Diabytes
Inequality News
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As we celebrate Eid, it’s essential to remember that the joy of the occasion is not complete without the practice of Zakat. This act of charity, whether in the form of Zakat al-Fitr or regular Zakat, ensures that the less fortunate are included in the festivities and that wealth is shared fairly.
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The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.
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Congress on Monday took a dig at the RSS voicing concern over inequality, unemployment and poverty and credited it to the impact of the Bharat Jodo Yatra spearheaded by Rahul Gandhi.
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India ranks at 147 among 157 countries Oxfam analysed for their commitment to reduce inequality, saying it was a "very worrying situation" given that the country is home to 1.3 billion people, a report revealed on Tuesday.
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Poverty reduction should take precedence over reducing inequality in India, outgoing Niti Aayog Vice Chairman Arvind Panagariya said on Monday, while underlining that the country needs to focus much more on providing equality of opportunities, health and education.
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The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential.
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Over 20 lakh Indians participated in a global campaign to demand urgent action to tackle poverty, inequality and climate change that preceded the Conference of Parties (CoP-21) in November, the world's largest civil society movement said.
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The survey conducted by Ipsos MORI, a London-based market research firm, polled 25,000 people from 33 countries.
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The OECD called Wednesday for financial sector reforms to combat inequality and lift economic growth in developed nations.
Global wealth skyrocketed 8.3 percent over the past year to a record $263 trillion, but the distribution of the riches has also become increasingly unequal, a Credit Suisse report said Tuesday.
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