Inequality Current Affairs, GK & News

Inequality  Current Affairs, GK & News

Facts Box: ILO’s Labour Report, 2020

The International Labour Organization released its “The World Employment and Social Outlook: Trends 2020” (WESO) report. The report stated that the global unemployment has been stable for the last nine years. However, slowing economic growth means that for the increasing labour force, no new jobs are created. Highlights: World The report has projected that the ..

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October 24: UN Day

The UN Day marks the entry into force of the UN Charter in 1945. However, the day is being commemorated since 1948. In 1971, UN recommended that the day be observed as public holiday by member nations. Next year, October 24, 2020 UN completes its journey of successful 75 years. In order mark the anniversary, ..

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Rich-poor divide increasing rapidly: Study

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%. The report was released by World Inequality Lab (WIL), an organisation that aims to promote research on ..

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Richest 1% own 58% of total wealth in India: Oxfam Study

According to study conducted by rights group Oxfam, India’s richest 1% now hold a huge 58% of the country’s total wealth, indicating rise income inequality. It is higher than the global figure of about 50%. It shows that 57 billionaires in India now have same wealth ($216 billion) as that of the bottom 70% population ..

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