After a gap of nearly two-and-a-half years, Swiss ski resort town Davos is hosting the World Economic Forum Annual Meeting. The Russia-Ukraine war is going to dominate the talks in Davos. Ukrainian President Volodymyr Zelensky while addressing the 2,500 leaders from politics, business, media attending the summit called for maximum sanctions on Russia

World Economic Forum meet in Davos: Zelensky addresses World's Business Elite

India's commerce minister Piyush Goyal is leading the team India at the World Economic Forum in Davos. While speaking to WION exclusively, Piyush Goyal said that India is evolving with changing times. Next few years going to be India's time in Global economy.

Davos World Economic Forum: India's Commerce minister Piyush Goyal speaks to WION

Leaders from all across the globe are meeting in Davos for the World Economic Forum's annual meeting, the in-person meeting comes after two years break due to the covid-19 pandemic. What are the biggest issues on agenda at Davos?

WEF 2022: Davos gears up for high level meeting, 2500 leaders to attend summit

<p>The annual summit of the World Economic Forum (WEF) kicked off in Davos, Switzerland, on Sunday after a gap of nearly about two-and-a-half years. A host of global leaders are expected to deliberate over the main challenges, including the global supply chain crisis, facing the world economy.</p>

<p>The last time the WEF was held at the alpine retreat was in January 2020.</p>

<p>However, unlike the earlier years when the WEF Summit would take place in January when Davos is covered in snow, this year’s edition will be held amid spring-like temperatures of around 20 degrees Celsius.</p>

<p>The theme for the 2022 World Economic Forum is ‘History at a Turning Point: Government Policies and Business Strategies.’</p>

<p>The leaders are expected to talk about humanitarian and security challenges in the backdrop of the geopolitical tensions and the once-in-a-century pandemic. Climate change will also feature in the talks.</p>

<p>According to the organisers, nearly 2,500 people, including political leaders, business heads, champions of the civil society and the media, will be in Davos next week to debate and find solutions for the most urgent global issues like the ongoing pandemic and the war in Ukraine.</p>

<p><strong>Watch |&nbsp;World Economic Forum returns in person, more than 2500 leaders to attend</strong></p>

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<p>Over 50 heads of governments and organisations will also be present at Davos.&nbsp;Russian President Vladimir Putin will not attend the meeting this year as the organisers have excluded the Russian contingent in view of the sanctions imposed by the West on Moscow over the Ukraine conflict.</p>

<p>Ukrainian President Volodymyr Zelensky will, however, address the summit online while a few officials from the country will attend the meeting in person.</p>

<p>The latest edition of the WEF summit comes ahead of a protest that erupted a day before where dozens of anti-capitalist protesters clashed with police in Zurich on Friday.</p>

<p data-testid="paragraph-1">The unauthorised "Smash WEF" demonstration is a regular occurrence in Switzerland's financial hub before the world's business and political elite gather around 120 km (70 miles) away.</p>

<p><strong>Watch WION's&nbsp;live TV here</strong></p>

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The annual summit of the World Economic Forum (WEF) kicked off in Davos, Switzerland, on Sunday after a gap of nearly about two-and-a-half years. A host of global leaders are expected to deliberate over the main challenges, including the global supply chain crisis, facing the world economy.

The annual summit of the World Economic Forum (WEF) kicked off in Davos, Switzerland, on Sunday after a gap of nearly about two-and-a-half years. A host of global leaders are expected to deliberate over the main challenges, including the global supply chain crisis, facing the world economy. The last time the WEF was held at the alpine retreat was in January 2020. However, unlike the earlier years when the WEF Summit would take place in January when Davos is covered in snow, this year’s edition will be held amid spring-like temperatures of around 20 degrees Celsius. The theme for the 2022 World Economic Forum is ‘History at a Turning Point: Government Policies and Business Strategies.’ The leaders are expected to talk about humanitarian and security challenges in the backdrop of the geopolitical tensions and the once-in-a-century pandemic. Climate change will also feature in the talks. According to the organisers, nearly 2,500 people, including political leaders, business heads, champions of the civil society and the media, will be in Davos next week to debate and find solutions for the most urgent global issues like the ongoing pandemic and the war in Ukraine. Watch | World Economic Forum returns in person, more than 2500 leaders to attend Over 50 heads of governments and organisations will also be present at Davos. Russian President Vladimir Putin will not attend the meeting this year as the organisers have excluded the Russian contingent in view of the sanctions imposed by the West on Moscow over the Ukraine conflict. Ukrainian President Volodymyr Zelensky will, however, address the summit online while a few officials from the country will attend the meeting in person. The latest edition of the WEF summit comes ahead of a protest that erupted a day before where dozens of anti-capitalist protesters clashed with police in Zurich on Friday. The unauthorised "Smash WEF" demonstration is a regular occurrence in Switzerland's financial hub before the world's business and political elite gather around 120 km (70 miles) away. Watch WION's live TV here

World Economic Forum 2022 kicks off, over 2500 leaders to discuss war, Covid effects on economy

The annual summit of the World Economic Forum in Davos in Switzerland has kicked off today after a gap of nearly about two and a half years. 2,500 leaders from politics, business, media will attend the summit.

