Despite lifting 271 million people out of poverty between 2005-15, India still remains home to 28% (364 million) of the world’s poor. India’s Vice-President represented India at the meeting. No votes so far! According to the principle used by the Planning Commission of India, 27.5% of the population was living below the poverty line in 2004–2015, reduced down from 51.3% in 1977–1978, and 36% in 1993-1994. The report forecasts that it may take 202 years to close the gender gap in economic opportunity; Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 10th December 2019 Thus, they have greater scope to spend those revenues on public services and social protection. Copyright 2020 - Powered by EliteAppzCreations, India’s health budget fourth lowest in world: Oxfam, Property cards launched, will end disputes, says PM, 8 Indian beaches get coveted ‘Blue Flag’ tag, create record, Best GS Bytes is now UPSC Current Affairs, What does president-elect Joe Biden mean to India and its relationship with the US, Economic Concerns: GDP growth plunges to 4.5%, UN decides cannabis not a dangerous narcotic, India too votes to reclassify, Native squirrel could vanish from NE after 2050. About Oxfam International: • Oxfam International was established in 1995 by a group of independent non-governmental organizations. The World Happiness Report. Share. Expanding low-carbon sectors like health and social care which overwhelmingly benefit women, low-income and marginalized groups. Income inequality shocking in India. The first edition - the World Inequality Report 2018 - was released in december 2017. Firearms are also involved far more often in homicides in the Americas than in other parts of the world. The Election Commission (EC) has now approached the government to permit Non-Resident Indians (NRIs) to cast their votes through postal ballots. December 14, 2017 According to World Inequality Report 2018, Income inequality in India has reached historically high levels with share of national income accruing to India’s top 1% earners touching 22% in 2014, while share of top 10% was around 56%. India’s two adversarial neighbours — China and Pakistan. Ease of Doing Business by IBRD (World Bank) 22. India ranks 68th in the Global Competitive Index 2019 while in 2018, India ranked 58th. Living Planet Report 2020. MENU MENU. Check out the UPSC CSE Mains Result 2019. Context: The release recently of the World Inequality Report 2018 has brought into focus an aspect of economic progress in India.This is the continuous growth in inequality here since the mid-1980s. Top 10% earners captured 56% of total national income while only 15% of this was shared by the bottom 50%. Independent charitable organizations Oxfam published a third edition of the Oxfam’s 2020 Commitment to Reducing Inequality Index report. Reports & Index . World Inequality report, released by World Inequality Lab states that - Top 0.1 % of earners captured more share in economic growth than the bottom 50%. the objective of the World Inequality Report 2018 is to contribute to a more inIormed global democratic debate on economic inequality by Raising resources through variety of taxes has been a tool used by governments all over the world for centuries. World Happiness Report 2019: SDSN-Sustainable Development Solution Network: The Global risk report 2019: WEF (World Economic Forum) Widening Gaps – India Inequality Report: Oxfam India: Multidimensional Poverty Status: Oxford: World Economic Outlook 2019: IMF (International Monetary Fund) World Employment and Social Outlook Trends 2019 The WHR is an annual publication of the UN Sustainable Development Solutions Network. Night Mode; Home; Forum; ... Today, Insights is synonymous with UPSC civil services exam preparation. It further states that the share of national income captured by top 1 % was 22% in 2014. The Indian Prime Minister recently visited the facilities of three biotechnology companies that are testing different COVID-19 vaccine candidates. The report also identified India as the country with the highest rates of domestic inequalities in malnutrition. 2. We’re dedicated to giving you the very best of the fruitful summary, with a focus on current affairs, only useful information, and of course, time saving information excerpts from daily newspaper articles. We have launched our mobile APP get it now. World Bank report of 2015 estimates, 42% of India’s population falls below the international poverty line of $1.25 a day; has reduced from 60% in 1980. GLOBAL COMPETITIVENESS INDEX. THE ERA OF EXTREME CARBON INEQUALITY The richest 10% of humanity accounted for 52% of the cumulative emissions, depleting the global carbon budget for 1.5C by nearly a third (31%). You have successfully subscribed to the newsletter. The three companies are Zydus Cadila (vaccine candidate – ZyCoV-D), Bharat Biotech (vaccine candidate – Covaxin) and Serum Institute of India (SII) (vaccine candidate – Covishield). It shows that only 26 out of 158 countries were spending a recommended 15% of their budgets on health. In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The report presents new estimates of COVID-19’s impacts on global poverty and inequality. Key findings of the report A key finding of 2019’s report is that China has overtaken the US this year to become “the country with most people in the top 10% of global wealth distribution. This highlights theintensity of the concentration of wealth. The richest 10% accounted for 46% of emissions growth; the poorest 50% accounted for 6% . World Inequality report, released by World Inequality Lab states that - Top 0.1 % of earners captured more share in economic growth than the bottom 50%. Answer Key; Revision Module; Current Affairs Classes (Prelims 2020) Live Class; Mains; Interviews; Syllabus; Papers and Material; Book List; Contact Us; Study Material. How much of India’s population lives with disabilities? McKinsey Report: “The Power of Parity. What are the findings about India's economic progress in the World Inequality Report 2018? The World Social Report 2020 examines the impact of four such megatrends on inequality: technological innovation, climate change, urbanization and international migration. In the Gender Inequality Index (GII), India is at 122 out of 162 countries. 