21 Indian Super-Rich Own More Wealth Than 70 Crore Indians Together!
While taxing the rich can help tackle shocking inequalities, what is really needed in India is complete overhaul of economic policies that serve only big corporates.
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Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
While taxing the rich can help tackle shocking inequalities, what is really needed in India is complete overhaul of economic policies that serve only big corporates.
Taxing India’s 10 richest billionaires at only 5% can fetch the entire money needed to bring children back to school, says the report released at WEF Davos meet.
Several important datasets that help in formulating government policies have not been released for over two years.
Oxfam study shows extreme wealth and extreme poverty are increasing simultaneously, worldwide.
Indra Shekhar Singh hosts a discussion with economist Jean Dreze and former agriculture secretary Siraj Hussain to discuss the consequences of PMGKAY’s discontinuation and providing free food under the National Food Security Act.
Now, concessional grain being given would no longer be available and the poor will be forced to buy 64% of their foodgrain requirement from the market at a high price.
Surely, the Centre doesn’t know; had that not been the case, it wouldn’t be giving multiple sets of data, all of which contradict each other.
On many counts, the state’s indicators are worse than India’s average.
Globally, the richest 10% of people now possess nearly 76% of the world’s wealth. Meanwhile, the bottom 50% own just 2%, according to the 2022 World Inequality Report, which analyses data and the work of more than 100 researchers and inequality experts.
The 2022 Global Hunger Index shows India occupying the 107th position among 121 countries. This should come as no surprise. Several scholars have used data on per capita daily calorie intake, and per capita annual foodgrain availability to point out that hunger in the country is acute and growing.
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