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Do you know that richest 1% Indians own 53% of nation’s total wealth

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Captalism in India

According to Credit Suisse, India’s wealth increased by $2.284 trillion between 2000 and 2015. Of this rise, the richest 1% has hogged 61%, while the top 10% bagged 81%. The other 90% got the leftovers.

The richest 1% of Indians own 53% of the country’s wealth, according to the latest data on global wealth from Credit Suisse. The richest 5% own 68.6% of the country’s wealth, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half of our countrymen jostles for 4.1% of the nation’s wealth. As Deng Xiaoping put it so pithily, “It is glorious to be rich.”

What’s more, things are getting more and more glorious for the rich. Data from Credit Suisse show that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then the richest have managed to steadily increase their share of the pie, as the chart shows. This happened during the years of the National Democratic Alliance (NDA) government from 2000-04, during the first United Progressive Alliance (UPA) government backed by the Left, during the second UPA tenure and now in the first year of the Modi government; the share of the top 1% has now crossed 50%. The colour of the government has been no impediment to the steady rise in the riches of the wealthy.

The chart shows that the difference between the share of the top 1% and that of the top 10% was 29.1 percentage points in 2000, but is down to 23.3 percentage points in 2015. In other words, the top 1% is eating into the share of the next 9%. The richest are growing at the expense of the relatively well-off. Between 2010 and 2015, the share of the poorer half of the population shrank from 5.3% to 4.1%.

According to Credit Suisse, India’s wealth increased by $2.284 trillion between 2000 and 2015. Of this rise, the richest 1% has hogged 61%, while the top 10% bagged 81%. The other 90% got the leftovers.

The share of India’s richest 1% is far ahead than that of top 1% of the US, who own a mere 37.3% of the total US wealth. But India’s finest still have a long way to go before they match Russia, where the top 1% own a stupendous 70.3% of the country’s wealth.

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Himachal: One-Month-Old Among 67 Fatalities Reported in Last 24-Hours, Fatality Rate Keeps Mounting But Testing Remains Low

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covid news of Himachal Pradesh

Shimla – In the last 24-hours, 67 people lost their lives in Himachal Pradesh, taking the total death toll to 2,185. While, 3,044 new cases of infection were reported on Friday, as the total number of Covid-19 cases reached 1,53,717, according to data released by the state government.  Among the Himalayan states, Himachal Pradesh has second highest fatality ratio of 28 per lakh. Also, the Covid-19 fatality rate of Himachal Pradesh had surpassed the national average of 1.1% to reach 1.5% on May 6, 2021. The fatality rate of the hill state still remains near 1.4% 

The daily number of cases has been fluctuating but the fatality rate is only mounting. Despite directions passed in statements to increase testing rate and contact tracing, the daily sampling remains low. On Friday, 11,388 people across Himachal were sampled for the infection, out of which 2,430 Covid test results remain pending.

On Friday, Kangra district reported 724 cases and 31 fatalities, the highest in the state, in the last 24 hours. Hamirpur district reported ten deaths.

One of the patients who succumbed to severe symptoms of coronavirus was a one-month-old infant, Priyanshi, from Shimla’s Theog region. Priyanshi tested positive for coronavirus on May 7 and succumbed to the infection on Thursday. She was admitted to the pediatric department of Shimla’s Indira Gandhi Medical College. Her cause of death was cited to be “Sudden infant death syndrome (SIDS) with COVID 19 Pneumonia with late-onset neonatal sepsis.”

The oldest patient to succumb to infection was a 103-year-old woman from the Mandi district.  58 out of 67 patients who died of coronavirus had no comorbidities. 

View the District-wise Details of all COVID-19 Cases for May 14, 2021 (Till 7 pm) Below:

hp govt covid-19 cases data may 14, 2021

Source: HP NHM

 A picture doing the rounds on social media suggested how the pandemic has taken devastating form in rural Himachal. The picture emerged from a village in the Kangra district, where a man was seen carrying the dead body of his mother. Villagers and relatives of the man refused to come ahead and lend a shoulder as the woman had died of Covid-19. While the son carried the body to the cremation ground. The man’s wife followed him with their toddler in one hand and cremation material in the other. The incident has brought local bodies and officials of district administration under scanner for failing to ensure that the woman was cremated with dignity and the distressed family received all the support that it needed.

