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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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KKR issue clarification on viral Kuldeep Yadav slapping Rinku Singh moment with fresh video

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KKR issue clarification on viral Kuldeep Yadav slapping Rinku Singh moment with fresh video

A shocking clip went viral on social media after Delhi Capitals lost their second consecutive game at home against Kolkata Knight Riders. DC spinner Kuldeep Yadav was caught on live TV slapping KKR batter Rinku Singh twice after the game. The clip shows Kuldeep, Rinku, and a few other players sharing a laugh after the game. Kuldeep then slapped Rinku, likely playful.

Manner, but it did not sit well with the latter. Rinku was left embarrassed and shocked at the sight. Kuldeep then slapped him again, this time, leaving him enraged as he had a word with his India teammate. The context behind Kuldeep’s act remains unknown, and fans on social media have called it his “worst behavior” and called for BCCI to “ban” him. The incident.

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Sparked controversy and speculation on social media Kolkata, April 30, 2025 — Following a day of intense backlash and speculation surrounding a viral video where Kuldeep Yadav appeared to slap Rinku Singh twice during a live broadcast, Kolkata Knight Riders (KKR) issued an influence millions,” said cricket commentator Harsha Bhogle. “There’s a thin line between. official clarification late Tuesday evening, releasing a new behind-the-scenes video to address.

The incident, which took place during a post-match interview after the IPL 2025 game between Delhi Capitals and KKR, sparked social media fury, with many fans demanding disciplinary action against Kuldeep. The visuals showed the left-arm spinner walking up to Rinku Singh and slapping him twice in quick succession the second slap drawing a visibly.

The controversy and calm public outrage.stunned and displeased reaction from the KKR star. The clip went viral, drawing criticism and questions about player conduct on national This may have been a joke, but there needs to be an understanding of optics. Live sports television However, in their official statement, KKR clarified that the moment was taken “out of context” and that both players are long-time friends engaging in “harmless banter.”

KKR’s Statement and Video Release

In a post shared on social media platforms, KKR wrote There’s more to the story than meets the eye. Friends on and off the field — Kuldeep and Rinku share a close bond, and what appeared to be aggressive was nothing more than playful teasing. Here’s the full clip for context The franchise attached a longer, unedited video showing the two players laughing.

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The video appears to support KKR’s claim that the incident was light-hearted and not malicious, although some fans continue to debate whether the act was appropriate for a live telecast and joking both before and after the slapping moment. In the extended footage, Rinku is seen smiling and lightly pushing Kuldeep back after the second slap, with both players sharing a brief hug and continuing their chat casually with the media team.

Rinku and Kuldeep Speak Out

Adding to the clarification, Rinku Singh posted on Instagram banter and discomfort Former cricketer Aakash Chopra echoed a similar the takeaway should be more about self-awareness on public platforms Bhai hai mera, sab mazaak tha doston! Don’t believe everything you see in a 5-second clip. Chill karo Kuldeep is like a brother, it was all a joke, friends! Don’t believe.

Mixed Reactions from Fans and Experts

While many fans expressed relief at the clarification, others continued to stress the also responded via X (formerly Twitter) everything you see in a short clip “When your brother plays for the other team, you tease him a little! Love you, Rinku! Good game, bro to
importance of maintaining professionalism on live broadcasts, even among close friend.

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