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New Delhi [India], August 4 (ANI): Around 60 per cent of India's Uber rich wealth is still parked in real estate and gold, according to a report by Bernstein. Uber rich individuals includes Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class. The report stated 'Uber Rich own approx. USD 2.7 Tn in serviceable assets, approx. 60 per cent wealth still parked in real-estate & gold'. As per the report, India's total household assets are valued at USD 19 ...Read More >
New Delhi, July 18 (MExN): Ministry of Tribal Affairs (MoTA) and Coal India Ltd (CIL) has partnered for improving the quality of education given to the tribal students in the state of Chhattisgarh. CIL will support 68 Eklavya Model Residential Schools (EMRS) in Chhattisgarh under its Corporate Social Responsibility (CSR), which will be benefiting more than 28000 tribal students, stated a PIB update. Ministry of Tribal Affairs, Government of India establishes EMRS to impart quality education to ...Read More >
Chennai: Despite a 90 per cent mobile money account ownership rate, due to its large population India has the largest number of adults without accounts in the world, according to the World Bank. A large-population economy can have a high rate of account ownership and still be home to many people without accounts. For instance, both China and India have account ownership rates of nearly 90 percent, yet they are also home to the largest number of adults without accounts, the report said. The fiv ...Read More >
New Delhi, Jul 7 (PTI) The Congress on Monday termed as "fraudulent" and "intellectually dishonest" the government's assertion that India is among the world's most equal countries, and said the Modi government cannot simply wish away the stark reality of deepening inequalities by "doctoring data". The opposition party's attack came after an official release, citing World Bank data, said inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal ...Read More >
India is much better placed than countries like China, the USA and the United Kingdom. (Representational) New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the re ...Read More >
New Delhi, Jul 5: India has emerged as one of the most income-equal countries in the world, ranking fourth globally with a Gini Index score of 25.5, according to the latest World Bank data as reported by TOI. This places India ahead of major economies including China (35.7), the United States (41.8), and all G7 and G20 nations. Only the Slovak Republic, Slovenia, and Belarus rank higher in income equality. The Gini Index measures income distribution on a scale from 0 (perfect equality) to 100 ( ...Read More >
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering ...Read More >
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