Davos World Economic Forum: Russian invasion of Ukraine to dominate agenda

The annual summit of the World Economic Forum in Davos in Switzerland has kicked off today after a gap of nearly about two and a half years. A host of global leaders including from India are expected to deliberate over the main challenges facing the world economy .

World Economic Forum returns in person, more than 2500 leaders to attend

<p>During a virtual address at the World Economic Forum (WEF) Davos Agenda 2022 on Monday (January 17), the United Nations Secretary-General Antonio Guterres highlighted urgent actions needed to help developing countries amid climate, coronavirus (COVID-19) and other crises.&nbsp;</p>

<p>Guterres appealed to the business leaders to support developing countries in order to reform the global financial system. In the current scenario, developing and low-income countries need access to COVID-19 vaccines, they need assistance to combat the climate crisis and its related consequences.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/we-offer-a-bouquet-of-hope-to-world-modi-pitches-invest-in-india-at-wef-davos-2022-445514">‘We offer a bouquet of hope to world’: Modi pitches ‘invest in India’ at WEF Davos 2022</a></strong></p>

<p>During the address, Guterres said that the low-income countries are at a huge disadvantage. "They're experiencing their slowest growth in a generation," Guterres said.&nbsp;</p>

<p>"The burdens of record inflation, shrinking fiscal space, high-interest rates and soaring energy and food prices are hitting every corner of the world and blocking recovery — especially in low- and some middle-income countries," he added.&nbsp;</p>

<p>Talking about Covid vaccine equity, he said, "Last fall, the World Health Organization unveiled a strategy to vaccinate 40 per cent of people in all countries by the end of last year and 70 per cent by the middle of this year. We are nowhere near these targets."</p>

<p>"Vaccination rates in high-income countries are shamefully seven times higher than in African countries, and we need vaccine equity now," he added.&nbsp;</p>

<p>Guterres, who began a second five-year term as UN chief on January&nbsp;1. has long been pushing for more global action to address COVID-19 vaccine inequity and climate change and for reform of the global financial system.</p>

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<p dir="ltr" lang="en">Special Address by <a href="https://twitter.com/antonioguterres?ref_src=twsrc%5Etfw">@antonioguterres</a>, Secretary-General, <a href="https://twitter.com/UN?ref_src=twsrc%5Etfw">@UN</a> with <a href="https://twitter.com/borgebrende?ref_src=twsrc%5Etfw">@borgebrende</a> <a href="https://twitter.com/hashtag/DavosAgenda?src=hash&amp;ref_src=twsrc%5Etfw">#DavosAgenda</a> <a href="https://t.co/daBRBJi4HF">https://t.co/daBRBJi4HF</a></p>
— World Economic Forum (@wef) <a href="https://twitter.com/wef/status/1483113128871153668?ref_src=twsrc%5Etfw">January 17, 2022</a></blockquote>
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<p>Meanwhile, in the latest report by Oxfam released on Sunday, it has been stated that the wealth of some richest people in the world has increased and how taxing them will benefit millions who face the worst of situations due to extreme poverty. &nbsp;</p>

<p>Abby Maxman, who is the president of Oxfam America said that one of the "single most powerful tools" is there to address the level of "egregious and deadly inequality" is to tax the rich.</p>

<p>In a news release, she added that instead of lining the pockets of the ultra-wealthy, there's a need to invest billions of dollars in the economy, children and planet, paving the way for a more "equal and sustainable future".&nbsp;</p>

<p><strong>WATCH |&nbsp;Indian Prime Minister Narendra Modi addresses WEF’s Online Davos Agenda 2022 Summit</strong></p>

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During a virtual address at the World Economic Forum (WEF) Davos Agenda 2022 on Monday (January 17), the United Nations Secretary-General Antonio Guterres highlighted urgent actions needed to help developing countries amid climate, coronavirus (COVID-19) and other crises.

