Income Inequality

Income Inequality News

Squid Game and Parasite aren't just massive South Korean crossovers, but also biting critiques of inequity
Entertainment

Squid Game and Parasite aren't just massive South Korean crossovers, but also biting critiques of inequity

Money and power run the world we live in today, and people – like the characters in Parasite and Squid Game – are being driven to a point where they will do anything in their capacity to gain and maintain financial security.

As migrant workers prepare to leave megacities, fixing gaps in PDS and DBT will be key to preventing large scale unrest back home
India

As migrant workers prepare to leave megacities, fixing gaps in PDS and DBT will be key to preventing large scale unrest back home

The shramik trains can take a few thousand of migrant workers back to their home towns. For the rest, whose numbers will still be considerable, their main problem, as lockdown continues, will be hunger, not the virus, and a further deepening of existing social and income inequalities.

More than half of world’s income went to top 10% of population; India has highest income inequality among major global economies
Business

More than half of world’s income went to top 10% of population; India has highest income inequality among major global economies

The income gap between the rich and poor is further widening showing that the rich in India are getting richer at a much faster pace while the poor are struggling to maintain their standard of living.

Oxfam shows a mirror to Indian economy: What is making country's rich-poor divide widen so rapidly?
Business

Oxfam shows a mirror to Indian economy: What is making country's rich-poor divide widen so rapidly?

The income inequality has been increasing for the last one and half decade even more sharply, to be specific since 2004-05

Asian Development Bank wants policy makers to do more to shield workers losing jobs to newer technologies
Business

Asian Development Bank wants policy makers to do more to shield workers losing jobs to newer technologies

Asian Development Bank President Takehiko Nakao on Thursday called for progressive taxation and government policies, including universal healthcare

As Modi kickstarted WEF in Davos, Rahul tweeted Oxfam survey over widening wealth gap: BJP says 'case of pot calling kettle black'
Politics

As Modi kickstarted WEF in Davos, Rahul tweeted Oxfam survey over widening wealth gap: BJP says 'case of pot calling kettle black'

Continuing his attack against Prime Minister Narendra Modi on Twitter, Congress president Rahul Gandhi on Tuesday questioned him for the widening gap in wealth distribution in India.

India's richest 1% cornered 73% of wealth generated last year, presents worrying picture of rising income inequality: Oxfam survey
Business

India's richest 1% cornered 73% of wealth generated last year, presents worrying picture of rising income inequality: Oxfam survey

The richest 1 percent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.

Uttarakhand: Growth inequality is emptying out villages in India's sixth richest state
India

Uttarakhand: Growth inequality is emptying out villages in India's sixth richest state

Results for the recently held Uttarakhand assembly elections will be released tomorrow, yet no matter which political party comes to power, it has its hands full.

Narrow down income inequality to lift 90 mn Indians out of poverty: Report
Economy

Narrow down income inequality to lift 90 mn Indians out of poverty: Report

The 85 richest individuals in the world had as much wealth as the poorest half of the global population

Challenge for growth: Poor-rich gap widening in India, Asia-Pacific
Economy

Challenge for growth: Poor-rich gap widening in India, Asia-Pacific

Inequality is key socio-economic challenge for the region

Shift in fiscal policy can bridge India's rich-poor divide: ADB
Economy

Shift in fiscal policy can bridge India's rich-poor divide: ADB

The region must spend more on education and health, create quality jobs and invest in infrastructure to reduce imbalances between developed and lagging rural areas, the Asian Development Bank said.