Wealth of the richest 62 people has risen 44% in the five years since 2010, while that of the bottom half fell by 41%
Globally, just 8 billionaires have same amount of wealth as the poorest 50% of the world population.
More than 90 per cent of India's population belongs to the base tier (less than $10,000, or about Rs 730,000) when it comes to the distribution of wealth.
The number of high net worth individuals grew 20.4 per cent to 2.63 lakh people, while their collective wealth grew 21 per cent to over $1 trillion.
Srichand and Gopichand Hinduja emerged as the 66th richest in the world, as part of an Oxfam study released at the WEF.
The time is ripe for debate on city governments in India.
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
Summary of sports events and persons who made news on Thursday
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
The committee lauded Modi's initiatives to make the government cleaner through anti-corruption measures and demonetisation, it said.
It's time for us to think big, proportionate to our size. By contributing in a big way to the relief operations in quake-hit Haiti, India is making its debut into the league of big nations, writes Manjeet Kripalani.
'The regime -- and particularly the home ministry under Amit Shah -- have sought to suppress and destroy these struggles through intimidation, bullying, threats, through false cases, arrests, custodial torture, the use of draconian laws like the UAPA.'
The Millennium Development Goals (MDGs) aim to halve world poverty by 2015. South Asian countries should include disaster-risk management in national strategic plans, the study 'Rethinking Disasters' released on Thursday by Oxfam said. Two to six per cent of South Asias gross domestic product is lost to disasters every year, the study said.
The award committee recognised his contribution to the growth of Indian and global economies, crediting 'Modinomics' for reducing social and economic disparity between the rich and the poor.
'It behoves us in India to watch how the US is pushing back.' 'It's a lesson in rising to the defence of Constitutional values when the administration won't,' says Mitali Saran.
'Visibility is very important, but visibility is also very expensive.' Swapnil Joglekar explores the Parasite phenomenon.
The 87-year-old has the distinction of being the very first South Asian origin Conservative party candidate to contest a general election back in 1979.
Any NGO critical of the government is unlikely to receive a green signal. The new amendment will leave NGOs vulnerable to harassment. It was the NGO sector that helped provide compassion and food to millions of people during the lockdown. The new Bill will render such cooperation and camaraderie impossible in future, observes Rashme Sehgal.
German Chancellor Angel Merkel, French President Francois Hollande, Chinese Prime Minister Li Keqiang, Pakistan Prime Minister Muhammad Nawaz Sharif and Switzerland President Simonetta Sommaruga would be participating in the 45th edition of the meet.
'We are a young nation. But I wanted to explore the conflict between the young and the old.' 'The cynicism of people who have lived it versus the optimism and naivete of the young.'
'All we are asking is that the Forest Rights Act be fully implemented. It is there in the Constitution of India. For this we have been regularly called anti-national,' says Greenpeace activist Priya Pillai, who was debarred from flying overseas on Sunday.
Quake after quake continue to jolt the Himalayan nation. Aid is arriving in Nepal, but its far flung villages remain cut off, two weeks after the April 25 horror
Narendra Modi's mother washed utensils to make a living. Madhusudan Mistry's grandmother, who brought him up, was a vegetable vendor. Mistry's trajectory from poverty to membership of the all powerful Congress Working Committee is moving. the man who has Rahul Gandhi's ear and is all set to take on Narendra Modi in Vadodara, speaks to Rediff.com's Sheela Bhatt in a fascinating interview.
Heads of state and big-name billionaires opened the Paris climate summit with a bang on Monday.
Racing against time, rescuers on Sunday waded through tonnes of rubble of flattened homes and buildings in Nepal to look for survivors of the earthquake.
The Goqii fitness tracker is a wrist band that measures one's steps, calories burnt, distance travelled, and even tracks the sleeping patterns.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances