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India’s richest 1% own more than 40% of total wealth: Oxfam

by AIP Online Bureau | Jan 16, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121 per cent or Rs 3,608 crore per day in real terms, Oxfam said On the other hand, approximately 64 per cent of the total Rs 14.83 lakh crore in Goods and Services Tax (GST)...

Networth of richest-1% double of rest of world: Oxfam

by AIP Online Bureau | Jan 16, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

During the past decade, the richest 1 per cent had captured around half of all new wealth, it added, while noting that extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. ”Women and girls often eat least and last, and...

Pandemic creates new billionaire every 30 hours: Oxfam at Davos

by AIP Online Bureau | May 23, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

”We expect this year that 263 million more people will crash into extreme poverty, at a rate of a million people every 33 hours,” Oxfam International said. Davos: As the rich and powerful from across the globe gather here for the World Economic Forum...

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