Economic Inequality
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Top 1% in India holds higher income share than in US, Brazil and South Africa: Study
The study was published by the World Inequality Lab, where French economist Thomas Piketty is a co-director.
Scroll Staff
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World’s five richest men doubled their wealth since 2020, says Oxfam report
The organisation noted that India, in particular, faces ‘rising industrial concentration’, especially in the hands of the country’s top five firms.
Scroll Staff
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Sri Lanka is proof that governments use IMF bailouts to hurt political opponents
In a number of countries IMF loan conditions appear to be mainly burdening supporters of the opposition.
M Rodwan Abouharb, The Conversation & Bernhard Reinsberg, The Conversation
Trending
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‘Saffronisation of Doordarshan’: After DD News unveils new logo, social media users express alarm
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‘They built the Ram temple. That is bigger than providing jobs.’
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How Guwahati became the second-most polluted city in the world
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How Karnataka’s once-powerful Janata Dal Secular was reduced to a Hindutva offshoot
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Naga group lifts shutdown in 6 districts after responding to Election Commission notice
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How baby bond schemes are helping combat racial economic inequalities in the US
The programmes ensure that poorer children start out their adult lives with a nest egg.
Carey L Biron, Thomson Reuters Foundation
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Why inequality is growing around the world
Globally, the richest 10% possess nearly 76% of the world’s wealth. Meanwhile, the bottom 50% own just 2%.
Fatema Z. Sumar, The Conversation
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As the wealthy converge on Davos to discuss the world’s problems, a case for taxing the rich
Harsh Mander and Prabhat Patnaik discuss funding universal social and economic rights, not just a universal basic income, in a time of widening inequalities.
Harsh Mander
Video
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Eco India, Episode 258: Is repurposing waste saving the environment from further degradation?
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Watch: This fan-made trailer imagines Henry Cavill and Margot Robbie starring in a James Bond film
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Watch: Mount Ruang erupts in Indonesia, spewing columns of ash and lava
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Watch: Unbelievable scenes of flooding in Dubai airport, streets, and malls after heavy rain in UAE
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Indian elections: How secure is the EVM-VVPAT process?
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Covid-19 pandemic created a new billionaire every 30 hours, says Oxfam
Meanwhile, the non-profit organisation said it expects 263 million people to fall into extreme poverty this year.
Scroll Staff
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What do Indians want from the Budget? A ‘Covid surcharge’ on those who profited from the pandemic
More than 80% of the respondents in a survey supported the idea of taxing the ultra-rich.
Ananya Bhattacharya, qz.com
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Interview with Oxfam India CEO: With India’s inequality exploding, it can’t be business as usual
In the past two years, over 15 crore Indians slid into poverty, while the number of billionaires in the country grew.
Govindraj Ethiraj, IndiaSpend.com
The Reel
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‘Trap’ trailer: M Night Shyamalan’s thriller stars Josh Hartnett as a serial killer
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Watch: Five directors shoot on iPhones for MAMI Mumbai Film Festival initiative
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‘Do Aur Do Pyaar’ review: Adultery saga has a maths problem
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‘Love Sex Aur Dhokha 2’ review: Laboured and barely provocative
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‘Civil War’ review: An urgent film about a barely-distant future
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Income of 84% Indian households fell in 2021 while 40 new billionaires emerged: Oxfam report
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.
Scroll Staff
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India is among the most unequal countries, says World Inequality Report
In 2021, the top 1% of India’s population earned 21.7% of the total national income, while the bottom 50% made just 13.1%.
Scroll Staff
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What Latin America’s inequality and political instability can teach the rest of the world
A large income gap between the poor and the wealthy has contributed to persistent political volatility and social discontent.
Diego Sánchez-Ancochea, The Conversation
The Field
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Wrestling, Asian Olympic Qualifiers: Vinesh, Anshu, Reetika secure Paris 2024 quotas for India
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Watch, highlights ISL 2024: Odisha FC through to semi-final after beating Kerala Blasters in playoff
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IPL 2024: KL Rahul, Quinton de Kock power Lucknow to comfortable win over Chennai
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Wrestling, Asian Olympic Qualifiers: Aman loses in semi-final as Indian men fail to win Paris quotas
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Shooting, Indian Olympic trials: Esha Singh, Bhavesh Shekhawat lead in respective 25m pistol events