Richest 9 Indians’ Wealth Equivalent To Bottom 50% Of The Country: Oxfam Study

13.6 crore Indians, who make up the poorest 10 per cent, continued to remain in debt since 2004.


Indian billionaires saw their fortunes swell by Rs 2,200 crore a day last year, with the top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said on Monday.

Globally, billionaires’ fortunes rose by 12 per cent or USD 2.5 billion a day in 2018, whereas the poorest half of the world’s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum (WEF) Annual Meeting in this Swiss ski resort town.

Oxfam further said that 13.6 crore Indians, who make up the poorest 10 per cent of the country, continued to remain in debt since 2004.

Asking the political and business leaders who have gathered in Davos for the annual gathering of the rich and powerful of the world to take urgent steps to tackle the growing rich-poor divide, Oxfam said this increasing inequality is undermining the fight against poverty, damaging economies and fuelling public anger across the globe.

Oxfam International Executive Director Winnie Byanyima, one of the key participants at the WEF summit, said it is “morally outrageous” that a few wealthy individuals are amassing a growing share of India’s wealth, while the poor are struggling to eat their next meal or pay for their child”s medicines.

“If this obscene inequality between the top 1 percent and the rest of India continues then it will lead to a complete collapse of the social and democratic structure of this country,” she added.

Noting that wealth is becoming even more concentrated, Oxfam said 26 people now own the same as the 3.8 billion people who make up the poorest half of humanity, down from 44 people last year.

The world’s richest man Jeff Bezos, founder of Amazon, saw his fortune increase to USD 112 billion and just 1 per cent of his fortune is equivalent to the whole health budget for Ethiopia, a country of 115 million people.

“India’s top 10 per cent of the population holds 77.4 per cent of the total national wealth. The contrast is even sharper for the top 1 per cent that holds 51.53 per cent of the national wealth.The bottom 60 per cent, the majority of the population, own merely 4.8 per cent of the national wealth. Wealth of top 9 billionaires is equivalent to the wealth of the bottom 50 per cent of the population,” Oxfam said while noting that high level of wealth disparity subverts democracy.

Between 2018 and 2022, India is estimated to produce 70 new dollar millionaires every day, Oxfam said.

“It (the survey) reveals how governments are exacerbating inequality by underfunding public services, such as healthcare and education, on the one hand, while under taxing corporations and the wealthy, and failing to clamp down on tax dodging on the other,” Oxfam India CEO Amitabh Behar said.

The survey also shows that women and girls are hardest hit by rising economic inequality, he added.

“The size of one’s bank account should not dictate how many years your children spend in school, or how long you live — yet this is the reality in too many countries across the globe. While corporations and the super-rich enjoy low tax bills, millions of girls are denied a decent education and women are dying for lack of maternity care,” Ms Byanyima said.

According to the Oxfam report, India added 18 new billionaires last year, raising the total number of billionaires to 119, while their wealth crossed the USD 400 billion (Rs 28 lakh crore) mark for the first time.

It rose from USD 325.5 billion in 2017 to USD 440.1 billion in 2018, making it the single largest annual increase since the 2008 global financial crisis.

Oxfam further said getting India’s richest 1 per cent pay just 0.5 per cent extra tax on their wealth could raise enough money enough to increase the government spending on health by 50 per cent.

It said the combined revenue and capital expenditure of the Centre and states for medical, public health, sanitation and water supply is Rs 2,08,166 crore, which is less than the country’ richest man Mukesh Ambani’s wealth of Rs 2.8 lakh crore.

Globally, Oxfam said the tax rates for wealthy individuals and corporations have been cut dramatically.

While billionaire wealth soars, public services are suffering from chronic underfunding or being outsourced to private companies that exclude the poorest people, Oxfam said.

The rights group said in many countries including India, a decent education or quality healthcare has become a luxury only the rich can afford.

“Children from poor families in India are three times more likely to die before their first birthday than children from rich families,” it added.

Oxfam said its calculations are based on the latest comprehensive data sources available publicly, including from the Credit Suisse Wealth Databook and the annual Forbes Billionaires.

