Over 16 crore more people forced into poverty in two years of pandemic: Oxfam

Over 16 crore more people forced into poverty in two years of pandemic: Oxfam

In its report titled 'Inequality Kills', Oxfam International stated that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds.

AgenciesUpdated: Monday, January 17, 2022, 07:50 PM IST
article-image
The world's ten richest men saw their fortunes grow at a rate of US$15,000 per second during the first two years of the pandemic. |

The first two years of the COVID-19 pandemic saw incomes of 99 per cent of humanity fall and over 16 crore people were forced into poverty, according to Oxfam report.

In its report titled 'Inequality Kills', Oxfam International stated that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds.

The world's ten richest men saw their fortunes grow at a rate of US$15,000 per second during the first two years of the pandemic.

This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, added Oxfam report.

(With inputs from PTI)

RECENT STORIES

₹53,350 Crore Takeover: IBM Acquires Cloud Software Provider HashiCorp

₹53,350 Crore Takeover: IBM Acquires Cloud Software Provider HashiCorp

Which Countries Have Inheritance Tax? From Japan To Belgium, Here's The Complete List

Which Countries Have Inheritance Tax? From Japan To Belgium, Here's The Complete List

Prominent Sectors That Investor Should Have Keen Eye On Amidst Changing Regimes

Prominent Sectors That Investor Should Have Keen Eye On Amidst Changing Regimes

SBI-SG Global Securities Services Pvt. Ltd. Honored With 'Best Road Safety Project Of The Year'...

SBI-SG Global Securities Services Pvt. Ltd. Honored With 'Best Road Safety Project Of The Year'...

Inheritance Tax Row: Estate Tax Was Abolished Just Before Indira Gandhi's Transfer Of Properties

Inheritance Tax Row: Estate Tax Was  Abolished Just Before Indira Gandhi's Transfer Of Properties