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 UK travel advisory had made 10-day quarantine mandatory for Indian travellers, who have received both doses of Covishield manufactured by the Serum Institute of India (SII).
The leaders have been demanding the arrest of Union Minister Ajay Kumar Mishra's son Ashish Mishra in connection with the death of farmers during the violence. Sidhu threatened to go on hunger strike if action is not taken against the minister's son by Friday.
The ministry said that all due protocols and norms relating to Covid-19, as notified by the Union Health Ministry from time to time, shall be adhered to by the foreign tourists, the carriers bringing them to India and all other stakeholders at the landing stations.
Tamil Nadu farmers association Deputy Secretary, P.S. Masilamani, who had participated in the farmers' agitation in New Delhi, told IANS that the farmers of Cauvery delta are "disturbed and outraged by the mowing down of fellow farmers and we are conducting peaceful protest marches in solidarity with the farmers of Lakhimpur Kheri."
A total of 28 civilians have been killed by terrorists in Kashmir in 2021, IG Kashmir Vijay Kumar said in a statement on Thursday. The statement further said that in all such cases, the terrorists used pistols.
Farmers allege that the minister's son was in one of the cars that mowed the farmers. Ashish has been named in the FIR lodged in connection with the incident under IPC Section 302 (murder).
