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India among top countries with high income, wealth inequality: new UNDP report

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Wealth Management/ Philanthropy

In India, between 2000 and 2022, per capita income soared from USD 442 to USD 2,389. Whereas, between 2004 and 2019, poverty rates (based on the international poverty measure of USD 2.15 per day) plummeted from 40 to 10 per cent New Delhi: India has emerged among top...

EAC-PM recommends a guaranteed employment scheme and universal basic income to reduce inequality in India

by AIP Online Bureau | May 18, 2022 | Eco/Invest/Demography, Pension & Social Security, Policy

The report also noted that raising minimum income and introducing universal basic income are some of the recommendations that can reduce the income gap and equal distribution of earnings in the labour market “Most importantly, the government must allocate more...

Super-rich thrive as COVID-19 pushes millions into poverty

by AIP Online Bureau | Jan 17, 2022 | Eco/Invest/Demography, International News, Pandemic, Wealth Management/ Philanthropy

A new billionaire has been created every 26 hours since the pandemic began. – More than 160 million people are estimated to have been pushed into poverty during the health crisis The world’s 10 wealthiest people more than doubled their fortunes to $1.5...

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