The findings of the report will be shared on Monday at the World Economic Forum in Davos, Switzerland. It has also been informed in the report that the total number of billionaires in India has increased from 102 in 2020 to 166 in 2022.
21 Indian billionaires in the country (Indian Billionaire) There are such, whose total wealth is more than 70 crore people of the country. This is the new report of Oxfam India (Oxfam India New Report) have appeared in According to the report, in the wealth of these 21 billionaires of the country Covid-19 Since its inception, till November 2022, there has been an increase of 121 per cent i.e. Rs 3,600 crore daily. Let us tell you what kind of information has been given in this report.
The number of Indian billionaires has increased to 166 in the year 2022.
Oxfam India’s new report “Survival of the Richest: The India Story” According to the study, while only 5% of Indians owned more than 62% of the country’s total wealth in 2021, the bottom 50% owned only 3% of the wealth. The findings of the report will be shared on Monday at the World Economic Forum in Davos, Switzerland. It has also been informed in the report that the total number of billionaires in India has increased from 102 in 2020 to 166 in 2022.
Some special facts of the report
The combined wealth of India’s 100 richest people has reached $660 billion (Rs 54.12 lakh crore), which can fund the entire Union budget for more than 18 months, the report said. On the other hand, if India’s billionaires are taxed once on their entire wealth at the rate of 2 per cent, it can meet the need of Rs 40,423 crore for the nutrition of the malnourished people in the country for the next three years.
Appeal to tax the rich
Against this background, Oxfam India Union Finance Minister Nirmala Sitharaman Has appealed to implement “Progressive Tax Measures” like property tax in the upcoming Union Budget. Oxfam India CEO Amitabh Behar said that the poor are paying disproportionately more tax than the rich. Spending more on essential goods and services. Time has come to tax the rich and ensure that they pay their fair share. We urge the Finance Minister to implement progressive tax measures such as a Wealth Tax and Inheritance Tax that have historically proven effective in tackling inequality.
talk about inequality
The report also talks about huge inequality. According to the report, from 2012 to 2021, 40% of the wealth created in India has gone to only 1% of the population and only 3% has gone to 50% of the population. It has been said in the report that the central government is imposing more taxes on the poor and the middle class than on the rich. About 64 per cent of the total Rs 14.83 lakh crore in GST came from below 50 per cent population in 2021-22. Citing estimates, the report claimed that 33 per cent GST comes from the middle 40 per cent and only 3 per cent from the top 10 per cent. It states that the top 50 per cent of the population pays more than six times the indirect tax as a percentage of income compared to the top 10 per cent.
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