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In A First, Nitish Kumar To Share Stage With PM For Bihar Campaign Launch

Bihar Chief Minister Nitish Kumar will share stage with Prime Minister Narendra Modi


The launch of the NDA campaign for the Lok Sabha elections in Bihar will witness a political first: Bihar Chief Minister Nitish Kumar will share stage with Prime Minister Narendra Modi for a grand rally. The announcement by the Chief Minister at a party meeting on Sunday came in the backdrop of a strong opposition challenge led by Tejashwi Yadav for the state’s 40 Lok Sabha seats. Over 20 parties, large and small, have so far joined the opposition camp.

The mega rally of the BJP, Mr Kumar’s Janata Dal United and Ram Vilas Paswan’s Lok Janashakti Party will be held in Patna. The date is yet to be decided, but BJP sources said it could be either February 24 or March 3.

The surprise announcement by the Chief Minister has raised eyebrows. PM Modi and Nitish Kumar have shared stage at various government functions, but this will be the first time they will come together in a political arena.

The two leaders have not been known for their bonhomie.

In 2013, Mr Kumar had broken away from the NDA when it pitched Mr Modi – then the Chief Minister of Gujarat – as its Prime Ministerial candidate.


The mega rally of the BJP, Mr Kumar’s Janata Dal United and Ram Vilas Paswan’s Lok Janashakti Party will be held in Patna

Even before that, just after the 2002 Gujarat riots, Mr Kumar had made it clear to the BJP’s central leadership that he did not want Mr Modi to campaign in Bihar – a condition which was complied  with in 2005 and 2010 assembly elections and the 2009 parliamentary elections.

After Mr Kumar formed the Grand Alliance with the Congress and Lalu Yadav in the run-up to the assembly elections, the two leaders have been engaged in sharp political attacks against each other.

PM Modi’s barbs on the state’s law and order and Mr Kumar’s political DNA had provided the alliance campaign some much-needed boost ahead of the elections. Mr Kumar had portrayed it as a matter of injury to Bihar’s pride. Thereafter, he became one of the sharpest critics of the Prime Minister in the opposition camp.

Mr Kumar’s return to the BJP in 2017 did not have all his desired results – the Prime Minister had refused to give special state status to Bihar.

But the two leaders had projected cordiality. On many occasions, Mr Kumar had gone to the airport to receive the Prime Minister, who reciprocated by praising the Chief Minister’s implementation of prohibition in the state.

Till a few months ago, their parties have been fighting for an equal share of seats and the knotty question of who will be the face of the NDA campaign in Bihar. The BJP had to give in on both questions.

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World’s 26 Richest Own Same As Poorest Half Of Humanity: Oxfam

The 3.8 billion people at bottom of the scale saw wealth decline by 11% last year (Representational)

Davos, Switzerland: 

The world’s 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality.

A new report from the charity, published ahead of the World Economic Forum in Davos, also found that billionaires around the world saw their combined fortunes grow by $2.5 billion each day in 2018.

The world’s richest man, Amazon CEO Jeff Bezos, saw his fortune increase to $112 billion last year, Oxfam said, pointing out that just one percent of his wealth was the equivalent to the entire health budget of Ethiopia, a country of 105 million people.

The 3.8 billion people at the bottom of the scale meanwhile saw their wealth decline by 11 percent last year, Oxfam said, stressing that the growing gap between rich and poor was undermining the fight against poverty, damaging economies and fuelling public anger.

“People across the globe are angry and frustrated,” warned Oxfam executive director Winnie Byanyima in a statement.

The numbers are stark: Between 1980 and 2016, the poorest half of humanity pocketed just 12 cents on each dollar of global income growth, compared with the 27 cents captured by the top one percent, the report found.

Under-taxing the rich

Oxfam warned that governments were exacerbating inequality by increasingly underfunding public services like healthcare and education at the same time as they consistently under-tax the wealthy.

Calls for hiking rates on the wealthy have multiplied amid growing popular outrage in a number of countries over swelling inequality.

In the United States, new congresswoman Alexandria Ocasio-Cortez made headlines earlier this month by proposing to tax the ultra-rich up to 70 percent.

The self-described Democratic Socialist’s proposal came after President Donald Trump’s sweeping tax reforms cut the top rate last year from 39.6 percent to 37 percent.