During a virtual address at the World Economic Forum (WEF) Davos Agenda 2022 on Monday (January 17), the United Nations Secretary-General Antonio Guterres highlighted urgent actions needed to help developing countries amid climate, coronavirus (COVID-19) and other crises. Guterres appealed to the business leaders to support developing countries in order to reform the global financial system. In the current scenario, developing and low-income countries need access to COVID-19 vaccines, they need assistance to combat the climate crisis and its related consequences. ALSO READ | ‘We offer a bouquet of hope to world’: Modi pitches ‘invest in India’ at WEF Davos 2022 During the address, Guterres said that the low-income countries are at a huge disadvantage. "They're experiencing their slowest growth in a generation," Guterres said. "The burdens of record inflation, shrinking fiscal space, high-interest rates and soaring energy and food prices are hitting every corner of the world and blocking recovery — especially in low- and some middle-income countries," he added. Talking about Covid vaccine equity, he said, "Last fall, the World Health Organization unveiled a strategy to vaccinate 40 per cent of people in all countries by the end of last year and 70 per cent by the middle of this year. We are nowhere near these targets." "Vaccination rates in high-income countries are shamefully seven times higher than in African countries, and we need vaccine equity now," he added. Guterres, who began a second five-year term as UN chief on January 1. has long been pushing for more global action to address COVID-19 vaccine inequity and climate change and for reform of the global financial system. Special Address by @antonioguterres, Secretary-General, @UN with @borgebrende #DavosAgenda https://t.co/daBRBJi4HF — World Economic Forum (@wef) January 17, 2022 × Meanwhile, in the latest report by Oxfam released on Sunday, it has been stated that the wealth of some richest people in the world has increased and how taxing them will benefit millions who face the worst of situations due to extreme poverty. Abby Maxman, who is the president of Oxfam America said that one of the "single most powerful tools" is there to address the level of "egregious and deadly inequality" is to tax the rich. In a news release, she added that instead of lining the pockets of the ultra-wealthy, there's a need to invest billions of dollars in the economy, children and planet, paving the way for a more "equal and sustainable future". WATCH | Indian Prime Minister Narendra Modi addresses WEF’s Online Davos Agenda 2022 Summit ×

Davos Agenda 2022: At WEF, UN chief urges businesses to help low-income nations amid Covid and climate crises

<p>Highlighting the various measures taken by India to strengthen the “ease of doing business”, Prime Minister Narendra Modi in a special address to the world leaders on Monday said that it is the best time to invest in India.</p>

<p>In a special address at the World Economic Forum's online Davos Agenda 2022 summit, Modi said India is focused on reforms in the right direction and the global economic experts have praised India's decisions.</p>

<p>“India offers a bouquet of hope to the world. It includes our trust in democracy; it includes our technology, our temperament and talent," he said.</p>

<p>“In 2014, there were maybe a hundred registered startups in India. Now, the number has crossed 60 thousand. We also have more than 80 unicorns now, more than 40 of them achieved that status just last year," he added.&nbsp;</p>

<p>The prime minister also pointed out India's innovations in technology and digital infrastructure, rapid adaptation of technologies like the Unified Payments Interface (UPI), technological solutions like Arogya Setu and CoWin, and tax reforms to strengthen ease of doing business in the country.</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/world/world-economic-forum-xi-highlights-the-need-of-fostering-new-opportunities-at-davos-2022-445404">World Economic Forum: Xi highlights the need of 'fostering new opportunities' at Davos 2022</a></p>

<p>“In 2014, there were a few hundred registered startups in India. Today, their number has crossed 60,000 with more than 10,000 of them registered in the last six months. More than 50 lakh (5 million) software developers are working in the country today," Modi said.</p>

<p>Asserting that India is making its policies today while focussing on requirements for not just the present but also for the next 25 years, Modi said this period of growth would be “green and clean” as well as “sustainable and reliable”.</p>

<p>He also said India is fighting another COVID-19 wave with full alertness and caution while also maintaining economic growth.</p>

<p>“We will fulfil all the expectations that the entire world has from us,” he said.</p>

<p>PM Modi said India is now becoming the “new, attractive” investment destination because of several initiatives taken by the government that appeal to the business community.</p>

<p><em>(With inputs from agencies)</em></p>


Highlighting the various measures taken by India to strengthen the “ease of doing business”, Prime Minister Narendra Modi in a special address to the world leaders on Monday said that it is the best time to invest in India.

