-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...
More »SEARCH RESULT
Total Matching Records found : 300
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...
More »Pandora papers: Why are HNIs moving significant assets abroad? -Ajit Ranade
-National Herald The Pandora Papers raise issues that need serious introspection. Even if the wealth has been salted away legally, does it reflect a flight of capital? Do HNIs feel their wealth is not secure in India? What is different about the Pandora Papers from the earlier Panama Papers leaks, revealed by ICIJ five years ago? Unlike the Panama papers which were leaks from a single source, a law firm called Mossack...
More »Over 300 Indian Names in New Data Leak That Sheds Light on Offshore Dealings: Report
-TheWire.in So far, four Indian names have come out as part of the 'Pandora Papers': Sachin Tendulkar, Anil Ambani, the sister of Nirav Modi, and the husband of Kiran Mazumder Shaw. New Delhi: A new global leak of financial data promises to expose the secret offshore dealings and hidden assets of the world’s elite, including over 300 Indians. This new dataset comes from the International Consortium of Investigative Journalists (ICIJ) which obtained nearly...
More »
