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LATEST NEWS UPDATES | Wealth of India's 10 richest enough to fund school, higher education of every child for 25 years: Study

Wealth of India's 10 richest enough to fund school, higher education of every child for 25 years: Study

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published Published on Jan 17, 2022   modified Modified on Jan 17, 2022

-The New Indian Express

Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders.

NEW DELHI/ DAVOS: Indian billionaires saw their combined fortunes more than double during the COVID-19 pandemic, and their count shot up by 39 per cent to 142, while the wealth of the ten richest is enough to fund school and higher education of children in the country for 25 years, a new study showed on Monday.

In its annual inequality survey released on the first day of the World Economic Forum's online Davos Agenda summit, Oxfam India further said that an additional one per cent tax on the richest 10 per cent can provide the country with nearly 17.7 lakh extra oxygen cylinders, while a similar wealth tax on the 98 richest billionaire families would finance Ayushman Bharat, the world's largest health insurance scheme, for more than seven years.

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The New Indian Express, 17 January, 2022, https://www.newindianexpress.com/nation/2022/jan/17/wealth-of-indias-10-richest-enough-to-fund-school-higher-education-of-every-child-for-25-years-st-2407741.html?fbclid=IwAR0PEijgZWrz7tQkPhYCjczJS-9ENIZT05cNjN5Oa


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