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'description' => '<p style="text-align:justify">-Newsclick.in</p>
<p style="text-align:justify"><em>The <a href="https://im4change.org/upload/files/Inequality%20kills%20Oxfam%20briefing%20paper.pdf">report</a> points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.</em></p>
<p style="text-align:justify">While 84% of households in India suffered a decline in their income in a year marked by the tremendous loss of life and livelihoods, the number of Indian billionaires grew from 102 to 142, revealed the India Supplement to the global Oxfam Davos report of 2022, Inequality Kills. The report was published on Sunday, January 16, ahead of the World Economic Forum’s Davos Agenda.</p>
<p style="text-align:justify">The <a href="https://im4change.org/upload/files/India%20Supplement%202022%20Inequality%20Kills.pdf">report</a> states that just a 1% wealth tax on 98 wealthiest billionaire families in India can finance Ayushman Bharat, the government of India's national public health insurance fund, for more than seven years. It added that the collective wealth of India's 100 wealthiest people hit a record high of INR 57.3 lakh crore (USD 775 billion) in 2021.</p>
<p style="text-align:justify">The report pointed out that in India, during the pandemic — between March 2020 and November 30, 2021 — the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020, which is nearly half of the global new poor according to the United Nations. “The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised,” the report said.</p>
<p style="text-align:justify">Amitabh Behar, the CEO, Oxfam India, said, "Oxfam's global briefing points to the stark reality of inequality contributing to the death of at least 21,000 people each day, or one person every four seconds. The pandemic has set gender parity from 99 years to 135 years. Women collectively lost INR 59.11 lakh crore (USD 800 billion) in earnings in 2020, with 1.3 crore fewer women in work now than in 2019. It has never been so important to start righting the wrongs of this obscene inequality by targeting extreme wealth through taxation and getting that money back into the real economy to save lives.”</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/india-economic-system-rigged-favour-super-rich-oxfam-report">click here</a> to read more. </p>
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LATEST NEWS UPDATES | India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya </title>
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The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into..."/>
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The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into..." />
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<a href="https://im4change.in/latest-news-updates/india-s-economic-system-rigged-in-favour-of-the-super-rich-says-oxfam-report-ditsa-bhattacharya.html" target="_blank">India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya </a>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.
While 84%...</p>
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<br><small>January 17, 2022</small>
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The police as the arbiters of communication
For a country with serious challenges to tackle, the amount of time and energy of government agencies and courts that is now spent on offence-taking and conspiracy-chasing borders on the ludicrous. Through 2021, the police in various parts...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-PTI/ The New Indian Express
The figure does not include Hong Kong and Macao residents and foreigners who live in the mainland's 31 provinces, autonomous regions, and municipalities, the NBS said.
BEIJING: China's population grew by less than half a million-last year to 1.41 billion as the...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates
There is some merit...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Supply from UP prevents price surge
Potato production in West Bengal is likely to be impacted this year on the back of delayed sowing and untimely rains. Though it may be difficult to estimate the exact impact on production, experts believe that the...</p>
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<a href="https://im4change.in/latest-news-updates/india-s-economic-system-rigged-in-favour-of-the-super-rich-says-oxfam-report-ditsa-bhattacharya.html" target="_blank">India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya </a>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.
While 84%...</p>
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<br><small>January 17, 2022</small>
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The police as the arbiters of communication
For a country with serious challenges to tackle, the amount of time and energy of government agencies and courts that is now spent on offence-taking and conspiracy-chasing borders on the ludicrous. Through 2021, the police in various parts...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-PTI/ The New Indian Express
The figure does not include Hong Kong and Macao residents and foreigners who live in the mainland's 31 provinces, autonomous regions, and municipalities, the NBS said.
BEIJING: China's population grew by less than half a million-last year to 1.41 billion as the...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates
There is some merit...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Supply from UP prevents price surge
Potato production in West Bengal is likely to be impacted this year on the back of delayed sowing and untimely rains. Though it may be difficult to estimate the exact impact on production, experts believe that the...</p>
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<a href="https://im4change.in/latest-news-updates/india-s-economic-system-rigged-in-favour-of-the-super-rich-says-oxfam-report-ditsa-bhattacharya.html" target="_blank">India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya </a>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.
While 84%...</p>
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<br><small>January 17, 2022</small>
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The police as the arbiters of communication
For a country with serious challenges to tackle, the amount of time and energy of government agencies and courts that is now spent on offence-taking and conspiracy-chasing borders on the ludicrous. Through 2021, the police in various parts...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-PTI/ The New Indian Express
The figure does not include Hong Kong and Macao residents and foreigners who live in the mainland's 31 provinces, autonomous regions, and municipalities, the NBS said.
BEIJING: China's population grew by less than half a million-last year to 1.41 billion as the...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-Hindustan Times
Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates
There is some merit...</p>
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<br><small>January 17, 2022</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Supply from UP prevents price surge
Potato production in West Bengal is likely to be impacted this year on the back of delayed sowing and untimely rains. Though it may be difficult to estimate the exact impact on production, experts believe that the...</p>
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LATEST NEWS UPDATES | India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya
-Newsclick.in
The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020.
While 84%...
-The Telegraph
The police as the arbiters of communication
For a country with serious challenges to tackle, the amount of time and energy of government agencies and courts that is now spent on offence-taking and conspiracy-chasing borders on the ludicrous. Through 2021, the police in various parts...
-PTI/ The New Indian Express
The figure does not include Hong Kong and Macao residents and foreigners who live in the mainland's 31 provinces, autonomous regions, and municipalities, the NBS said.
BEIJING: China's population grew by less than half a million-last year to 1.41 billion as the...
-Hindustan Times
Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates
There is some merit...
-The Hindu Business Line
Supply from UP prevents price surge
Potato production in West Bengal is likely to be impacted this year on the back of delayed sowing and untimely rains. Though it may be difficult to estimate the exact impact on production, experts believe that the...
