Oxfam report News

OXFAM has presented a report on economic inequality in India. According to the report, 50 percent of India's population owns only 3 percent of the country's wealth. The country's 21 billionaires have more wealth than the wealth of 700 million Indians.

Oxfam International's annual inequality report said that if India's billionaires are taxed once at 2 per cent on their entire wealth, it would support the requirement of Rs 40,423 crore for the nutrition of malnourished in the country for the next three years.

Oxfam International has released a new report titled 'Profiting from Pain'. It said that the Covid-19 pandemic has seen one new billionaire emerging every 30 hours. Nearly one million people could be pushed into extreme poverty every 33 hours in 2022, the report by Nairobi-based charity said.

A study by Oxfam International has said that it would take the 10 billionaires 414 years to spend their combined wealth at a rate of a million dollars each per day.

Why is the economic distance between rich and poor increasing; Watch this special segment of DNA to know...

In signs of rising income inequality, India's richest 1 percent now hold a huge 58 percent of the country's total wealth -- higher than the global figure of about 50 percent, a new study showed today.