Highlighting the various measures taken by India to strengthen the “ease of doing business”, Prime Minister Narendra Modi in a special address to the world leaders on Monday said that it is the best time to invest in India. In a special address at the World Economic Forum's online Davos Agenda 2022 summit, Modi said India is focused on reforms in the right direction and the global economic experts have praised India's decisions. “India offers a bouquet of hope to the world. It includes our trust in democracy; it includes our technology, our temperament and talent," he said. “In 2014, there were maybe a hundred registered startups in India. Now, the number has crossed 60 thousand. We also have more than 80 unicorns now, more than 40 of them achieved that status just last year," he added. The prime minister also pointed out India's innovations in technology and digital infrastructure, rapid adaptation of technologies like the Unified Payments Interface (UPI), technological solutions like Arogya Setu and CoWin, and tax reforms to strengthen ease of doing business in the country. Also read | World Economic Forum: Xi highlights the need of 'fostering new opportunities' at Davos 2022 “In 2014, there were a few hundred registered startups in India. Today, their number has crossed 60,000 with more than 10,000 of them registered in the last six months. More than 50 lakh (5 million) software developers are working in the country today," Modi said. Asserting that India is making its policies today while focussing on requirements for not just the present but also for the next 25 years, Modi said this period of growth would be “green and clean” as well as “sustainable and reliable”. He also said India is fighting another COVID-19 wave with full alertness and caution while also maintaining economic growth. “We will fulfil all the expectations that the entire world has from us,” he said. PM Modi said India is now becoming the “new, attractive” investment destination because of several initiatives taken by the government that appeal to the business community. (With inputs from agencies)

‘We offer a bouquet of hope to world’: Modi pitches ‘invest in India’ at WEF Davos 2022

<p>Indian Prime Minister Narendra Modi on Monday (January 17) will deliver a special address at the World Economic Forum's (WEF) Davos Agenda via video conferencing. The virtual event will be held from January 17-21.</p>

<p>As the Davos Agenda 2022 is bringing world leaders together, PM Modi will deliver the 'State of the World' address, which is scheduled at 8:30pm IST. &nbsp;</p>

<p>Prime Minister's Office (PMO) said in a statement: "Prime Minister Shri Narendra Modi will deliver 'State of the World'&nbsp;special address at the World Economic Forum's Davos Agenda on 17th January."</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/indias-mammoth-state-elections-five-states-to-vote-from-feb-10-counting-on-march-10-445328">India's mammoth state elections: Five states to vote from Feb 10, counting on March 10</a></strong></p>

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<p dir="ltr" lang="en">At around 8:30 PM IST this evening, will be delivering the ‘State of the World’ special address at the World Economic Forum’s Davos Agenda. <a href="https://twitter.com/wef?ref_src=twsrc%5Etfw">@wef</a></p>
— Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1482914870198947840?ref_src=twsrc%5Etfw">January 17, 2022</a></blockquote>
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<p>The weeklong virtual event which is starting today will feature heads of state and government, CEOs and other leaders.&nbsp;</p>

<p>They will come together to discuss the critical challenges the world is facing today and present their ideas on how to tackle them.&nbsp;</p>

<p>Several heads of state will address the event including Japanese Prime Minister Kishida Fumio, Australian Prime Minister Scott Morrison, Indonesian President Joko Widodo, Israeli Prime Minister Naftali Bennett, Chinese President Xi Jinping, and EU Commission's chief Ursua von der Leyen.</p>

<p>The event will also witness the participation of top industry leaders, international organisations and civil society.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/eye-on-china-india-to-make-russia-made-s-400-missile-defence-system-operational-from-april-445322">Eye on China, India to make Russia-made S-400 missile defence system operational from April</a></strong></p>

<p>As per the WEF website, the event will also mark the launch of several Forum initiatives including efforts to accelerate the race to net-zero emissions.&nbsp;</p>

<p>Also to ensure the economic opportunity of nature-positive solutions, create cyber resilience, strengthen global value chains, build economies in fragile markets through humanitarian investing, bridge the vaccine manufacturing gap and use data solutions to prepare for the next pandemic.</p>

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<p dir="ltr" lang="en">This is what the world will look like over the next 100 years... if we do nothing.<br />
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🔎 Submit your idea for climate action, on UpLink: <a href="https://t.co/AXXS4NM99t">https://t.co/AXXS4NM99t</a> <a href="https://twitter.com/WEFUpLink?ref_src=twsrc%5Etfw">@WEFUpLink</a> <a href="https://t.co/kcvXTlvq8q">pic.twitter.com/kcvXTlvq8q</a></p>
— World Economic Forum (@wef) <a href="https://twitter.com/wef/status/1482970948085207041?ref_src=twsrc%5Etfw">January 17, 2022</a></blockquote>
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<blockquote>
<p>"Everyone hopes that in 2022 the COVID-19 pandemic, and the crises that accompanied it, will finally begin to recede. But major global challenges await us, from climate change to rebuilding trust and social cohesion,"&nbsp;said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.&nbsp;</p>
</blockquote>

<blockquote>
<p>"To address them, leaders will need to adopt new models, look long term, renew cooperation and act systemically. The Davos Agenda 2022 is the starting point for the dialogue needed for global cooperation in 2022," he added.&nbsp;</p>
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Indian Prime Minister Narendra Modi on Monday (January 17) will deliver a special address at the World Economic Forum's (WEF) Davos Agenda via video conferencing.

Indian Prime Minister Narendra Modi on Monday (January 17) will deliver a special address at the World Economic Forum's (WEF) Davos Agenda via video conferencing. The virtual event will be held from January 17-21. As the Davos Agenda 2022 is bringing world leaders together, PM Modi will deliver the 'State of the World' address, which is scheduled at 8:30pm IST. Prime Minister's Office (PMO) said in a statement: "Prime Minister Shri Narendra Modi will deliver 'State of the World' special address at the World Economic Forum's Davos Agenda on 17th January." ALSO READ | India's mammoth state elections: Five states to vote from Feb 10, counting on March 10 At around 8:30 PM IST this evening, will be delivering the ‘State of the World’ special address at the World Economic Forum’s Davos Agenda. @wef — Narendra Modi (@narendramodi) January 17, 2022 × The weeklong virtual event which is starting today will feature heads of state and government, CEOs and other leaders. They will come together to discuss the critical challenges the world is facing today and present their ideas on how to tackle them. Several heads of state will address the event including Japanese Prime Minister Kishida Fumio, Australian Prime Minister Scott Morrison, Indonesian President Joko Widodo, Israeli Prime Minister Naftali Bennett, Chinese President Xi Jinping, and EU Commission's chief Ursua von der Leyen. The event will also witness the participation of top industry leaders, international organisations and civil society. ALSO READ | Eye on China, India to make Russia-made S-400 missile defence system operational from April As per the WEF website, the event will also mark the launch of several Forum initiatives including efforts to accelerate the race to net-zero emissions. Also to ensure the economic opportunity of nature-positive solutions, create cyber resilience, strengthen global value chains, build economies in fragile markets through humanitarian investing, bridge the vaccine manufacturing gap and use data solutions to prepare for the next pandemic. This is what the world will look like over the next 100 years... if we do nothing. 🔎 Submit your idea for climate action, on UpLink: https://t.co/AXXS4NM99t @WEFUpLink pic.twitter.com/kcvXTlvq8q — World Economic Forum (@wef) January 17, 2022 × "Everyone hopes that in 2022 the COVID-19 pandemic, and the crises that accompanied it, will finally begin to recede. But major global challenges await us, from climate change to rebuilding trust and social cohesion," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. "To address them, leaders will need to adopt new models, look long term, renew cooperation and act systemically. The Davos Agenda 2022 is the starting point for the dialogue needed for global cooperation in 2022," he added.

Indian PM Narendra Modi to deliver special address at WEF's Davos Agenda today

The world's economic output will exceed $100 trillion for the first time in the year 2022. A London based think tank CEBR has predicted China will become world's top economy in dollar terms by the year 2030.

The world's economic output will exceed $100 Trillion dollars in the year 2022

<p>The World Economic Forum (WEF) said Monday it "will defer its annual meeting in Davos... in the light of continued uncertainty over the Omicron" variant of coronavirus.</p>

<p>The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be held in "early summer", the organisers said.</p>

<p>Last year's edition was cancelled because of the pandemic and Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.</p>

<p>"Despite the meeting’s stringent health protocols, the transmissibility of Omicron and its impact on travel and mobility have made deferral necessary," the WEF said.</p>

<p>The body will instead organise online "State of the World" sessions to get global leaders talking.</p>

<p>Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".</p>

<p>"We look forward to bringing leaders together in person soon," he added.</p>

<p>The Davos meeting in January 2021, held virtually because of the pandemic, came at the height of wrangles over vaccine distribution between wealthy and worse-off countries and the manufacturers.</p>


The World Economic Forum (WEF) said Monday it "will defer its annual meeting in Davos... in the light of continued uncertainty over the Omicron" variant of coronavirus.

The World Economic Forum (WEF) said Monday it "will defer its annual meeting in Davos... in the light of continued uncertainty over the Omicron" variant of coronavirus. The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be held in "early summer", the organisers said. Last year's edition was cancelled because of the pandemic and Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave. "Despite the meeting’s stringent health protocols, the transmissibility of Omicron and its impact on travel and mobility have made deferral necessary," the WEF said. The body will instead organise online "State of the World" sessions to get global leaders talking. Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society". "We look forward to bringing leaders together in person soon," he added. The Davos meeting in January 2021, held virtually because of the pandemic, came at the height of wrangles over vaccine distribution between wealthy and worse-off countries and the manufacturers.

Davos meeting deferred over Omicron uncertainty: World Economic Forum

<p>The deadly Covid-19 crisis has widened the gender gap by a generation and closing it will take concerted efforts by policymakers around the world, a new report by the World Economic Forum (WEF) has said.<br />
<br />
<a href="https://www.wionews.com/world/gender-inequality-has-cost-world-usd-70-trillion-since-1990-report-finds-368469"><strong>Also read: Gender inequality has cost world USD 70 trillion since 1990, report finds</strong></a></p>

<p>According to the report, women around the world will have to wait another 135.6 years – up from 99.5 years in 2020 – to achieve overall parity with men. The report also examined the gender gap in the areas of economic participation and opportunity, educational attainment, health and survival, and political empowerment.</p>

<p>A range of studies has shown that the Covid-19 pandemic has had a disproportionate impact on women, who have lost jobs at a higher rate than men, and had to take on much more of the extra childcare burden when schools closed.</p>

<p>The effects will be felt in the long-term, according to the World Economic Forum, which in its annual Global Gender Gap Report found that the goalposts for gender parity appeared to be moving further away.<br />
<br />
<strong>Watch: Gender pay equity, still many years away</strong></p>

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<p>The Geneva-based organisation's annual report tracks disparities between the sexes in 156 countries across four areas: education, health, economic opportunity and political empowerment.</p>

<p><strong>Workplace equality in 267 years</strong></p>

<p>On the plus side, women appear to be gradually closing the gender gap in areas such as health and education.</p>

<p>But inequality in the workplace -- which has long appeared to be the stickiest area to fix -- is still not expected to be erased for another 267.6 years.</p>

<p>And the pandemic has not helped.</p>

<p>The WEF pointed to a study by the UN's International Labour Organization showing that women were more likely to lose their jobs in the crisis, in part because they are disproportionately represented in sectors directly disrupted by lockdowns.</p>

<p>Other surveys have shown that women were carrying a greater share of the burden of increased housework and childcare during lockdowns, contributing to higher stress and lower productivity levels.</p>

<p>Women were also being hired back at a slower rate than men as workplaces opened up again, according to LinkedIn data referenced in the report.</p>

<p>"The pandemic has fundamentally impacted gender equality in both the workplace and the home, rolling back years of progress," WEF managing director Saadia Zahidi said in the statement.</p>

<p>"If we want a dynamic future economy, it is vital for women to be represented in the jobs of tomorrow," she said, stressing that "this is the moment to embed gender parity by design into the recovery."</p>

<p><strong>Political gender gap growing</strong></p>

<p>It was in the political sphere that the march towards gender parity did the biggest about-face, with several large-population countries seeing the political gender gap widen, the WEF study found.</p>

<p>Women still hold just over a quarter of parliamentary seats worldwide, and only 22.6 percent of ministerial positions.</p>

<p>On its current trajectory, the political gender gap is not expected to close completely for another 145.5 years, the report found.</p>

<p>That marks a 50-per cent hike from the estimated 95 years in the 2020 report, WEF pointed out.</p>

<p>Progress across the categories varies greatly in different countries and regions.</p>

<p>The report pointed out that while Western European countries could close their overall gender gap in 52.1 years, countries in the Middle East and North Africa will take nearly 142.4 years to do so.</p>

<p>Overall, the Nordic countries once again dominated the top of the table: the gap between men and women was narrowest in Iceland, for the 12th year running, followed by Finland and Norway.</p>

<p>New Zealand took fourth place, ahead of Sweden.</p>

<p><em>(With input from agencies)</em></p>


The deadly Covid-19 crisis has widened the gender gap by a generation and closing it will take concerted efforts by policymakers around the world, a new report by the World Economic Forum (WEF) has said.

