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India Added 40 Billionaires Last Year But Number of Poor Doubled: Oxfam

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India Added 40 Billionaires Last Year But Number of Poor Doubled: Oxfam

According to Oxfam Global Davos 2022 report, India’s richest people have more than doubled their wealth during the Covid-19 crisis that has ravaged the country and exacerbated poverty, and the government should revisit its redistribution wealth policy.
The country’s billionaire population rose by 40 to 142 last year, when a second wave of infections overwhelmed its health infrastructure and pushed crematoriums and cemeteries to the brink. Their combined wealth of nearly $720 billion exceeds that of the poorest 40 percent of the population, the group said in a report on rising inequality released Monday.

Global wealth has exploded during the pandemic, as the value of everything from stock prices to cryptocurrencies and commodities has soared. The net worth of the world’s 500 richest people rose by more than $1 trillion last year, according to the Bloomberg Billionaires Index. India’s urban unemployment rate climbed to 15 percent last May, food insecurity worsened, and it now has more billionaires than France, Sweden and Switzerland combined, Oxfam said.

National policies, including the abolition of wealth tax in 2016, slashing corporate taxes and increasing indirect taxes, are factors that have helped the rich get richer, while the national minimum wage has remained at 178 rupees ($2.40) a day since 2020 , Global Report’s India added. Amid the increasing privatization of the health and education sectors, federal funding to local governments has declined, further exacerbating inequality. The country is home to a quarter of the world’s undernourished people, Oxfam said, citing the World Food Programme.

“Unfortunately, the Indian government’s tax policy has not only benefited the wealthy, but has also deprived Indian states of vital financial resources – which is particularly damaging in the context of the Covid-19 crisis,” the report said.

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Oxfam recommends that the government impose a 1% surcharge on the richest 10% of the population to invest in health and education. It noted that the wealth of India’s 10 richest billionaires will be enough to fund the school and higher education of the country’s children for more than 25 years.

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Train smarter, not harder: How taking occasional breaks from gym can revolutionise your fitness routine

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Train smarter, not harder: How taking occasional breaks from gym can revolutionise your fitness routine

Taking regular breaks from intense training, like deload weeks, helps your body recover, preventing fatigue and injury, and ultimately boosts fitness gains.

When it comes to getting fit, the idea of spending hours at the gym might come to mind, but many fitness experts argue that taking a “deload week” every six to eight weeks is actually key to improving your fitness gains. A deload week involves reducing the intensity of workouts to allow the body to recover from the fatigue and muscle damage caused by intense training.

While high-intensity training helps build strength and fitness, it can also lead to muscle strain, and without adequate recovery, these gains can’t fully materialise. Deload weeks give the body much-needed rest to repair and rebuild, ensuring continued progress. (Also read: Bhagyashree swears by this super easy exercise for instant leg pain relief and better mobility. Watch how to do it )

Why recovery is key for muscle growth

According to an article by The Conversation, intense exercise can cause tiny tears in muscle fibres, leading to inflammation that requires rest or low-intensity exercise to heal. This inflammation is essential for muscle growth and fitness improvements. However, without proper recovery, muscles remain in a state of slight damage, preventing inflammation from resolving. This chronic state of inflammation can hinder muscle function, reducing oxygen efficiency and impairing performance. Giving muscles time to recover through rest ensures they repair properly and are primed for continued progress, setting us up for greater success in our fitness journey.

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Many gymgoers fear taking time off and are worried it will lead to a loss of gains. However, research shows that muscle genes have a “memory imprint,” which keeps them in a semi-prepared state. This allows muscles to respond more quickly and effectively to future training, promoting growth after a rest period. Even after extended periods of reduced intensity, up to seven weeks, muscular fitness can be restored to prime condition—and in some cases, surpass previous levels. Interestingly, recovery can occur twice as fast as it took to reach peak fitness initially, even if some strength is lost.

Taking time off from intense training is crucial to prevent muscle soreness and avoid overtraining syndrome. Overtraining occurs when the body doesn’t get enough rest, leading to prolonged fatigue, decreased performance, and mood disturbances. Symptoms develop gradually, making overtraining difficult to recognize until it’s severe. Rest is essential to avoid these issues and ensure long-term progress in training.

Role of overtraining syndrome and deload weeks

Overtraining syndrome is challenging to quantify due to its vague symptoms. Studies suggest it may affect as few as 10% of elite athletes, though rates could climb to 60% among highly competitive individuals. Recovery is essential for both fitness and overall health. When engaging in heavy gym routines, it’s vital to incorporate sufficient recovery time into your workout plan. Unlike rest days, which involve little to no exercise once or twice a week, deload weeks feature lighter training at reduced intensity—typically about 50% fewer workouts or a 20% drop in workout intensity.

Both rest days and deload weeks are essential for recovery and crucial to improving fitness. It’s not about choosing one over the other—they complement each other. For instance, intense training for marathons, Ironman, or CrossFit competitions requires weekly rest days alongside scheduled deload weeks. However, for recreational gym-goers exercising 1–3 times weekly at a moderate intensity, the recovery from this routine is often sufficient without the need for additional deload weeks.

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Fitness influencers recommend incorporating deload weeks into training schedules every 4–8 weeks, aligning closely with the expert advice of 4–6 weeks. However, it’s crucial to listen to your body and schedule deload weeks as needed. If your performance plateaus or worsens, it may signal time for a deload. Training plans should be flexible enough to allow rest when required. Deload weeks not only enhance performance but also support overall health.

Disclaimer: This article is for informational purposes only and not a substitute for professional medical advice. Always seek the advice of your doctor with any questions about a medical condition.

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