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Monday, 25 January 2021

Mukesh Ambani's one-hour earnings in Lockdown

  Mukesh Ambani's one-hour earnings in Lockdown will earn a man 10 thousand years

The world is still reeling from the outbreak of the Coronavirus. The Corona era saw many discrepancies on the economic front globally. On the one hand, the poor living on a daily wage was struggling to make ends meet.

Mukesh Ambani's one-hour earnings in Lockdown
 Mukesh Ambani's one-hour earnings in Lockdown



The world is still reeling from the outbreak of the Coronavirus. The Corona era saw many discrepancies on the economic front globally. On the one hand, the poor living on a daily wage was struggling for a two-course meal, on the other hand, the treasury of the wealthy Kubero, on the other hand, was overflowing. In the United States, meanwhile, businessmen such as Jeff Bezos and Elon Musk are vying to be the richest man in the world, while millions are losing their jobs for fear of losing their jobs. Claim filing was observed.


This discrepancy was not limited to the United States, India is not untouched by it and the latest Oxfam report is confirming this. Oxfam's Inequality Report has been named 'The Inequality Virus Report' because of the covid. It said that the coronavirus resulted in increased economic inequality in society. Let us know the special thing about this report ...


Mukesh Ambani earns Rs 90 crore every hour

While Mukesh Ambani, a well-known businessman, has earned Rs 90 crore per hour in this Corona era, 24 percent of the people are earning less than Rs 3,000 a month. This means that it would take 10,000 years for an unskilled laborer to earn as much as Mukesh Ambani earned in an hour during the Corona era. At this rate, it would take the common man three years to earn as much as Mukesh Ambani earned in one second.


The rich remained untouched by the epidemic

The report also said that the epidemic has recently widened the gap in social, economic, and gender inequality. The affluent class has been left untouched by the serious consequences of this epidemic. While middle-class people are doing office work from home. But sadly, most of the people in the country have lost their jobs/livelihoods. On the same day that Mukesh Ambani became the fourth richest man in the world during the Corona era, a man named Rajesh Rajak committed suicide along with his three daughters after losing his job.


How much the wealth of the rich increased

According to Oxfam's report 'Inequality Virus', the wealth of 100 weavers in India has increased by Rs 12,97,822 crore since March 2020. If this amount is distributed among the 13.8 crore poor people of the country, each of them can be given Rs 94,045. The report was released on the first day of the World Economic Forum's Davos Dialogue


The biggest health crisis in 100 years

According to the report, the coronavirus epidemic is the biggest health crisis in the last 100 years and has caused the biggest economic crisis since the Great Depression of 1930. Oxfam chief executive Amitabh Behr said the report showed how the rich had amassed so much wealth during the biggest financial crisis from an unjust economic system, while millions were in dire straits. Lehrer said that initially it was thought that the epidemic would affect everyone equally, but when the lockdown took place, inequalities in the society were exposed.


1.7 lakh people became unemployed every hour

A survey conducted by Oxfam for the report polled 295 economists from 79 countries, with 87 Tak respondents, including Jeffer David, Jayati Ghosh, and Gabriel Zuckman, citing inequality in the country as a major challenge. According to the report, the wealth of billionaires like Mukesh Ambani, Gaumat Adani, Shiv Nadar, Cyrus Poonawala, Uday Kotak, Azim Premji, Sunil Mittal, Radhakrishna Damani, Kumar Mangalam Birla, and Lakshmi Mittal increased rapidly after the March 2020 epidemic and lockdown. On the other hand, in April 2020, 1.7 lakh people were becoming unemployed every hour.

The wealth of the rich increased by 35%

According to the India-centric section of the report, the wealth of Indian pundits has increased by 35 percent during the lockdown. India ranks sixth after the United States, China, Germany, Russia, and France. The increase in the revenues of India's 11 top weavers during the epidemic could span the current budget of MNREGA and the health ministry for a decade.


Click Here To Read Full Report In Gujarati

12.2 crore people became unemployed

The epidemic and lockdown have had the worst impact on informal labor, Oxfam said. About 122 million people lost their jobs during this period, of which 92 million (75 percent) were in the informal sector. According to the report, women suffered the most due to the crisis and 17 million women lost their jobs in April 2020. The unemployment rate among women was 15 percent before the lockdown which is now 18 percent. It is also feared that the number of out-of-school children will double.

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