The deadly Covid-19 crisis has widened the gender gap by a generation and closing it will take concerted efforts by policymakers around the world, a new report by the World Economic Forum (WEF) has said. Also read: Gender inequality has cost world USD 70 trillion since 1990, report finds According to the report, women around the world will have to wait another 135.6 years – up from 99.5 years in 2020 – to achieve overall parity with men. The report also examined the gender gap in the areas of economic participation and opportunity, educational attainment, health and survival, and political empowerment. A range of studies has shown that the Covid-19 pandemic has had a disproportionate impact on women, who have lost jobs at a higher rate than men, and had to take on much more of the extra childcare burden when schools closed. The effects will be felt in the long-term, according to the World Economic Forum, which in its annual Global Gender Gap Report found that the goalposts for gender parity appeared to be moving further away. Watch: Gender pay equity, still many years away The Geneva-based organisation's annual report tracks disparities between the sexes in 156 countries across four areas: education, health, economic opportunity and political empowerment. Workplace equality in 267 years On the plus side, women appear to be gradually closing the gender gap in areas such as health and education. But inequality in the workplace -- which has long appeared to be the stickiest area to fix -- is still not expected to be erased for another 267.6 years. And the pandemic has not helped. The WEF pointed to a study by the UN's International Labour Organization showing that women were more likely to lose their jobs in the crisis, in part because they are disproportionately represented in sectors directly disrupted by lockdowns. Other surveys have shown that women were carrying a greater share of the burden of increased housework and childcare during lockdowns, contributing to higher stress and lower productivity levels. Women were also being hired back at a slower rate than men as workplaces opened up again, according to LinkedIn data referenced in the report. "The pandemic has fundamentally impacted gender equality in both the workplace and the home, rolling back years of progress," WEF managing director Saadia Zahidi said in the statement. "If we want a dynamic future economy, it is vital for women to be represented in the jobs of tomorrow," she said, stressing that "this is the moment to embed gender parity by design into the recovery." Political gender gap growing It was in the political sphere that the march towards gender parity did the biggest about-face, with several large-population countries seeing the political gender gap widen, the WEF study found. Women still hold just over a quarter of parliamentary seats worldwide, and only 22.6 percent of ministerial positions. On its current trajectory, the political gender gap is not expected to close completely for another 145.5 years, the report found. That marks a 50-per cent hike from the estimated 95 years in the 2020 report, WEF pointed out. Progress across the categories varies greatly in different countries and regions. The report pointed out that while Western European countries could close their overall gender gap in 52.1 years, countries in the Middle East and North Africa will take nearly 142.4 years to do so. Overall, the Nordic countries once again dominated the top of the table: the gap between men and women was narrowest in Iceland, for the 12th year running, followed by Finland and Norway. New Zealand took fourth place, ahead of Sweden. (With input from agencies)

Women have to wait 135.6 years to be on equal footing with men: World Economic Forum

The Davos Dialogues agenda marks the launch of the World Economic Forum's great reset initiative in the post-COVID-19 world.

India: PM Modi addresses virtual Davos World Economic Forum

<p>India's Prime Minister Narendra Modi today while addressing the virtual <a href="https://www.wionews.com/world/new-cold-war-will-only-push-the-world-into-division-says-president-xi-at-world-economic-forum-359255">World Economic Forum</a>(WEF) said that 2.3 million people have been vaccinated in just 12 days with a steady drop in coronavirus cases.</p>

<p>"I bring the message of positivity and hope for the world on behalf of over&nbsp;1.3 billion Indians," PM Modi told almost 400 industry leaders at the summit during the virtual summit. "India is now exporting PPE kits and masks," the Indian prime minister said.</p>

<p>"We used technology to the fullest," PM Modi said, adding, "India beat all odds in the fight against coronavirus."</p>

<p>The Indian PM lauded India's fight against coronavirus while informing that virus drugs was&nbsp;exported to 150 countries. "We prioritised saving each life at the hight of the pandemic," PM Modi asserted.</p>

<p>"In next some months, we will achieve our target of vaccinating 300 million elderly people and people with comorbidities," PM Modi said.</p>

<p>"Right now there are two Made in India vaccines. World Economic Forum will be relieved to know that many more vaccines will come from India in the future."</p>

<p>India's prime minister informed that &nbsp;"Aatmanirbhar Bharat Abhiyan" will help to build capacity stressing over&nbsp;India's reform which was long-awaited.</p>

<p>"When the virus hit, difficulties weren't any less for India,"&nbsp;the PM said, "I remember how experts from around the world predicted how India will be the worst affected country.&nbsp;It was said that as many as 700-800 million Indians will be affected while more than 2 million will die."</p>

<p>"India kept moving ahead with proactive approach. We trained our resources to fight the virus&nbsp;with testing and tracking to fight the virus. Today, India is one of the few countries which has been able to save most its&nbsp;citizens," India's prime minister said.</p>


India's Prime Minister Narendra Modi today while addressing the virtual World Economic Forum(WEF) said that 2.3 million people have been vaccinated in just 12 days with a steady drop in coronavirus cases.

India's Prime Minister Narendra Modi today while addressing the virtual World Economic Forum(WEF) said that 2.3 million people have been vaccinated in just 12 days with a steady drop in coronavirus cases. "I bring the message of positivity and hope for the world on behalf of over 1.3 billion Indians," PM Modi told almost 400 industry leaders at the summit during the virtual summit. "India is now exporting PPE kits and masks," the Indian prime minister said. "We used technology to the fullest," PM Modi said, adding, "India beat all odds in the fight against coronavirus." The Indian PM lauded India's fight against coronavirus while informing that virus drugs was exported to 150 countries. "We prioritised saving each life at the hight of the pandemic," PM Modi asserted. "In next some months, we will achieve our target of vaccinating 300 million elderly people and people with comorbidities," PM Modi said. "Right now there are two Made in India vaccines. World Economic Forum will be relieved to know that many more vaccines will come from India in the future." India's prime minister informed that "Aatmanirbhar Bharat Abhiyan" will help to build capacity stressing over India's reform which was long-awaited. "When the virus hit, difficulties weren't any less for India," the PM said, "I remember how experts from around the world predicted how India will be the worst affected country. It was said that as many as 700-800 million Indians will be affected while more than 2 million will die." "India kept moving ahead with proactive approach. We trained our resources to fight the virus with testing and tracking to fight the virus. Today, India is one of the few countries which has been able to save most its citizens," India's prime minister said.

