Global Index reveals governments split between fighting and fueling inequality

Nigeria, Singapore, India and Argentina are among a group of governments that are fueling inequality, according to a newly released edition of the Commitment to Reducing Inequality Index developed by Oxfam and Development Finance International.  The Index ranks 157 countries on their...

5 books that will change the way you see the world around you

 Away from all the jargon that explains inequality, we bring to you a list of 5 compelling reads, which explain the multidimensional complexity of the problem of inequality. The books below (with descriptions provided by their publishers) will change the way you see the world around you. ...

Implications of Wealth Taxes on Inequality in India

Economic inequality (income and wealth inequality) in India today is very high compared to international and historical standards. Further, due to low tax-GDP ratio and the resultant low spending on public services the situation of inequality is getting accentuated fast. Reforming the whole set of...

Corporate Tax Exemptions

Amidst the growing trends of economic inequality in India, policy makers are continuing to endorse policies to reduce corporate income tax (CIT) rates and provide discretionary tax incentives to corporates in achieving some economic and social gains. But evidence suggests, that India’s corporate...

Oxfam India warns of sharply rising inequality in India

Inequality in India is real and has been rising sharply for the last three decades as an unfortunate legacy of the lopsided policy choices made by successive governments, Oxfam India said today as it published a new report.The report The Widening Gaps: India Inequality Report 2018 provides a...

15 shocking facts about inequality in India

1) India added 17 new billionaires last year, raising the number to 101 billionaires.2) Indian billionaires’ wealth increased by INR 4891 billion —from INR 15,778 billion to over INR 20,676 billion. INR 4891 billion is sufficient to finance 85 per cent of the all states' budget on Health and...

Richest 1 percent bagged 73 percent of wealth created last year - poorest half of India got 1 percent, says Oxfam India

73 percent of the wealth generated last year went to the richest one percent, while 67 crore Indians who comprise the poorest half of the population saw one percent increase in their wealth. In the last 12 months the wealth of this elite group increased by Rs 20,913 billion. This amount is...

Ease of Doing Business and Corporate Taxes

Amidst the growing trends of economic inequality in India, policy makers are continuing to endorse policies to reduce corporate income tax (CIT) rates and provide discretionary tax incentives to corporates in the name of ease of doing business. But evidence suggests, that India’s corporate tax...

Inheritance Tax & Inequality: Global experience and lessons for India

Income and wealth concentration in India today is very high by international and historical standards. One of the factors that is attributable to concentration of wealth is that inherited wealth and invested capital (in the stock market, in real estate) grows faster than income. Taxing this...

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