-Livemint.com CSR contributions have grown to 23% in FY21 from 12% in FY15, in terms of total philanthropic contribution as well as the amount India’s uber rich have sharply reduced their philantrophic contributions despite a surge in net worth in the past six years, according to a report. The tally of retail contributors, or individuals who give less than Rs. 1.5 lakh annually, has however, swelled both in terms of their count as...
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India’s rich got richer in Covid but share of philanthropy fell, says report on charity trends -Nikhil Rampal
-ThePrint.in 'Indian Philanthropy Report' by global consultancy firm Bain and Co. and strategic philanthropy foundation Dasra derived from statistics available with London-based donor database. New Delhi: The Covid-19 pandemic wrecked economies around the world, devastating people’s livelihoods across sectors. But a new report points out that while some of India’s richest people made huge gains in their wealth during the period — like their counterparts across the world — the rise didn’t...
More »Millets: The mighty midgets -Pushpesh Pant
-ANI/ ThePrint.in New Delhi: A folk tale describes the plight of a poor peasant’s beautiful daughter who caught the eye of the Prince out on a hunt. He married her and made her the queen. Bliss didn’t last long. Everyone was worried when the young queen lost all appetite and began wasting away. It took a clever physician to diagnose the ailment. She was missing the coarse bread prepared with millets that...
More »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% 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...
More »Income of 84% Indian households fell in 2021 while 40 new billionaires emerged: Oxfam report
-Scroll.in The non-profit group said that while the wealth of Indian billionaires rose by Rs 30 lakh crore during pandemic, over 4.6 crore people fell to extreme poverty. The income of 84% Indian households declined in 2021 while the number of billionaires in the country grew from 102 to 142 during the last year, non-profit group Oxfam said in a report released on Sunday. In its report titled “Inequality Kills”, Oxfam said that...
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