF) Annual Meeting in this Swiss ski resort town. Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004. Asking the political and business leaders who have gathered in Davos for the annual jamboree of the rich and powerful of the world to take urgent steps to tackle the growing rich-poor divide, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe. Oxfam International Executive Director Winnie Byanyima, one of the key participants at the WEF summit, said it is “morally outrageous” that a few wealthy individuals are amassing a growing share of India’s wealth, while the poor are struggling to eat their next meal or pay for their child’s medicines. “If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,” she added. Noting that wealth is becoming even more concentrated, Oxfam said 26 people now own the same as the 3.8 billion people who make up the poorest half of humanity, down from 44 people last year. Please click here to read more.

The Hindu, 21 January, 2019, https://www.thehindu.com/news/national/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam/article26047621.ece?homepage=true&utm_campaign=socia

Tagged with: Income Distribution Income Inequality Economic Equality Economic Inequality Oxfam India

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• Top 1% of Indians own 40.5% percent wealth, bottom 50% has around 3% - Oxfam Inequality report
• 5.6 crore Indians plunged into poverty in 2020, says World Bank
• Number of India’s ultra-rich grew 11x in last decade -Parvathi Benu
• Trends in Economic Inequality in India -Maitreesh Ghatak, Ramya Raghavan and Linchuan Xu
• The selfishness and graft of the rich drive inequality -Aashi Gupta, Vani S Kulkarni and Raghav Gaiha

 

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