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.
The fresh travel advisory says that fully-vaccinated travellers coming from a country with which India has arrangements for mutual acceptance of WHO approved Covid-19 vaccines shall be allowed to leave the airport after producing a negative RT-PCR test report, and will not have to undergo home quarantine and testing.
Four more persons, including a BJP leader who was seen inside the SUV that mowed down protesting farmers in Lakhimpur Kheri on October 3, have been arrested.
Referring to the killing on October 15 of a Dalit labourer from Tarn Taran in Punjab, and latest disclosures in the media, the Deputy Chief Minister, who also holds the Home portfolio, promised complete justice, saying the government will reach to the bottom of the case and expose the conspirators behind the incident.
The activists entered the AIIMS premises raising slogans for immediate action against the students who performed the Ramlila skit. They tried to break into the AIIMS hostel, but were stopped by the police who took them outside the AIIMS premises.
Two gold bars, of 3 kg each, of 24 carat purity, and worth Rs 2.96 crore, were concealed in two rechargeable lights. The officials, who searched the baggage of a passenger arriving from Dubai by flight EK 524, found the two emergency lights. On suspicion, they opened the lights and found the bars kept inside the rechargeable batteries.
The former Punjab CM also said that he is hopeful of a seat-sharing arrangement with the BJP for next year's Assembly elections in the state, if the farmers' issues are resolved in their interest.
