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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.

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“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.

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.

Complete News Source : NDTV

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Samay Raina’s Bold Return: ‘Still Alive’ Sparks Firestorm After India’s Got Latent Drama

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Samay Raina: Bold Comeback Sparks Firestorm

The king of contentious jokes is now again in the public eye. Samay Raina has shocked the Indian digital scene with the official announcement of his brand-new comedy spectacular, Still Alive. This manoeuvre is classic Raina for a man who seems to breathe through a loudhailer of pandemonium.

On social media right now, fans are going crazy. The announcement follows the intense chaos surrounding his popular program, India’s Got Latent. Although the show’s unvarnished and frequently brutal honesty went viral on the internet, it also put Samay in the center of a contentious national discussion.



The Aftermath of the Storm

You can’t ignore Samay Raina, whether you enjoy the turmoil or find it draining. The uproar surrounding India’s Got Latent was a significant cultural event rather than a mere incident. Loyal admirers believed it was the final stronghold of unadulterated comedy, while critics said the humour breached boundaries.

Samay, as usual, seemed unmoved by it all. He didn’t back down or offer a typical business apology. He leaned into the friction instead. The enormous anticipation for his upcoming special has been fuelled by this uncompromising attitude.

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Why ‘Still Alive’ Matters

Even the title seems like a sharp shot at his critics. Samay is essentially telling the world that cancel culture failed by naming the special Still Alive. In a time when comedians are frequently treading carefully, it’s a statement of perseverance.

Since this isn’t just another collection of jokes, expectations are extremely high. It’s an answer. There are a lot of theories in the comedy community regarding whether he will respond to the particular criticisms over the past few months or just focus more on the type of humour that made him famous.


A Masterclass in Hype

Like his sets, Samay’s marketing approach is unorthodox. With an army of “Supreme Leader” supporters, he doesn’t require conventional PR firms. “Still Alive” started to trend on social media sites like X and Instagram within minutes of the teaser’s release.

The time is exact surgically. He turned the subject to his solo artistry just as the chatter from the latent talent hunt reached a fever pitch. This change returns attention to his main identity as a stand-up comedian while keeping him at the center of the story.

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Breaking the Internet Again

The comment sections are an exciting battleground. Calling it the “comeback of the century,” supporters laud his capacity to convert heat into gasoline. Everyone is looking forward to the “unhinged” content that characterises the Raina experience.

Even people who find his style unsettling are paying attention. The Samay Raina effect is that. You keep an eye on him to see how far he will go. His capacity to sustain a sizable, devoted following in spite of—or even because of—the controversy is an intriguing example of contemporary stardom.


The Evolving Landscape of Indian Comedy

The timing of this special is crucial for the Indian comedy industry. There has never been a greater gap between “clean” business humour and the grungy, underground vibe that Samay promotes. For the latter, Still Alive is a big stake in the ground.

Raina’s transformation from a chess streamer to a comedy mogul is very remarkable. By making the audience feel like they are a part of an inside joke, he has successfully gamified the industry. The “latent” scandal didn’t break him because of this sense of community; instead, it strengthened his social group.

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What to Expect on Stage

The trailer suggests a darker, more introspective, yet equally cutting tone, even though the precise themes of the program are still unknown. He will probably discuss the ridiculousness of his own notoriety as well as the peculiarity of online indignation.

No subject is off-limits, if his previous work is any guide. Samay thrives when the stakes are high, whether it’s through scathing societal commentary or self-deprecating anecdotes. Additionally, the production quality seems to have improved, indicating his entry into the major leagues of international specials.


The Supreme Leader Stays Put

Tickets for the “Still Alive” tour are already selling out quickly. It is evidence that authenticity, regardless of how divisive it may be, is the most valuable commodity in the content industry. In addition to singing, Samay is spearheading a fan base that is fed up with clean, polished entertainment.

There’s no sign that the cacophony will stop anytime soon. It’s actually becoming louder. The conflict between his detractors and supporters will likely worsen as the dates draw near. However, Samay Raina finds that tension to be the ideal setting for growth. He is the storm, not merely a survivor of it.

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