The rich get richer: Economic inequality out of control

THE ECONOMIC TIMES Tue, Jan 21, 2020 | 03:00 PM IST Slideshows Newsletter

The rich get richer: Economic inequality out of control In 2019, the world's billionaires, only 2,153 people, have more wealth than 4.6 billion people. The world's richest 1% have more than twice as much wealth as 6.9 billion people. This is according to Oxfam's annual report on global inequality. What one-bottle restriction at airports holds for you The proposal of Ministry of Commerce to restrict the purchase of tax-free alcohol to one bottle at duty-free shops will disappoint many consumers. Hyundai Aura launched in India; Prices start at Rs 5.79 lakh Hyundai Motor India unveiled its compact sedan Aura which it plans to launch in India in late 2020. Su-30 MKI to guard Indian Ocean Region The Sukhoi-30MKI fighter aircraft, equipped with 'special weapon' BrahMos supersonic cruise missile, inducted at Thanjavur airbase, the first such base in South India. BS6 Royal Enfield Himalayan launched Niche bike maker Royal Enfield launched its model Himalayan with BS-VI compliant engine with price starting at Rs 1.86 lakh (ex-showroom). How you can ace campus placements Placement season at college can be the most exciting but also the most stressful time of your campus life. How Non-Astronauts Can Explore Outer Space There have been a few private citizens before Maezawa who have expressed a desire to indulge in a spot of space tourism, while a few enterprising organisations also offer the same deal to people willing to pay top dollar. How did last 6 budgets of Modi govt impact mutual funds? The finance minister introduced a 10% tax on long term capital gains made in equity schemes over Rs 1 lakh in a financial year, without providing any indexation benefit. Here's how the 'winners' from last year's Budget fared From banks to farmers to the property market, the gains from India's budget in July haven't yet panned out as expected. All you need to know about 'Halwa ceremony' ahead of Budget It marks the beginning of lockdown of several officials in the finance ministry and who remains cut off from their families until the presentation of the Budget by the finance minister in the Lok Sabha.

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day Markets Watch Round up of stock, currency, bond, money and real estate market ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox. Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more. View All

Follow Us on ET:

About us | Advertise with us|Feedback|Sitemap|Code of Ethics © 2020 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here