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.
Sidhu resigned much to the dismay of the Congress party and on the day when the party was going gaga over the joining of Kanhaiya Kumar and Jignesh Mevani.
He was accompanied by AAP Punjab President and MP Bhagwant Mann, Punjab affairs in-charge Jarnail Singh, co-in-charge Raghav Chadha, MLAs Aman Arora, Kultar Singh Sandhwan, Gurmeet Singh Meet Hayer, Baljinder Kaur, Amarjit Singh Sandoa, and Master Baldev Singh, among others.
On Tuesday, IANS had first ran the story -- "'Upset' Amarinder likely to meet Shah, his office denies". Since then, speculation was doing the rounds about a likely meeting between the two leaders. However, Singh's media advisor Raveen Thukral had then denied the former meeting Shah and BJP chief J.P. Nadda, saying he's on a personal visit to Delhi to meet 'some friends'.
The petitioner contended that her daughter is a permanent resident of the US, while her son holds an American passport. Jauhar argued that children have been taken to an "undisclosed destination", as they are neither in Chennai nor at Tamil Nadu's Virudhnagar, and that his client suspects they have been taken to Maharashtra.
After failing to get any information about Gurdeep's whereabouts since he left Delhi a week ago, his uncle Shamsher Singh, who is also at Singhu, lodged the missing complaint at Kundli police station which falls under Sonepat district of Haryana and is very near the farmers' protest site.
Her resignation came hours after she was given water supply and sanitation, social security, women and child development, printing, and stationery departments in the new Cabinet led by Chief Minister Charanjit Singh Channi.
