QuickByte: Crashing Economy, Poverty, No Jobs, But The Rich Are Getting Richer. How?

Oxfam’s report titled ‘Time To Care’ revealed stark inequality in India’s social fabric. With ever-present poverty and the economy in shambles, India’s richest 1% have still been able to acquire wealth, four times more than the amount held by the bottom 70% of the country’s population.

Mukesh Ambani and Anil Ambani.

Moreover, the combined wealth of 63 Indian billionaires is estimated to be higher than the 2018-2019 Union Budget, which was ₹24,42,200 crores.

Not just in India, the world’s 2,153 billionaires have more wealth than 4.6 billion people who constitute 60% of the global population. Despite the combined wealth of the billionaires decreasing in the last year, the number of rich people has only steadily doubled over the last decade.

This inequality can be attributed to government inaction, who has been allowing the rich to acquire more wealth at the cost of the common people, especially women and girls.

Representational image.

Government policies that are under-taxing the wealthy, have been failing to collect revenue, which could relieve the burden from women in the economy.

You can access the full report here.

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Featured image credit: Flickr.
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A former Assistant Secretary with the Ministry of Women and Child Development in West Bengal for three months, Lakshmi Bhavya has been championing the cause of menstrual hygiene in her district. By associating herself with the Lalana Campaign, a holistic menstrual hygiene awareness campaign which is conducted by the Anahat NGO, Lakshmi has been slowly breaking taboos when it comes to periods and menstrual hygiene.

A Gender Rights Activist working with the tribal and marginalized communities in india, Srilekha is a PhD scholar working on understanding body and sexuality among tribal girls, to fill the gaps in research around indigenous women and their stories. Srilekha has worked extensively at the grassroots level with community based organisations, through several advocacy initiatives around Gender, Mental Health, Menstrual Hygiene and Sexual and Reproductive Health Rights (SRHR) for the indigenous in Jharkhand, over the last 6 years.

Srilekha has also contributed to sustainable livelihood projects and legal aid programs for survivors of sex trafficking. She has been conducting research based programs on maternal health, mental health, gender based violence, sex and sexuality. Her interest lies in conducting workshops for young people on life skills, feminism, gender and sexuality, trauma, resilience and interpersonal relationships.

A Guwahati-based college student pursuing her Masters in Tata Institute of Social Sciences, Bidisha started the #BleedwithDignity campaign on the technology platform Change.org, demanding that the Government of Assam install
biodegradable sanitary pad vending machines in all government schools across the state. Her petition on Change.org has already gathered support from over 90000 people and continues to grow.

Bidisha was selected in Change.org’s flagship program ‘She Creates Change’ having run successful online advocacy
campaigns, which were widely recognised. Through the #BleedwithDignity campaign; she organised and celebrated World Menstrual Hygiene Day, 2019 in Guwahati, Assam by hosting a wall mural by collaborating with local organisations. The initiative was widely covered by national and local media, and the mural was later inaugurated by the event’s chief guest Commissioner of Guwahati Municipal Corporation (GMC) Debeswar Malakar, IAS.

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