Inequality

C20 conference discusses inequalities, seeks justice for African kids

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

Covid-19 laid bare elements of inequalities in India, says P Sainath

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

Central banks battling inequality? West might be catching up with India

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

Development incomplete unless poor are free from inequality: Narendra Tomar

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

Dangerous divergence

Growing regional inequality must be addressed

Social Stock Exchange: What kind of organisations can list on it?

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

Job creation, reduced inequality should be key targets for India: Report

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

The record of 75 years: How will India be more whole-heartedly admired?

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

Governments need to take urgent action to combat inequality, says Oxfam

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

The ethics of inequality

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

Wealthy nations carve up space and its riches, leave others behind

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.

Thomas Piketty's equality programme

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

How has India's consumption inequality come down to a four-decade low?

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

Most capitalist Budget, inequality rising in India rapidly: P Chidambaram

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"

Budget should focus on bridging widened inequality in economy: Ex-RBI Guv

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

Tackling inequality

Govt must make the right interventions in the Budget

America's new aristocracy

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

UN faces $100-trn shortfall in fight against climate change, inequality

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

The ultimate scarcity: Overall consumption has stagnated over four years

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

Did inequality increase during pandemic? Wait for more data to get answers

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