KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Top 1% of Indians own 40.5% percent wealth, bottom 50% has around 3% - Oxfam Inequality report
Following the pandemic, the income of the bottom 50 per cent of the population is estimated at 13 percent of national income and 3 percent of total wealth Apoorva Mahendru, Kanishk Gomes, Mayurakshi Dutta, Noopur, Pravas Ranjan Mishra Oxfam International's annual inequality report makes for stark reading. The India supplement, part of the main report, states that the top 1 percent of Indians own nearly 40.6 percent of the total wealth in...
More »Big industries don’t observe uniform labour standards in India: Bharatiya Mazdoor Sangh at ILO meet -AM Jigeesh
-The Hindu BMS chief Hiranmay Pandya said workers face low wages, lack of job security and social security benefits, and had to suffer poor working conditions this year On the second day of the Asia Pacific Regional Meeting of the International Labour Organisation (APRM of ILO), representatives of workers and employers from India on Wednesday highlighted the employment situation in the country. While employers hailed the Union government’s steps to “help” workers...
More »Fact check: Union minister’s claim of 15-16 lakh jobs being created every month is inaccurate -Divyani Dubey & Nidhi Jacob
-Scroll.in Ashwini Vaishnaw based his remarks on EPFO data, which experts say does not present a true picture since a bulk of the employment in the country is informal. Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw on November 24 used the Employees’ Provident Fund Organisation, or EPFO, payroll statistics to claim that an average of about 15-16 lakh jobs are being generated by the Union government every month....
More »Improving Apprenticeships Can Create Jobs. But First We Need More of Them. -Santosh Mehrotra
-TheWire.in If governments wish to raise employment levels in formal sector enterprises and prepare school leavers for the world of work, it is critical that systems of internships and apprenticeships, formally approved and mandated, are encouraged. In the vast majority of low-income and middle-income countries (LICs/MICs), most students at the secondary/higher secondary level are engaged in general academic education, not vocational education or training. For such students, the transition to the world of...
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