-TheWire.in None of the departments associated with India's COVID-19 vaccine development efforts received any money from the fund. New Delhi: Even as the COVID-19 pandemic had its second-worst impact in India, among the world’s countries, and as its vaccine supply has suffered through many ups and downs, the PM CARES Fund, which Prime Minister Narendra Modi set up to deal “with any kind of emergency or distress situation,” failed to allocate the...
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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 »Wealth of India's 10 richest enough to fund school, higher education of every child for 25 years: Study
-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 »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 »China's population grows by less than half-a-million in 2021; birth rate falls for 5th consecutive year
-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 birth rates fell for the fifth consecutive year, stoking fears of a looming demographic crisis and its adverse impact on the world's 2nd largest economy. At...
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