13th September 2020 13th September 2020 Nitu Choudhary Biodiversity, World Wildlife Fund. As expected, the finding has been used by many to argue that the rich should be taxed more to help the poor. The World Inequality Report updates and extends the famous elephant curve, showing slower gains for much of the globe, and even more concentration of economic growth in the top 1 percent. If gender gap is filled by 2025 then Indian GDP could increase by 60%; Gender inequality in India is extremely high at the workplace and in terms of legal protection and political voice. Read In-depth analysis of all the Editorials here News: Oxfam Inequality report 'Public Good or Private Wealth' reflects the gap between the rich and poor in this world. Before the appointment, he has been serving as an Information Commissioner (IC) in the Central Information Commission since January 1, 2019. It enables a small elite to accumulate vast wealth at the expense of hundreds of millions of people, often women, who are scraping a living on poverty pay and denied basic rights. Context: The World Drug report 2020 was released by the UN Office on Drugs and Crime (UNODC) on the International Day Against Drug Abuse celebrated every year on 26th June. The report further notes that global inequality has declined in recent years, domestic inequality has risen in many countries. Income inequality shocking in India. Globally, low-income nations have been more tax-progressive. By developing this report, the World Inequality Lab seeks to fill a democratic gap and to equip various actors of society with the necessary facts to engage in informed public debates on inequality. Joe Biden was recently elected the 46th President of the United States. The quarterly Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI) showed there was a steady dip in urban unemployment rate in October-December 2019, before nationwide lockdowns began. (function() {var script=document.createElement("script");script.type="text/javascript";script.async =true;script.src="//telegram.im/widget-button/index.php?id=@bestgsbytes";document.getElementsByTagName("head")[0].appendChild(script);})(); Welcome to UPSC Current Affairs, your number one source for all the ready-to-grasp newspaper content. It seeks to fill a democratic gap and to equip various actors of society with the necessary facts to engage in informed public debates on inequality. The report focuses on the alleviation of global poverty. India ranked at 129 th position among 158 countries in the 2020 Commitment to Reducing Inequality (CRI) Index. These have many ramifications and are frequently seen in the news; hence the topic is relevant for the UPSC Mains. The World Economic Forum, which organises the well-known annual gathering of the world’s most influential business and political decision-makers in the ski-resort of Davos (Switzerland), has come out with its first-ever Global Social Mobility Report, which has ranked India a lowly 72 out of the 82 countries profiled. By 2050, the world will likely have to feed 10 billion people, but that does not mean that the production has to be doubled. Governments, international institutions and other stakeholders should work together to rapidly improve data on inequality and related policies, and to accurately and regularly monitor progress in reducing inequality. Also read | Income Inequality in India. GS2 Social issues & Justice × Link copied. As per Oxfam’s study, the total wealth of 63 Indian billionaires is higher than the union budget of 2018-19 which was Rs. Global Gender Gap Index, 2020(India has ranked 112th among 153) Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 18th December 2019. The logic is that the … Continue reading World Inequality Report 2018 Check it by the numbers and take action. IASbhai will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please go through the questions below. India’s agricultural exports are up 4.6% year-on-year in dollar terms during April-September, even while the overall goods exports saw a decline. The first 1,000 days of human existence are an amazing journey. As expected, the finding has been used by many to argue that the rich should be taxed more to help the poor. Young men are especially at risk, with a homicide rate for men aged 18 to 19 estimated at 46 per 100,000 – far higher than the risk faced by their peers in other regions. The report highlights income inequalities , climate fight and the recovery options . Now in its 14th year, the Global Gender Gap Report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival and Political Empowerment. India has successfully launched its latest Earth Observation Satellite EOS-01 and nine customer satellites. clipping emissions of the richest 10 per cent. Insights has redefined the way preparation is done in UPSC civil service exam. From UPSC perspective, the following things are important : Prelims level : Highlights of the World Happiness Report for 2020. The links between poverty, gender inequality and poor nutrition for girls mean that the COVID-19 crisis presents a grave threat to already inadequate progress. The report warns about strong economic risks, deep political … The first phase of auction of coal blocks for commercial use witnessed conservative bidding (bids were not very high) from industry players. December 3 is marked by the United Nations as the