And in Europe, the “yellow vest” movement that has been rocking France with anti-government protests since November is demanding that President Emmanuel Macron repeal controversial cuts to wealth taxes on high earners.

“The super-rich and corporations are paying lower rates of tax than they have in decades,” the Oxfam report said, pointing out that “the human costs — children without teachers, clinics without medicines — are huge”.

“Piecemeal private services punish poor people and privilege elites,” it said, stressing that every day, some 10,000 people die due to lacking access to affordable healthcare.

The report, released as the world’s rich, famous and influential began arriving for the plush annual gathering at the luxury Swiss ski resort town, urged governments to “stop the race to the bottom” in taxing rich individuals and big corporations.

Oxfam found that asking the richest to pay just 0.5 percent extra tax on their wealth “could raise more money than it would cost to educate all 262 million children out of school and provide healthcare that would save the lives of 3.3 million people”.

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PM Narendra Modi Attacks Opposition Parties on Upper caste Reservation – पीएम मोदी का विपक्ष पर हमला, बोले

खास बातें

  1. पीएम मोदी का विपक्ष पर हमला
  2. अगड़ी जातियों के आरक्षण को लेकर बोला हमला
  3. बोले- अगड़ी जाति के आरक्षण से विपक्षी दलों की नींद उड़ गई

नई दिल्ली:

प्रधानमंत्री नरेंद्र मोदी ने सामान्य वर्ग में आर्थिक रूप से कमजोर लोगों को शिक्षा और नौकरियों में 10 फीसदी आरक्षण प्रदान करने पर विपक्ष के आरोपों को खारिज करते हुए रविवार को कहा कि सरकार के इस फैसले विपक्षी दलों के लोगों की रातों की नींद उड़ गई है. विपक्ष का आरोप है कि सरकार यह फैसला राजनीति से प्रेरित है और इसका मकसद अगले लोकसभा चुनाव में अगड़ी जातियों का वोट बटोरना है. प्रधानमंत्री ने इसे अतार्किक बताते हुए महाराष्ट्र के हटकांगले, कोल्हापुर, माढ़ा, सतारा और गोवा के दक्षिण गोवा लोकसभा संसदीय क्षेत्र के बूथ स्तर के भाजपा कार्यकर्ताओं से कहा कि फैसले से विपक्षी दलों की रातों की नींद उड़ गई है. उन्होंने कहा कि वे झूठ और अफवाह फैला रहे हैं. 

देश का अगला प्रधानमंत्री कौन बनेगा? जानिये राज्यसभा सांसद अमर सिंह ने क्या कहा…

पीएम मोदी ने कहा, “अगर हमारे फैसले में ताकत कम होती तो उनकी (विपक्षी दलों) की नींद नहीं उड़ती. अब वे झूठ और अफवाह फैला रहे हैं.” उन्होंने कहा कि राष्ट्रहित में ऐतिहासिक फैसला लिया गया. उन्होंने कहा, “हमारी सरकार सबका साथ, सबका विकास में विश्वास करती है. पहली बार ऐसा फैसला लिया गया. उन्होंने (विपक्षी दल) सामाजिक न्याय के लिए कुछ नहीं किया और जब मैंने किया तो वे सो रहे थे. विधेयक 48 घंटे में पास (संसद में) पास हुआ.”

पटना में रैली के साथ लोकसभा के चुनाव अभियान की शुरुआत करेगा एनडीए, पीएम मोदी के साथ मंच साझा करेंगे नीतीश

उन्होंने जोर देकर कहा कि फैसला राजनीति से ऊपर उठकर लिया गया, जोकि संविधान में संशोधन के बिना संभव नहीं था. प्रधानमंत्री ने कहा, “एससी/एसटी और ओबीसी के लिए मौजूदा आरक्षण को बाधित नहीं किया जाएगा. हम शैक्षणिक संस्थानों में 10 फीसदी सीटें बढ़ा रहे हैं. इससे अवसर के नए दरवाजे खुलेंगे. समाज के बड़े वर्ग को न्याय मिलेगा.” उन्होंने पार्टी के काडर से विपक्ष के आरोप का प्रतिकार आक्रामक ढंग से करने की अपील की. 


