Inequality

Inequalities in the world, particularly in Sub-Saharan Africa where a large number of children are out of school to work as labourers, was among the highlights of the second day of the Civil20 India 2023 inception meet here on Tuesday. The conference had 'Civil Society Organisations and Promotion of Human Values' as its theme. C20 is one of the official Engagement Groups of the G20 that provides a platform for Civil Society Organizations around the world to voice the people's aspirations to the world leaders of G20. Owain James, global director of the 100 Million Campaign, a youth-led call to action for a world where all young people are free, safe and educated, called for justice for Africa's children, said a government release. He said there has been a rise in the number of Sub-Saharan Africans living on less than $2.15 a day since 2015. The number of child labour and children out of school is also increasing in Sub-Saharan Africa, he said. The continent has some of the best natu

The Covid-19 pandemic was an "extraordinary revelatory moment" in the history of India when the elements of inequalities in the society were laid bare, columnist and writer P Sainath said on Wednesday. Sainath said even though the inequalities existed earlier, it was the coronavirus pandemic that gave a "most searing, unsparing, brilliant and thorough autopsy of the society". "It showed us the society we are. What it showed was there earlier also, but this time we couldn't turn our heads away," Sainath said at the Sunil Memorial Lecture, which was held in the memory of socialist leader Sunil Gupta, at the Jawaharlal Nehru University in New Delhi. Speaking on the topic "India in the age of inequality", he said it became difficult for people to "turn their heads away from the corpse of Indian inequalities" during the time. "The corpse is on the table and every nerve, sinew, vein, artery, every bone, organ is on naked display. All the elements of our inequalities were laid bare on the

A paper asks whether central banks should care about inequality. In India, the RBI has been doing it for decades

Development of any country cannot be complete unless poor people are freed from inequality and brought into the mainstream, Union Agriculture Minister Narendra Singh Tomar has said, asserting that the Modi government has been working on this objective in a planned manner. Prime Minister Narendra Modi has been striving hard to increase the credibility of the country globally, he said. Tomar was addressing the 8th General Meeting of MahaFPC, a state-level farmer producer company, in Pune on Thursday as its chief guest. "The development journey of any nation cannot be complete unless the poor are free from inequality. Similar was the situation in the country as almost half of the population did not have bank accounts, crores of families did not have toilets, electricity, gas cylinders in their kitchen or houses to live in. PM Modi took the initiative to remove these inequalities," a press release quoted Tomar as saying. Now, houses for the poor are being built under the Pradhan Mantri

Growing regional inequality must be addressed

Sebi says non-profit organisations that work on eradicating hunger, poverty, and inequality, among other activities, can list on exchange

Study says growth in prosperity also needs to be environmentally sustainable and must be solid and resilient in the face of external shocks

If India addresses its institutional and policy failures, reduces its inequalities and addressing its iniquities over the next 25 years, that would truly make it an Indian century, writes T N Ninan

The combination of COVID-19, rising inequality, and rising food prices could push as many as 263 million people into extreme poverty in 2022, Oxfam said

It's not good enough to be rich if you are a Dalit as well

In the not-so-distant future, the ability to extract resources from the Moon and asteroids could become a major point of difference between the space haves and have-nots.

Although Piketty favours much higher income tax rates, policies that redistribute property rather than income are the heart of his programme

A recent IMF working paper said that India's consumption inequality during the Covid-affected 2020-21 fell to near the lowest level in the last 40 years. It was due to the govt's free ration scheme

P Chidambaram said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country"

The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday

Govt must make the right interventions in the Budget

Book review of THE 9.9 PERCENT: The New Aristocracy That Is Entrenching Inequality and Warping Our Culture

Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion

Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan

It might be in the nature of economic modernization and industrialization for inequality to at first increase and then decline.