Read: Heartbreaking Picture of Man Carrying Mother’s Body for Cremation Alone Shakes Himachal

 The picture comes when CM Jai Ram Thakur in his meeting with Deputy Commissioners of the State asked them to ensure that the last rites of Covid-19 victims were performed strictly as per the protocol and guidelines issued by the Union Ministry of Health and Family Welfare. Thakur said that in rural areas Block Development Officers have been designated as nodal officers in their respective areas for this purpose. Thakur asked for adequate PPE kits, dead body bags, disinfectants, sanitizers, waste disposable bags, etc. to be provided to the hospitals and PHCs, so that the same could be made available to the people for performing the last rites as per the protocol.

View the District-wise Details of all COVID-19 Deaths for May 14, 2021 (Till 7 pm) Below:

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Kangra: Heartbreaking Picture of Man Carrying Mother’s Body for Cremation Alone Shakes Himachal

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man carrying mothers body in kangra district

Kangra-A heartbreaking picture of a man forced to carry the body of his Covid-19 positive mother alone on his shoulders for cremation in Kangra district appeared in media reports and was widely circulated on social media. Villagers and relatives refused to come ahead and lend a shoulder as she had died of Covid-19. While the son carried the body to the cremation ground, his wife followed him with a toddler in one hand and cremation material in the other.

The picture has shaken the state. Questions are being raised as to how an entire village could turn a blind eye at such a time. The role of the elected local body (panchayat) and district administration also came under the scanner and the state government had to release a statement following the appearance of media reports.

The man was identified as Vir Singh and the incident was reported from Bhangwar Panchayat near Ranital region of the district. His mother was reportedly home-isolated after testing positive for Covid-19. A media report said that she was a former member of the elected panchayat.

The elected Pradhan of the panchayat, Suram Singh, claimed that he couldn’t come to help Vir Singh because he had a fever. He said Vir Singh didn’t mention that there was no one to help him. The Pradhan also said that he had spoken to tractor drivers but all of them refused to carry the body. He said the only people who helped him were some villagers who arranged wood from the forest for cremation.

The Deputy Commissioner, Rakesh Prajapati, said that Vir Singh didn’t give the district administration the time to respond and carried the body hurriedly for cremation. He said that following this incident, it was decided that cremation of every Covid-19 patient would be carried out in the presence of representatives of the district administration.

After the picture went viral on social media, today, HP Government directed the Deputy Commissioners to ensure that the last rites of the persons, who have died of Covid-19 were performed strictly as per the protocol and guidelines issued by the Union Ministry of Health and Family Welfare in this regard. The government said that directions were already issued on 12th May 2021 regarding this.

District administrations were asked to co-operate in performing the last rites of the deceased and ensure providing resources such as PPE kits, dead body bags, disinfectants, sanitisers, waste disposable bags etc. for proper disposal of the dead body.

Panchayat Secretaries/Patwaries were also directed to facilitate families in performing the last rites of the deceased.

Further, the government said that under such circumstances family members of the deceased can contact the Municipal authorities, Executive Officers/Secretaries of Urban Local Bodies and Panchayat Secretaries/Patwaries of their respective area for any assistance.

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Shimla: Charitable Trust Providing Free Meals to Home Isolated Covid-19 Patients

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Upadhayaya Educational Trust

Shimla-Coronavirus pandemic has proved to be a major blow to the state’s governance. At a time when almost all three tiers of government failed to assess and prepare for the second wave in the country, many organisations have come forward to help the ordinary citizens in need. The Sunil Upadhayaya Educational Trust has been running an initiative to provide free food for those in home isolation in the state’s capital city.

The trust started the initiative from 28th April 2021, and is currently providing free meals to at least 83 Covid-19 positive families in Shimla, Trust Secretary Dr Surendra Sharma said.

Joint Secretary, Dr Nitin Vyas, informed that the meal plan for Covid-19 patients have been prepared after taking into consideration all the dietary requirements of such patients . Suggestions for this diet plan were taken from doctors.

A well-planned protein diet consisting of fruits, salads, sprouts, vegetable, pulses, rice, Indian flatbread (roti), and a sweet dish is being provided to the home isolated patients, he added.
Social Service by The Sunil Upadhayaya Educational Trust

Dr. Vyas also informed that all the people involved in the initiative, including the cooks, have undergone the RT-PCR test.

Trust secretary, Dr. Sharma, claimed that the trust has managed to deliver 676 food packages till now. He also informed that the trust is running two helpline numbers for those in need of the food service. Needy people can reach the trust at the given numbers: 9418006194, 9805349124

The trust is also organising free online coaching classes for the students of class 10th and 12th for 35 days.

“All those students who are facing problems to manage their studies in the pandemic due to unavailability of required resources can contact the trust members and get themselves registered for the free classes,” Dr. Vyas said.

In the past, Sunil Upadhayaya Educational Trust have organized various initiatives like cloth banks, and clothes distribution drives too, Dr Vyas said.

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