VIDEO: नरेंद्र मोदी बनेंगे देश के अगले पीएम: अमर सिंह

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Nirmala Sitharaman Chairs Delhi BJP Meet, Some Leaders Skip, Arrive Late

New Delhi: 

The first meeting of the BJP Delhi unit’s core group held on Saturday evening to stratagise on the Lok Sabha elections did not see the participation of two of its parliamentarians while others reached the event in the last minute.

The first such meeting was presided over by Defence Minister Nirmala Sitharama, who has been appointed the party’s election in-charge in the national capital.

Party sources told IANS that north-west Delhi’s Member of Parliament Udit Raj and Union Minister Vijay Goel skipped the meeting while Delhi BJP chief Manoj Tiwari reached minutes before Ms Sitharaman was about to end her speech.

The sources said the party’s west Delhi MP Pravesh Verma arrived after the meeting ended.

Besides Ms Sithraman, the meeting was attended by co-in-charge Jaibhan Singh Pawaiya, Shyam Jaju, Tarun Chugh and other members of the 16-member core group.

Vijay Goel, Minister of State for Parliamentary Affairs, is a Rajya Sabha member from Rajasthan.

Most of the attendees in the meeting whom IANS spoke said it was an organisational affair. But a senior party functionary said, “This shows their seriousness.”

Another party leader said Ms Sitharaman oversaw the party’s preparedness for the 2019 Lok Sabha polls. She told them the BJP cannot afford to lose even a single parliamentary seat, the leader said.

In 2014, the BJP won all the seven Delhi seats with most of its candidates winning by a margin of over one lakh votes.

Sources said Ms Sitharaman will soon start district-wise meetings and her focus would be on looking into complaints by the party workers.

“She told party leaders to mobilise the workers at booth level. We have to reach every voter with the achievements of the Modi government and failures of the AAP government,” a party leader said.

The Aam Aadmi Party (AAP) has said it will contest all the seven constituencies without any alliance with Congress, which recently appointed former Chief Minister Sheila Dikshit as its state chief.

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VIDEO: Team India Reaches New Zealnand, Anushka Sharma too went to cheer Virat understands that your privacy is important to you and we are committed for being transparent about the technologies we use.  This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). This cookie policy should be read together with our Privacy Policy.

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Navjot Sidhu Advocates No Construction Around Kartarpur Gurdwara In Pakistan

Navjot Singh Sidhu also requested for regulating the movement of pilgrims. (File)


Punjab minister and Congress leader Navjot Singh Sidhu wrote a letter to Pakistan Prime Minister Imran Khan on Sunday, requesting him not to allow building of concrete structures around Kartarpur Sahib Gurdwara and to regulate the movement of pilgrims for preserving the sanctity of the historic Sikh shrine.

The cricketer-turned-politician has also written to Prime Minister Narendra Modi, raising similar demands for Dera Baba Nanak in Punjab’s Gurdaspur.

“…as the plans for the development works to be undertaken for the 550th birth anniversary of Baba Nanak (Guru Nanak), the sacredness and serenity of Kartarpur Sahib should not be compromised as hearts of millions of pilgrims across the world yearn for this historic moment,” Mr Sidhu wrote to Mr Khan, also a cricketer-turn-politician.

“To preserve the sanctity of Kartarpur Sahib, I request that in the 104 acres of land that surrounds the Gurudwara Sahib at Kartarpur (in Pakistan), we can avoid building any new concrete structures and altering the historical structures on the sites,” he said.

Mr Sidhu also requested for regulating the movement of pilgrims.

“We must move primarily on foot with an exception only for the elderly, disabled or sick, along with providing accessible amenities such as toilets. Personal transport should be eschewed at all costs. In 104 acres of land walking trails could be developed for people to walk along fields once tilled by Baba Nanak and now preserved in the same sanctity,” he wrote.

The holy land where Baba Nanak spent 18 years of his life be declared a ‘heritage village’, he said.

Gurdwara Darbar Sahib in Kartarpur is located on the banks of the Ravi river in Pakistan, where Guru Nanak Dev, the founder of Sikhism, had spent 18 years of his life.