International Day for Persons with Disabilities (PwD), to promote a more inclusive and accessible world for the differently-abled and to raise awareness for their rights. The report underlined the need to focus on, The richest 1% alone accounted for over 15% of the, The richest 5% (around 315 million people) accounted for over a third (37%) of the. The third edition of the index focuses on Fighting Inequality in the time of COVID-19. The figures of income disparity and unemployment are increasing in the country. It measures income and wealth inequality in a systematic and transparent manner. The Malayan Giant Squirrel, found in the forests of India’s Northeast, may soon disappear, as per a study by the Zoological Survey of India (ZSI). The WESO report mentions its findings in multiple aspects, a few of the important ones mentioned below: Rise in discontent with social, political, and economic situations – 7 out 11 subregions of the world saw an increase in the incidents of protests in 2019. Question: Which of the following organizations brings out the publication known as ‘World Economic Outlook’? It shows that only 26 out of 158 countries were spending a recommended 15% of their budgets on health. The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). Previous Post Previous Insights into Editorial: Countering growing inequality. It is an annual report that summarizes the labour market performance around the world. It believes that poverty and powerlessness are avoidable and can be eradicated by human action and political will. NIVAR Cyclone made a landfall 30 km north of Puducherry and 115 km south of Chennai on the night of 25th November. Pandemic-related job losses and deprivation worldwide are hitting already-poor and vulnerable people hard. In addition, this year’s report examines gender gap prospects in the professions of the future. When public services are neglected, poor women and girls suffer most.E.g: Girls are pulled out of schoo… Throw light on some of the measures adopted by the current government to eliminate the curse of poverty. As things stand, just 47 million people – accounting for merely 0.9% of the world’s adult population – owned $158.3 trillion, which is almost 44% of the world’s total wealth. If you liked this article, then please subscribe to our YouTube Channel for Daily Current Affairs , Editorial Analysis & Answer writing video tutorials. Per capita consumption footprints more than 100 times higher than the poorest 50%. Governments must adopt strong anti-inequality policies on public services, tax and labour rights, to significantly reduce the gap between rich and poor. News For UPSC Aspirants . Mains level : Happiness as a measure of progress . 21. The population of the squirrel in India declined by 30 per cent over the last two decades. 20. Or Call us on- 9354229384, 9354252518, 9999830584. click here 2.1. This article will describe in detail India’s rising income inequality and unemployment figures. The Union Cabinet has approved the Phase II and Phase III of Dam Rehabilitation and Improvement Project (DRIP) to improve the safety and operational performance of 736 dams in 19 states. World Economic Situation and Prospects 2020. World Inequality Report It is published by World Inequality Lab at the Paris School of Economics. Global Highlights:. The World Happiness Report for 2020 has been recently released. Context. January 21, 2020 You may also like. It also tracks the status of inequality around the world. It seeks to fill a democratic gap and to equip various actors of society with the necessary facts to engage in informed public debates on inequality. World Inequality Report 2018 The World Inequality Report 2018 released by the World Inequality Lab last week says that income inequality in India has increased since economic liberalisation. Neighbours China (39), Sri Lanka (86), Bhutan (99), Myanmar (106) were placed above India. BIS (Bank for International Settlements) The "elephant graph" created by Christoph Lakner and Branko Milanovic in a 2013 World Bank paper has become perhaps the most talked-about chart in international economics over the past few years. 19. It further states that the share of national income captured by top 1 % was 22% in 2014. Context: India has ranked 112th among 153 countries in the annual Global Gender Gap Index for 2020, The Report was published by the World Economic Forum (WEF) recently. The Shanghai Cooperation Organisation (SCO) Heads of Government meeting was recently hosted virtually by India. Editorial Analysis: Answering farmers’ knock, Char Dham road project vital to national security, govt tells SC, EC ready to allow postal ballots for NRIs, At SCO, India slams Pak for using terror as state policy, PM reviews projects worth Rs 1.41 lakh crore at 33rd PRAGATI meeting, Editorial Analysis: How India can benefit from SCO, India successfully launches earth observation satellite EOS-01, Our galaxy holds at least 300 million potentially habitable planets: Study, Sinha takes charge as CIC; 3 ICs take oath, Editorial Analysis: Sustainable agriculture: Incentivise ecosystem services, Conservative bidding in phase 1; low revenue sharing welcomed, In a mirror of economy, agricultural exports grow amid overall decline, Editorial Analysis: Nutritional security: Getting it right in the first 1,000 days, Cabinet nod to programme for maintaining, improving 736 dams, Editorial Analysis: Get taxation right for mobilising resources, Steady dip in urban unemployment rate before lockdown, finds survey, Editorial Analysis: Co-op hospitals a good idea but expanding healthcare will need govt to invest a lot more, The index doesn’t aim to measure inequality, instead it, As a result, many have faced death and destitution (extreme poverty), and. 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