New Delhi, Jan 17 (IANS) The number of Indian billionaires grew from 102 to 142, while 84 per cent of households in the country suffered a decline in their income in 2021, which was also a year marked by tremendous loss of life and livelihoods, according to non profit Oxfam India's latest report published on Monday.
The report 'Inequality Kills' comes ahead of the World Economic Forum's Davos Agenda.
It indicates that the collective wealth of India's 100 richest people hit a record high of Rs 57.3 lakh crore in 2021.
In India, during the pandemic (since March 2020, through to November 30th, 2021) the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore.
More than 4.6 crore Indians, meanwhile, are estimated to have fallen into extreme poverty in 2020 (nearly half of the global new poor according to the United Nations).
The stark wealth inequality in India is a result of an economic system rigged in favour of the super-rich over the poor and marginalised, the report said
It advocates a one per cent surcharge on the richest 10 per cent of the Indian population to fund inequality combating measures such as higher investments in school education, universal healthcare, and social security benefits like maternity leaves, paid leaves and pension for all Indians.
"The 'Inequality Kills' briefing shows how deeply unequal our economic system is and how it fuels not only inequality but poverty as well. We urge the Government of India to commit to an economic system which creates a more equal and sustainable nation," Amitabh Behar, CEO, Oxfam India said in a statement.
Further, Behar said that Oxfam's global briefing points to the stark reality of inequality contributing to the death of at least 21,000 people each day, or one person every four seconds.
Moreover, the pandemic set gender parity back from 99 years to now 135 years. Women collectively lost Rs 59.11 lakh crore in earnings in 2020, with 1.3 crore fewer women in work now than in 2019, the report showed.
"It has never been so important to start righting the wrongs of this obscene inequality by targeting extreme wealth through taxation and getting that money back into the real economy to save lives," Behar said.
"India can show the world that democratic systems are capable of wealth redistribution and inclusive growth where no one is left behind. India's fight against inequality and poverty must be supported by the billionaires who made record profits in the country during the pandemic," he suggested.
To curb air pollution emitting from open fires in the national capital, Delhi Environment Minister Gopal Rai on Tuesday announced to launch an anti-open burning campaign under which 550 teams from various departments will be deployed in the city to keep a check on burning in open spaces.
A two-time councilor from Jhilmil ward and an MLA from Shahdara, Shunty has been running the foundation since 25 years which provides free ambulance services for the poor.
Randhawa in a statement here said the former Chief Minister, who also held the Home Portfolio, had then ordered the reinstatement of the police officer while withholding just one increment despite the then Additional Chief Secretary, Home, not writing in favour of the officer.
Punjab Chief Minister Charanjit Channi had said that his government will not accept the Centre's decision to expand the BSF's jurisdiction from existing 15 km from the border to 50 km, as this is "against the spirit of federalism".
A bench headed by Chief Justice N.V. Ramana and comprising Justices Surya Kant and Hima Kohli shot a volley of questions at senior advocate Harish Salve, representing the Uttar Pradesh government.
The patients comprised 13 men and two women. Of them, six are children, with the youngest being eight years of age. Ten patients were bystanders, while five bursting crackers themselves.
