Inequality Financial News

The housing crisis in this country has hit all Canadians but no one as hard as renters, argues a new report from Royal Bank of Canada.

A U.N. report says many countries are bouncing back from the COVID-19 pandemic, but the poorest are not and a significant number are seeing their conditions deteriorate

Few terms in economics are as ideologically loaded as ‘free trade.’ Advocate it nowadays, and you are likely to be regarded as an apologist for plutocrats, financiers and footloose corporations. Defend open economic borders, and you will be labelled naive or, worse, a stooge of the Communist Party of China who cares little about human rights or the fate of ordinary workers at home. As with all caricatures, there is a grain of truth in the anti-trade stance.

Persistent unaffordability in Canada’s housing market is widening the wealth divide between renters and homeowners, Royal Bank of Canada says in a new report.

Electric vehicles promise cleaner air and less climate pollution. But a new analysis suggests that even a global all-EV fleet would perpetuate some of the most devastating impacts of cars and auto infrastructure. The modern world moves itself around in roughly 2 billion motor vehicles, 65% of which are cars. That’s 16 automobiles for every 100 people, but the rate of car ownership is much higher in richer industrialized countries, where cars give shape to cities and set the patterns of daily life. This fleet requires substantial, ongoing investment in roads and highways, car storage (or “parking,” in the jargon), oil exploration and fuel production, metals mining and manufacturing, insurance and much more. All of these activities levy regular costs in the form of fatalities and injuries as well as greenhouse gas emissions that cause climate change. A comprehensive review published last month provides a litany of what the authors call “car harm,” in estimated global totals of death, injury, disease and other miseries, over the course of automotive history. In part because the system “prioritises speed over safety,” as the authors put it, motor vehicles are responsible for one out of 34 deaths, or 1.7 million people every year, either directly or through pollution.

International Women’s Day serves as a global tribute to the remarkable achievements of women across various spheres — social, cultural, economic, and political. It stands as a reminder of the persistent struggle against gender inequality, hindering women from reaching their full potential. Crafted by California-based artist Sophie Diao, this year’s Doodle is a testament to the significance of sharing wisdom across generations. Diao's artwork features a quilt embroidered with «symbols of progress made over the years,» symbolising the invaluable contributions of women to academia, arts, social justice, and beyond.

SYDNEY (Reuters) — Australia said on Thursday that it would make pension contributions for workers who take paid parental leave, the latest effort by the centre-left Labor government to address gender imbalance in the workplace.

India’s ambition to become a developed nation by 2047 depends on the strategic implementation of enabling reforms. While innovative ideas have been proposed for a Viksit Bharat, the primary sector has largely been left out. Despite being home to 18% of the world population with a median age of 28.2 years, we tend to overlook our core strength—i.e., domestic private consumption, which constitutes nearly 61% of GDP—while focusing on export-led growth.

In her interim budget last month, Nirmala Sitharaman proposed establishing a panel to deliberate on challenges arising from population growth and demographic changes so that India can attain developed country status by 2047. To this effect, it becomes critical to decipher the intricacies of these challenges and delineate a clear path forward. What precisely are these challenges, and how can they be effectively confronted to pave the way for a prosperous and inclusive future? I present six challenges that hold the key to unlocking India's true potential. 'Fast population growth,' while historically significant, is not the paramount challenge we confront today. Surpassing China as the world's most populous country last year marked a watershed moment. But recent data heralds a major shift: India stands on the brink of achieving a total fertility rate of 2.1, a threshold revered as 'replacement level fertility' by demographers. While this milestone doesn't signify an immediate halt to population growth, it signals a pivotal juncture in our demographic evolution.

Brazil’s finance minister told his peers during a G20 meeting in Sao Paulo that countries should implement a global tax on the super-rich in an effort to tackle rampant tax evasion

tobacco sales for future generations, the government said, even while researchers and campaigners warned of the risk that people could die as a result. Set to take effect from July, the toughest anti-tobacco rules in the world would have banned sales to those born after Jan.

₹789 and ₹967 respectively. The Fact sheet indicates that rural and urban inflation from 2011-12 to 2022-23 recorded compounded annual rates of 5.7% and 5.6%, respectively. Hence, rural and urban poverty lines for the HCES 2022-23 are ₹1,452 and ₹1,752 per capita per month, respectively.

Writing in the Young India journal in March 1922, Mahatma Gandhi invoked the spirit of democracy to support voices of dissent within the Congress party: “Democracy is not a state in which people act like sheep. Under democracy individual liberty of opinion and action is jealously guarded." Modern democracy’s litmus test has been to expand the contours of individual liberty, within the limits of reasonableness and without infringing the rights of others, as new contingencies and technologies emerge.

WASHINGTON (Reuters) — Donald Trump's comments asserting that Black voters were more drawn to him after his multiple indictments on criminal charges drew sharp rebukes over the weekend from his Republican challenger for the presidential nomination, civil rights activists and others.

PTI, Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St. Nicholas Place in Harlem, Manhattan that left about 17 other people injured. The New York City Fire Department said that its marshals have determined that the “devastating" fire was caused by a lithium-ion battery.

Indian national, who worked as a journalist here, tragically lost his life in a fire incident in an apartment building in Manhattan. Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St. Nicholas Place in Harlem, Manhattan that left about 17 other people injured. The New York City Fire Department said that its marshals have determined that the «devastating» fire was caused by a lithium-ion battery.

UNITED NATIONS: Underlining the need for comprehensive reform of the Security Council, India has questioned how much longer can the will of five permanent members of the powerful UN body continue to override the collective voice of the world organisation's 188 member states. India's Permanent Representative at the UN Ambassador Ruchira Kamboj, speaking at the Inter-Governmental Negotiations on Security Council Reform on Friday, stressed that “equity" must be the cornerstone of global efforts to reform the 15-nation UN body. “Equity demands that every nation, irrespective of its size or power, be afforded an equal opportunity…to shape global decision-making,” she said, adding that “Our question therefore is how much longer will the will of five members continue to override the collective voice of 188 member states?”.

ILO) said on Thursday. As per the data released by ILO, Save the Children and UNICEF, in low-income countries fewer than 1-in-10 children have access to child benefits, highlighting a significant disparity compared to the coverage enjoyed by children in high-income countries.

Pralhad Joshi attempted to turn the tables on the Karnataka Congress regime on Tuesday, saying that if there was any inequality in funds distribution, CM Siddaramaiah himself was responsible for it. He was the chief minister back in 2016 when the Finance Commission assessed Karnataka, Joshi said, and it was his responsibility to present the state’s demands accurately. Slamming the Congress, Joshi added that the leaders were attacking the Centre with false allegations of inequality in funds devolution merely to cover up their own infighting. “[Chief minister] Siddaramaiah is an expert in lying…they are doing this drama in the background of the Lok Sabha elections to divert attention from the infighting between him and DK Shivakumar,” the MP from Dharwad said. Lok Sabha polls are months away and the Congress has been trying to corner the ruling BJP over fiscal inequality towards the states, with protests in the national capital as well as social media campaigns.

By Martin Coulter

world cricket committee (WCC) of the Marylebone Cricket Club (MCC), the custodians of laws of the game. The WCC met in Cape Town last week on the sidelines of SA20. In a statement, the Committee rued the lack of a series decider in the drawn series between Australia and West Indies following the visitors’ stunning win at the Gabba. India and South Africa too drew a fiercely contested two-match series in December.