-The New Indian Express The survey is based on inputs from 3,231 Indians from 24 states ahead of the Union Budget 2022-23 on the expectations of common people from the government. NEW DELHI: More than 80% of Indians support a tax on the rich and corporations who earned record profits during the pandemic, a nationwide survey by Fight Inequality Alliance India (FIA India) revealed on Thursday. Over 90% of participants demanded budget measures...
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Poor Country With Affluent Elite, India Is Going Nowhere -Jayati Ghosh
- The India Cable/ TheWire.in India is now one of the most unequal countries for both income and Wealth inequality — and has shown the most rapid increases in inequality. The Paris-based World Inequality Lab has become a major source of data on global inequality, based on careful aggregation of national data from a multitude of sources, of both income and Wealth inequality, at national, regional and global levels. Their latest World...
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 »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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