The Union Cabinet had on November 22 decided to develop and build a passage from Dera Baba Nanak in Gurdaspur district to the International Border.

The foundation stone for the Kartarpur corridor was laid on November 26 last year at Dera Baba Nanak where Union minister Nitin Gadkari had said that his ministry would try to complete the construction work expeditiously.

Kartarpur is located in Shakargarh in Narowal district of Pakistan’s Punjab. The gurdwara in Kartarpur is located about three-four km from the Indo-Pak border.

The Pakistan government had also held the ground-breaking ceremony of the corridor on its side on November 28.

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Leopard Found Hiding Behind Wall In Greater Noida, Attacks Boy

The leopard entered the Sadullapur village in Greater Noida today.

Greater Noida: 

A leopard strayed into a Greater Noida village in the morning today and injured a boy, officials said.

Divisional Forest Officer of Gautam Buddh Nagar BK Srivastava said the incident took place in Sadullapur village.

The animal strayed into the village and took shelter near a boundary wall.

A boy, Komal Kumar, was passing by from the area when the big cat attacked him, injuring him on his back, shoulders and arms.

Doctors said the injuries are minor in nature.

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Sachin Pilot demands central government to bring white paper on his five year works

खास बातें

  1. सचिन पायलट ने केंद्र सरकार पर निशाना साधा
  2. पायलट ने पांच साल के कामकाजों पर श्वेतपत्र लाने की मांग की
  3. ‘राजस्थान सरकार ने युवाओं को मौका प्रदान करने के लिए काम शुरु किया है’


राजस्थान के उपमुख्यमंत्री सचिन पायलट ने रविवार को केंद्र सरकार से उसके कार्यकाल में देश में उसके द्वारा किये गये कार्यों पर एक श्वेतपत्र लाने की मांग की. पायलट ने यहां संवाददाताओं से बाचतीत में कहा, ‘‘मोदी सरकार को अपने कार्यकाल में देश में किये गये अपने कार्यों पर एक श्वेतपत्र जारी करना चाहिए.” उन्होंने कहा कि इस सरकार ने बस समाज के विभिन्न वर्गों को डराने तथा देश के संवैधानिक संस्थानों को नुकसान पहुंचाने का काम किया किया है. वह यहां यंग प्रेसिडेंट ऑर्गनाईजेशन ऑफ इंडिया द्वारा आयोजित ‘टर्निंग द टाईड’ कार्यक्रम में हिस्सा लेने आये थे.    

राजस्‍थान में किसानों की कर्जमाफी के बाद अब युवाओं की बारी, उपमुख्‍यमंत्री सचिन पायलट ने कहा यह…

जब प्रदेश कांग्रेस अध्यक्ष पायलट से राज्य की नयी सरकार के बारे में पूछा गया तो उन्होंने कहा, ‘‘कांग्रेस अध्यक्ष राहुल गांधी ने कहा था कि सरकार और जनता के बीच दूरी खत्म होनी चाहिए. अब राज्य में जनता की सरकार है और हमने सभी संबंधित पक्षों के साथ चर्चा कर जनोन्मुखी नीतियां बनाने की दिशा में काम शुरु किया है.”    

सचिन पायलट को 2019 में UPA सरकार बनने की उम्मीद, कहा- दबाव में है BJP, कारण भी बताया…

उन्होंने कहा कि उनकी सरकार ने किसानों का आर्थिक संकट दूर करने और युवाओं को मौका प्रदान करने के लिए काम शुरु किया है.    


VIDEO: नरेंद्र मोदी बनेंगे देश के अगले पीएम: अमर सिंह

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Woman, 36, Allegedly Slits Roommate’s Throat In Bhubaneswar, Arrested

Police said that since the two women were friends, they are still looking for motive. (Representational)


A 31-year-old woman was allegedly killed by her roommate in Bhubaneswar on Saturday, police said. The roommate has been arrested by the police after she confessed to the crime.

Police said the two women had been staying together for years in a rented house.

The woman’s roommate allegedly used a kitchen knife to slit her throat. Owners of the house saw the body and quickly informed police.

“They were friends so the motive of the killing has not been ascertained,” DCP Anup Kumar Sahu said.

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