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. IAS Exam aspirants can … Updated on 27 June, 2020. SRC: Outlook. It measures income and wealth inequality in a systematic and transparent manner. It measures income and wealth inequality in a systematic and transparent manner. 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. Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 18th December 2019. The report presents new estimates of COVID-19’s impacts on global poverty and inequality. The Global Risk Report by WEF. Dear Students, UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination. 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. The World Social Report 2020 examines the impact of four such megatrends on inequality: technological innovation, climate change, urbanization and international migration. Mains level : Happiness as a measure of progress . The focus of the 2019 Report is on ‘Inequality in Human Development’. clipping emissions of the richest 10 per cent. The report further notes that global inequality has declined in recent years, domestic inequality has risen in many 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. You have successfully subscribed to the newsletter. India’s two adversarial neighbours — China and Pakistan. World Economic Situation and Prospects 2020. Confronting Carbon Inequality, is a new report, released by the Oxfam International and the Stockholm Environmental Institute (SEI) on September . For PRELIMS just note the publisher’s name and the key observations in your Prelims book. Check it by the numbers and take action. Iceland, Norway, and Finland occupy the top three spots in the Report. The United Nations Conference on Trade and Development (UNCTAD), United Nations Department of Economic and Social Affairs (UN DESA) and the five United Nations Regional Economic Commissions have jointly released the World Economic Situation and Prospects 2020 (WESP).. There was an error while trying to send your request. Previous Post Previous Insights into Editorial: Countering growing inequality. 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. 13th September 2020 13th September 2020 Nitu Choudhary Biodiversity, World Wildlife Fund. Amidst the global health and economic crises, the climate crisis continues to grow. The Prime Minister chaired the 33rd interaction involving Central and State governments through PRAGATI ICT platform, and gave important directions. 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. Download the PDF of India's Global Indices ranking 2019. 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. The third edition of the index focuses on Fighting Inequality in the time of COVID-19. GLOBAL COMPETITIVENESS INDEX – The latest edition of the Global Competitiveness Report ranks India at 68th position among 141 countries – that’s 10 ranks below its 2018 position in the same index.. This article will describe in detail India’s rising income inequality and unemployment figures. 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. The Indian Prime Minister recently visited the facilities of three biotechnology companies that are testing different COVID-19 vaccine candidates. 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 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. This means that they are collecting closer to the amount they should be collecting. The Shanghai Cooperation Organisation (SCO) Heads of Government meeting was recently hosted virtually by India. Independent charitable organizations Oxfam published a third edition of the Oxfam’s 2020 Commitment to Reducing Inequality Index report. UNEQUAL CARBON EMISSIONS GROWTH 1990-2015, https://oxfamilibrary.openrepository.com/bitstream/handle/10546/621052/mb-confronting-carbon-inequality-210920-en.pdf. Yashvardhan Kumar Sinha was appointed as the Chief Information Commissioner (CIC). 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%. 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. richest 10% accounted for 46% of emissions. The logic is that the … Continue reading World Inequality Report 2018 Please try again. 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% . Raising resources through variety of taxes has been a tool used by governments all over the world for centuries. The first phase of auction of coal blocks for commercial use witnessed conservative bidding (bids were not very high) from industry players. 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. 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. Executive Summary English | Français | Español | Русский | ا لعربية | 中文 (pdf) Italiano | Português | हिन्दी | Deutsch | Korean(pdf) Global Highlights:. The report was released by World Inequality Lab (WIL), an organisation that aims to promote research on Read More…. The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). NIVAR Cyclone made a landfall 30 km north of Puducherry and 115 km south of Chennai on the night of 25th November. 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. World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings complied by the World Wealth and Income Database (WID). 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. The 2020 report, has analyzed the household wealth of 5.2 billion people across the world. 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. About: Global Wealth Report. Top 10% earners captured 56% of total national income while only 15% of this was shared by the bottom 50%. Key Highlights of Global Nutrition Report 2020. 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. These have many ramifications and are frequently seen in the news; hence the topic is relevant for the UPSC Mains. You can also find us on Twitter and Facebook. McKinsey Report: “The Power of Parity. MENU MENU. According to US space agency NASA, our Milky Way galaxy is filled with 300 million potentially habitable planets. SRC: Outlook. Most workers earn less than half of the minimum wage and. Differentiate between Absolute Poverty and Relative Poverty. Resource mobilisation is a critical function in any economy for ensuring basic facilities to its citizens, and for sustainable growth. 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 World Inequality Report aims to become the reference global report on inequality and to attract extensive coverage in the international media. 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. It is useful for the IAS Exam aspirants to know about the key findings of this report as it will help them complement their UPSC Mains general studies preparation. 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. Global Highlights:. 24,42,200 crore. 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. The report reveals the extreme carbon inequality in recent decades that has driven the world to the climate brink. Following organizations brings out the publication known as ‘ world economic Forum ( WEF ) services ranking! 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