CURRENT AFFAIRS

Detailed explanation-1: -Oxfam Report On Indian Situation. Growing Inequalities: The report claims that although 84% of households in the nation saw their incomes decrease in 2021, the number of billionaires in India increased from 102 to 142.

Detailed explanation-2: -Oxfam International has released a report titled Inequality Kills. It talks about how the wealth is accumulated among a few persons and the rest of the people live in distress and poverty. Since the COVID-19 pandemic, the world’s ten richest men have doubled their fortunes while the incomes of 99% of humanity fell.

Detailed explanation-3: -Oxfam India’s report on inequality in India released on Monday finds that just 5 per cent of Indians own more than 60 per cent of the country’s wealth, while the bottom 50 per cent of the population possess only 3 per cent of the wealth.

Detailed explanation-4: -Oxfam’s “Survival of the Richest” Report According to a new study by Oxfam International, the richest 1% of people in India now own more than 40% of the country’s total wealth, while the bottom half of the population together share just 3% of wealth.