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Richest 10% of Indians own over 3/4th of wealth in India -Manas Chakravarty

-Livemint.com While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s...

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Widespread privatisation marginalises the poor: UN report -Maitri Porecha

-The Hindu Business Line New Delhi: Widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a new report, released by the United Nations (UN). The 25-page report by the UN is eye-opening in the light of Indian government think-tank Niti Aayog releasing Guidelines for Public-Private Partnerships (PPPs) for tackling Non-Communicable Diseases (NCDs) in government-run district hospitals. Niti Aayog's...

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Privatisation Harms Poor and Needy, Says UN Poverty Expert -Subodh Varma

-Newsclick.in In a report to the UN General Assembly, Philip Alstom urged a rethink by governments as also multilateral bodies, like IMF and World Bank, and even parts of UN. Widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a hard-hitting new report. The report was transmitted to the UN General Assembly on 19 October. Philip Alston, the UN...

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Natural disasters cost India $80 billion in 20 years: UN report -Pradeep Thakur

-The Times of India NEW DELHI: Climate change is making development highly risky, particularly in lower-middle income countries like India. A study released by the UN office for Disaster Risk Reduction (UNISDR) on Wednesday said India suffered economic losses of $80 billion during the 20-year period of 1998 to 2017. India has been ranked among world's top five countries in absolute economic losses. Globally, disaster losses during this period have been estimated...

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UNDP report lauds India's strides in reducing poverty in past decade

-The Indian Express According to MPI 2018 released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative, there are 271 million fewer poor people in India in this period. New Delhi: In the decade between 2005-06 and 2015-16, India has halved its Multidimensional Poverty Index (MPI) — an index that looks beyond income poverty to take into account deprivations in health, education, and living standards...

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