However, even the top-performing countries can do much more than what they are doing currently. The population of the squirrel in India declined by 30 per cent over the last two decades. Mains level : Happiness as a measure of progress . Please go through the questions below. 19. This great divide is based on a flawed and sexist economic system that has accumulated vast wealth and power into the hands of a rich few. The first edition - the World Inequality Report 2018 - was released in december 2017. The focus of the 2019 Report is on ‘Inequality in Human Development’. 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. India’s per capita emissions were a fraction of not just the EU (6.78 tCO2 / person). The World Social Report 2020 examines the impact of four such megatrends on inequality: technological innovation, climate change, urbanization and international migration. Expanding low-carbon sectors like health and social care which overwhelmingly benefit women, low-income and marginalized groups. UPSC CSE Mains Result 2019 . This report is on a global scale which showcases the trend in inequality across the world, providing a comparative perspective across countries. The Prime Minister chaired the 33rd interaction involving Central and State governments through PRAGATI ICT platform, and gave important directions. The World Happiness Report for 2020 has been recently released. This great divide is based on a flawed and sexist economic system that has accumulated vast wealth and power into the hands of a rich few. Governments must adopt strong anti-inequality policies on public services, tax and labour rights, to significantly reduce the gap between rich and poor. 13th September 2020 13th September 2020 Nitu Choudhary Biodiversity, World Wildlife Fund. The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). 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 The World Inequality Report 2018 released by the World Inequality Lab last week says that income inequality in India has increased since economic liberalisation. It also tracks the status of inequality around the world. IASbhai will use the information you provide on this form to be in touch with you and to provide updates and marketing. Our broken economy is widening the gap between rich and poor. As expected, the finding has been used by many to argue that the rich should be taxed more to help the poor. 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. Night Mode; Home; Forum; ... Today, Insights is synonymous with UPSC civil services exam preparation. The WHR is an annual publication of the UN Sustainable Development Solutions Network. The grouping comprises: India’s strategic partner and friend, Russia. World Drug Report 2020 Print . 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. 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. This is the 1st part of a 4-series of posts on Important Reports and Indices. For PRELIMS just note the publisher’s name and the key observations in your Prelims book. The report further notes that global inequality has declined in recent years, domestic inequality has risen in many countries. 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. This article will describe in detail India’s rising income inequality and unemployment figures. 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. 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. The richest 10% accounted for 46% of emissions growth; the poorest 50% accounted for 6% . 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. Global Gender Gap Index, 2020(India has ranked 112th among 153) Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 18th December 2019. The logic is that the … Continue reading World Inequality Report 2018 Discuss the reasons for the high and persistent income inequality in the country. It shows that only 26 out of 158 countries were spending a recommended 15% of their budgets on health. Globally, low-income nations have been more tax-progressive. 20. As per Oxfam’s study, the total wealth of 63 Indian billionaires is higher than the union budget of 2018-19 which was Rs. 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 The report also identified India as the country with the highest rates of domestic inequalities in malnutrition. Global Highlights:. Neighbours China (39), Sri Lanka (86), Bhutan (99), Myanmar (106) were placed above India. In Biden’s term as the President, Kamala Harris will become the first woman and first Indian- and African-American Vice-President of the country. The Shanghai Cooperation Organisation (SCO) holds special significance for India. The report presents new estimates of COVID-19’s impacts on global poverty and inequality. The report focuses on the alleviation of global poverty. In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. Let us dive in ! Dear Students, UPSC has time and again asked questions on reports and indices released by important international and national organizations in Prelims examination. The government—both the Centre and the states—accounts for only a third of the annual overall healthcare expenditure in the country. 2.1. In the Gender Inequality Index (GII), India is at 122 out of 162 countries. Check it by the numbers and take action. 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 report forecasts that it may take 202 years to close the gender gap in economic opportunity; Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 10th December 2019 Current Affairs News Analysis for UPSC | 9th Dec 2020, 15 Reasons : Why in 2020 Farmers are Protesting | UPSC, Current Affairs News Analysis for UPSC | 8th Dec 2020, 2nd Edition of Fit India Cyclothon | UPSC, Mains Answer Writing Practice Caravan | 8th Dec 2020, Today’s UPSC Current Affairs Quiz 8th Dec 2020 : Prelims Quiz – 2020. News For UPSC Aspirants . The report underlined the need to focus on clipping emissions of the richest 10 per cent. The Indian Prime Minister recently visited the facilities of three biotechnology companies that are testing different COVID-19 vaccine candidates. This report is on a global scale which showcases the trend in inequality across the world, providing a comparative perspective across countries. Or Call us on- 9354229384, 9354252518, 9999830584. click here The trend is majorly in advanced economies where inequality has risen to historic highs. 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). The world faces an education emergency in 2020. India has successfully launched its latest Earth Observation Satellite EOS-01 and nine customer satellites. 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 2020 report, has analyzed the household wealth of 5.2 billion people across the world. 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. It measures income and wealth inequality in a systematic and transparent manner. WID, also referred to as WID.world, is an open source database that is part of an international collaborative effort … Share. Top 10% earners captured 56% of total national income while only 15% of this was shared by the bottom 50%. McKinsey Report: “The Power of Parity. 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. The report highlights income inequalities , climate fight and the recovery options . 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. You can also find us on Twitter and Facebook. Most workers earn less than half of the minimum wage and. Most of the countries near the top of the index are OECD countries. At the bottom of the public services pillar ranking. As a result, an individual’s opportunities in life remain tethered to their socio-economic status at birth, entrenching historical inequalities. The report warns about strong economic risks, deep political … 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. GS2 Social issues & Justice × Link copied. Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 18th December 2019. 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. When public services are neglected, poor women and girls suffer most.E.g: Girls are pulled out of schoo… For UPSC 2020 Preparation, follow BYJU'S. We have launched our mobile APP get it now. 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. World Economic Situation and Prospects 2020. Main objective of organisation was to work together for reducing poverty and injustice. From UPSC perspective, the following things are important : Prelims level : Highlights of the World Happiness Report for 2020. Firearms are also involved far more often in homicides in the Americas than in other parts of the world. Last year’s rank- 130. It is an annual report that summarizes the labour market performance around the world. SRC: Outlook. Living Planet Report 2020. The index highlights that no country in the world was doing enough to fight inequality prior to the pandemic. Income inequality shocking in India. GIRLS’ RIGHT TO LEARN . Be the first to rate this post. 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. For MAINS this is an important issue ! NASA’s Kepler Space Telescope spent nine years till 2018 on a planet-hunting mission in the Milky Way. According to US space agency NASA, our Milky Way galaxy is filled with 300 million potentially habitable planets. How much of India’s population lives with disabilities? 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%. 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. 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.. Oxfam Report. Global Economic Prospects by World Bank . Joe Biden was recently elected the 46th President of the United States. Four parameters for measuring gender inequality are economic participation and opportunity, health and survival, educational attainment and political empowerment. Get details on India's ranking on other Global Indices for 2019 and 2018. Iceland, Norway, and Finland occupy the top three spots in the Report. Global Financial System Report. The richest 5% (around 315 million people) accounted for over a third (37%) of the total growth in emissions. 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 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. Top 10% earners captured 56% of total national income while only 15% of this was shared by the bottom 50%. India ranked at 129 th position among 158 countries in the 2020 Commitment to Reducing Inequality (CRI) Index. 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 figures of income disparity and unemployment are increasing in the country. Confronting Carbon Inequality, is a new report, released by the Oxfam International and the Stockholm Environmental Institute (SEI) on September . It works with more than 50 governments, international institutions and civil society organisations worldwide to help development financing fight poverty and inequality. Check out the UPSC CSE Mains Result 2019. The World Inequality Report aims to become the reference global report on inequality and to attract extensive coverage in the international media. Focus of World Employment and Social Outlook Report. The report presents new estimates of COVID-19’s impacts on global poverty and inequality. 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 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 Global Risk Report by WEF. UPSC. The Shanghai Cooperation Organisation (SCO) Heads of Government meeting was recently hosted virtually by India. Updated on 27 June, 2020. The Election Commission (EC) has now approached the government to permit Non-Resident Indians (NRIs) to cast their votes through postal ballots. The World Happiness Report. If you liked this article, then please subscribe to our YouTube Channel for Daily Current Affairs , Editorial Analysis & Answer writing video tutorials. This means that they are collecting closer to the amount they should be collecting. 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. Answer Key; Revision Module; Current Affairs Classes (Prelims 2020) Live Class; Mains; Interviews; Syllabus; Papers and Material; Book List; Contact Us; Study Material. richest 10% accounted for 46% of emissions. About: Global Wealth Report. The figures of income disparity and unemployment are increasing in the country. It also states that economic inequality is out of control and has created a great divide in the world. Executive Summary English | Français | Español | Русский | ا لعربية | 中文 (pdf) Italiano | Português | हिन्दी | Deutsch | Korean(pdf) Please try again. E.g. 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. Travel and Tourism Competitiveness Report by WEF. 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. 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). The report warns about strong economic risks, deep political … Share on Share on Copy Link . clipping emissions of the richest 10 per cent. 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. To grasp this, consider the reported finding that the top 1% of income earners received 6% of the total income in the early 1980s, close to 15% of it in 2000, and receives 22% today. World Employment and Social Outlook Trend 2020 – Facts. Throw light on some of the measures adopted by the current government to eliminate the curse of poverty. 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%). 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. (function() {var script=document.createElement("script");script.type="text/javascript";script.async =true;script.src="//telegram.im/widget-button/index.php?id=@bestgsbytes";document.getElementsByTagName("head")[0].appendChild(script);})(); Welcome to UPSC Current Affairs, your number one source for all the ready-to-grasp newspaper content. 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. Also read | Income Inequality in India. In this post, we will discuss important Economy-related reports and indices released by international organizations since the 2018-19. Governments, international institutions and other stakeholders should work together to rapidly improve data on inequality and related policies, and to accurately and regularly monitor progress in reducing inequality. Candidates can check the Infographics for 2016 as well in this article. What are the findings about India's economic progress in the World Inequality Report 2018? December 14, 2017. 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. January 21, 2020 You may also like. 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. NIVAR Cyclone made a landfall 30 km north of Puducherry and 115 km south of Chennai on the night of 25th November. Question: Which of the following organizations brings out the publication known as ‘World Economic Outlook’? 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.. 21 January, 2020 ECONOMIC INEQUALITY The report, titled Time to Care: Unpaid and Underpaid Care Work and the Global Inequality Crisis was … Thus, they have greater scope to spend those revenues on public services and social protection. January 21, 2020 Next post. As expected, the finding has been used by many to argue that the rich should be taxed more to help the poor. 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