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. 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. The richest 1% alone accounted for over 15% of the cumulative emissions, using up 9% of the carbon budget: more than twice the poorest 50% . How much of India’s population lives with disabilities? There was an error while trying to send your request. 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 About Oxfam International: • Oxfam International was established in 1995 by a group of independent non-governmental organizations. IASbhai will use the information you provide on this form to be in touch with you and to provide updates and marketing. News For UPSC Aspirants . It is an annual report that summarizes the labour market performance around the world. The figures of income disparity and unemployment are increasing in the country. This report is on a global scale which showcases the trend in inequality across the world, providing a comparative perspective across countries. Let us dive in ! Also read | Income Inequality in India. Insights has redefined the way preparation is done in UPSC civil service exam. 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. The grouping comprises: India’s strategic partner and friend, Russia. The most urgent policy measures include a global commitment and funding to ensure that COVID-19 vaccines will be free to all countries. World Economic Situation and Prospects 2020. Share on Share on Copy Link . Living Planet Report 2020. Wealth is defined in terms of “net worth” of an individual. richest 10% accounted for 46% of emissions. From 1990 to 2015, a critical period in which annual emissions grew 60% and cumulative emissions doubled, the report estimates that: Between 1990 and 2015 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. Previous Post Previous Insights into Editorial: Countering growing inequality. IAS Exam aspirants can … These UPSC Notes on income inequality in India and related problems are aligned with the UPSC Syllabus and aspirants should prepare this topic for General Studies Paper I. 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. Focus of World Employment and Social Outlook Report. Global Highlights:. 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). For PRELIMS just note the publisher’s name and the key observations in your Prelims book. The index highlights that no country in the world was doing enough to fight inequality prior to the pandemic. 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. Main objective of organisation was to work together for reducing poverty and injustice. Only26 people on the earth now own the same amount of resources as the 3.8 billion people. 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. Oxfam Report. This report is on a global scale which showcases the trend in inequality across the world, providing a comparative perspective across countries. By 2050, the world will likely have to feed 10 billion people, but that does not mean that the production has to be doubled. World Inequality Report 2018 World Inequality Report 2018 Income inequality in India has risen over the last three decades and a half with the top 10% of earners cornering 55% of the national income in 2016, the worst level among major economic blocks, except West Asia, says a report by global researchers. You can also find us on Twitter and Facebook. 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. It also states that economic inequality is out of control and has created a great divide in the world. The first 1,000 days of human existence are an amazing journey. Get details on India's ranking on other Global Indices for 2019 and 2018. Four parameters for measuring gender inequality are economic participation and opportunity, health and survival, educational attainment and political empowerment. The report thus called for a root-and-branch detoxifying of human behaviour. 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. 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. 21 January, 2020 ECONOMIC INEQUALITY The report, titled Time to Care: Unpaid and Underpaid Care Work and the Global Inequality Crisis was … With higher gross domestic products (GDP), they have much more scope to raise tax revenues because they have more citizens and corporations with higher incomes. This highlights theintensity of the concentration of wealth. Richest 1% emit twice as much carbon as poorest 50%: Oxfam report, A rich person contributes more to the climate crisis than a poor person. January 21, 2020 Next post. World Economic Situation and Prospects 2020. The report was released by World Inequality Lab (WIL), an organisation that aims to promote research on Read More…. Before the appointment, he has been serving as an Information Commissioner (IC) in the Central Information Commission since January 1, 2019. Please go through the questions below. Check it by the numbers and take action. In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. 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%). Firearms are also involved far more often in homicides in the Americas than in other parts of the world. India’s two adversarial neighbours — China and Pakistan. The report focuses on the alleviation of global poverty. Global Financial System Report. According to a report by the Johannesburg-based company New World Wealth, India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. World Employment and Social Outlook Trend 2020 – Facts. World Drug Report 2020 Print . 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. The report, to be released in the last quarter of the year, will provide a comprehensive picture of the many forms of inequality that are shaping the 21st Century. In the Gender Inequality Index (GII), India is at 122 out of 162 countries. 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. Download the PDF of India's Global Indices ranking 2019. The world faces an education emergency in 2020. The Global Gender Gap Report, 2018, ranks India at 142 among 149 countries. The World Happiness Report for 2020 has been recently released. 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. 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 report reveals the extreme carbon inequality in recent decades that has driven the world to the climate brink. However, even the top-performing countries can do much more than what they are doing currently. It shows that only 26 out of 158 countries were spending a recommended 15% of their budgets on health. Confronting Carbon Inequality -Putting climate justice at the heart of the COVID-19 recovery. The Supreme Court has directed the High Powered Committee on Char Dham project to consider afresh the applications by the Defence Ministry and the Ministry of Road Transport and Highways seeking widening of roads in the border areas. These have many ramifications and are frequently seen in the news; hence the topic is relevant for the UPSC Mains. The report underlined the need to focus on clipping emissions of the richest 10 per cent. India ranks 68th in the Global Competitive Index 2019 while in 2018, India ranked 58th. The index highlights that no country in the world was doing enough to fight inequality prior to the pandemic. The WHR is an annual publication of the UN Sustainable Development Solutions Network. Question: Which of the following organizations brings out the publication known as ‘World Economic Outlook’? Reports indicated that India still is a country with huge people living in poverty line and it has a third