India beat all odds in fight against coronavirus, says PM Modi at World Economic Forum's virtual summit

The streets of Davos are normally crowded at this time of the year as influential leaders from around the world gather here for the World Economic Forum's (WEF) Annual Meeting. But this year will be different; instead of gathering at the Swiss ski resort, the world's great and good will do so virtually due to the coronavirus pandemic.

Empty streets in Davos as World Economic Forum holds virtual meeting

The streets of Davos are normally crowded at this time of the year as influential leaders from around the world gather here for the World Economic Forum's (WEF) Annual Meeting.

<p>The World Economic Forum's online Davos Agenda Summit began on Sunday night with the premier of a concert filmed during the coronavirus pandemic in different parts of the world and the event will see top global leaders, including Prime Minister Narendra Modi and Chinese President Xi Jinping, speak on the state of the world over the next five days.</p>

<p>After a welcome address by WEF Founder and Executive Chairman Klaus Shwab, Swiss President Parmelin delivered a special address, followed by annual Crystal Awards and the premier of 'See Me: A Global Concert'.</p>

<p>The concert was presented as a shared expression of trust, connection and hope and it features orchestras and choirs in Beijing, Drakensberg, Florence, Kabul, Philadelphia, Vienna and Sao Paulo, with the cellist Yo-Yo Ma and music director Marin Alsop.</p>

<p>The concert was filmed on location despite the COVID-19 challenges.</p>

<p>In what could be the first major global summit of the year, the event will see more than 1,000 global leaders, including heads of state and government, CEOs and chairmen of big companies, heads of multilateral organisations as also members of academia and civil society, discuss economic, environmental, social and technological challenges following the COVID-19 pandemic.</p>

<p>The WEF said there would be 15 special addresses from G20 heads of state and government and international organisations during the summit that will continue till January 29.</p>

<p>Prime Minister Narendra Modi will deliver his address on Thursday.</p>

<p>Agriculture Minister Narendra Singh Tomar, Health Minister Harsh Vardhan and Petroleum and Steel Minister Dharmendra Pradhan, as also business leaders such as Anand Mahindra, Salil Parekh and Shobana Kamineni would be among other speakers from India.</p>

<p>While the WEF will host its physical annual meeting in May in Singapore, as against the regular venue of the Swiss ski resort town of Davos, the Geneva-based organisation is hosting this online event, named 'Davos Agenda' around the same time it generally hosts its yearly congregation of the rich and powerful of the world.</p>

<p>The event has been billed as a platform that will see top world leaders deliver special addresses and engage in dialogue with business leaders at the start of a "crucial year to rebuild trust".</p>

<p>Chinese President Xi Jinping will deliver a special address on Monday, while the day will also see several sessions including on the COVID-19 crisis, restoring economic growth and stakeholder capitalism.</p>

<p>United Nations Secretary-General Antonio Guterres will also address a session.</p>

<p>On Tuesday, the speakers would include South Africa President Cyril Ramaphosa, European Commission President Ursula von der Leyen, German Chancellor Angela Merkel, French President Emmanuel Macron, as also IMF chief Kristalina Georgieva.</p>

<p>Republic of Korea President Moon Jae-in, Italy Prime Minister Giuseppe Conte and Israeli Prime Minister Benjamin Netanyahu are among the listed speakers for Wednesday.</p>

<p>On Thursday, in addition to Modi, Jordan King Abdullah II ibn Al Hussein and Argentine President Alberto Fernandez will also deliver their special addresses.</p>

<p>Singapore's Prime Minister Lee Hsien Loong and Japan's Prime Minister Yoshihide Suga will speak on Friday, the last day of the summit.</p>

<p>On Monday, Schwab will also release his latest book, titled 'Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet.</p>

<p>' It explores how societies can build the future post-COVID and builds on the WEF's 50-year-old advocacy of the stakeholder approach.</p>

<p>Other major speakers would include Christine Lagarde, Bill Gates, Punit Renjen of Deloitte, Brian T Moynihan of Bank of America, