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Global recession increasingly likely as cost of living soars: WEF survey

-PTI/ The Hindu Business Line The survey showed that food security could be at risk over the next three years A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday, citing a survey of chief economists from across the world. According to the WEF Chief Economists Outlook report, real wages are expected to continue falling across the world...

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Global Gender Gap Report Ranks India at 135, Poorest in Health and Survival

-Newsclick.in In the Health and Survival subindex, India was ranked 146, behind Bangladesh, Afghanistan and Pakistan. India has ranked 135th out of 146 countries in the World Economic Forum's Gender Gap Report 2022. On a scale of 0 to 1,India has scored 0.629, which is its seventh-highest score in the last 16 years. However, India has fared more poorly in the subindex Economic Participation and Opportunity, where it ranked 143, falling behind neighboring...

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India learns a bitter lesson for disregarding crucial warnings and recommendations on Covid-19

In the month of April this year, there has been an unprecedented upsurge in daily new cases and daily new deaths in the country due to Covid-19. States, which reported large increases in daily new cases and daily new deaths, are Maharashtra, Kerala, Karnataka, Delhi and Uttar Pradesh, to name but a few.   Data accessed from https://www.covid19india.org/, which is a crowdsourced platform and an independent aggregator of daily Covid-19 figures and...

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63 Indian billionaires wealth higher than the Union Budget for 2018-19: Oxfam

-PTI * Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 * The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70...

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Inequality has 'female face' in India, women's unpaid work worth 3.1% of GDP: Oxfam

-PTI Globally, the unpaid work done by women is worth 43-times Apple’s annual turnover, according to the Oxfam report Davos: Unpaid work done by women across the globe amounts to a staggering $10 trillion a year, which is 43 times the annual turnover of the world’s biggest company Apple, an Oxfam study said on Monday. In India, the unpaid work done by women looking after their homes and children is worth 3.1% of...

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