rank of the world's poor. Read more. 13th September 2020 13th September 2020 Nitu Choudhary Biodiversity, World Wildlife Fund. Despite lifting 271 million people out of poverty between 2005-15, India still remains home to 28% (364 million) of the world’s poor. This article will describe in detail India’s rising income inequality and unemployment figures. The report signifies partly changing the profile of global poverty by creating millions of “new poor.” The governments are exacerbating inequality by underfunding public services, such as healthcare and education, on the one hand, while under-taxing corporations and the wealthy, and failing to clamp down on tax avoidance on the other. IASbhai is a premier IAS institute serving the nation by producing the best civil servants who can contribute the HIGHEST STANDARDS OF ADMINISTRATION to build  NEW INDIA. It also tracks the status of inequality around the world. Global Highlights:. January 21, 2020 You may also like. The third edition of the index focuses on Fighting Inequality in the time of COVID-19. This, is calculated by adding up the value of financial assets (such as money) and real assets (such as houses) and then subtracting any debts an individual may have. 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%. Globally, low-income nations have been more tax-progressive. UPSC CSE Mains Result 2019 . When public services are neglected, poor women and girls suffer most.E.g: Girls are pulled out of schoo… Income inequality shocking in India. It measures income and wealth inequality in a systematic and transparent manner. Top 10% earners captured 56% of total national income while only 15% of this was shared by the bottom 50%. 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. 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. Raising resources through variety of taxes has been a tool used by governments all over the world for centuries. The report generally tracks both the growth and distribution of wealth – in terms of the numbers of millionaires and billionaires and the proportion of wealth that they hold. The World Happiness Report. 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. No votes so far! 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. The summit meeting was attended by the prime ministers of all other member-states – except India and Pakistan. Global Economic Prospects by World Bank . It also states that economic inequality is out of control and has created a great divide in the world. NASA’s Kepler Space Telescope spent nine years till 2018 on a planet-hunting mission in the Milky Way. Please try again. 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. The headline finding of the report is that most economies are failing to provide the conditions in which their citizens can thrive, often by a large margin. These UPSC Notes on income inequality in India and related problems are aligned with the UPSC Syllabus and aspirants should prepare this topic for General Studies Paper I.. GS2 Social issues & Justice × Link copied. As a result, an individual’s opportunities in life remain tethered to their socio-economic status at birth, entrenching historical inequalities. Executive Summary English | Français | Español | Русский | ا لعربية | 中文 (pdf) Italiano | Português | हिन्दी | Deutsch | Korean(pdf) The focus of the 2019 Report is on ‘Inequality in Human Development’. Last year’s rank- 130. 19. Candidates can check the Infographics for 2016 as well in this article. 24,42,200 crore. The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). 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 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 report presents new estimates of COVID-19’s impacts on global poverty and inequality. Night Mode; Home; Forum; ... Today, Insights is synonymous with UPSC civil services exam preparation. Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 18th December 2019. UPSC. Key Highlights of Global Nutrition Report 2020. 20. Post navigation. For UPSC 2020 Preparation, follow BYJU'S. 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. As expected, the finding has been used by many to argue that the rich should be taxed more to help the poor. If you liked this article, then please subscribe to our YouTube Channel for Daily Current Affairs , Editorial Analysis & Answer writing video tutorials. Extreme weather disasters have not stalled during the COVID-19 pandemic – from, This serves as a potent reminder that the world stands perilously close to, Reduction of the per capita footprint to the 1.5°C-consistent level by 2030, Reducing the per capita footprint of the richest 10% to the 1.5C-consistent level by 2030 would, Wealth taxes, luxury carbon taxes – such as, Improving energy efficiency of housing, especially to, The largest share of emissions by the rich was from, About half of the emissions of the richest 10 per cent are associated with, In comparison, the per capita emissions of the richest 10 per cent Americans were 52.4 tonnes — almost, The report briefly acknowledged the intersectionality of. Global Social Mobility Index 2020: why economies benefit from fixing inequality Download PDF The World Economic Forum has created a new index to measure social mobility, providing a much-needed assessment of the current state of social mobility worldwide. World Inequality Report It is published by World Inequality Lab at the Paris School of Economics. In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19. 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. About: Global Wealth Report. 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. The Indian Prime Minister recently visited the facilities of three biotechnology companies that are testing different COVID-19 vaccine candidates. Context. The UN Commission on Narcotic Drugs (CND) recently voted to remove cannabis and cannabis resin from the list of most dangerous substances – the Schedule IV of the Single Convention on Narcotic Drugs, 1961. Or Call us on- 9354229384, 9354252518, 9999830584. click here India’s position: India’s rank- 129. The government—both the Centre and the states—accounts for only a third of the annual overall healthcare expenditure in the country. It further states that the share of national income captured by top 1 % was 22% in 2014. India has successfully launched its latest Earth Observation Satellite EOS-01 and nine customer satellites. The Global Risk Report by WEF. The richest 10% accounted for 46% of emissions growth; the poorest 50% accounted for 6% . Confronting Carbon Inequality, is a new report, released by the Oxfam International and the Stockholm Environmental Institute (SEI) on September . From UPSC perspective, the following things are important : Prelims level : Highlights of the World Happiness Report for 2020. Our broken economy is widening the gap between rich and poor. The first phase of auction of coal blocks for commercial use witnessed conservative bidding (bids were not very high) from industry players. The report reveals the extreme carbon inequality in recent decades that has driven the world to the climate brink. For MAINS this is an important issue ! World Bank report of 2015 estimates, 42% of India's population falls below the international poverty line of $1.25 a day; having reduced from 60% in 1980. International institutions and civil society organisations worldwide to help the poor it that. The Infographics for 2016 as well in this Post, we will discuss important reports! 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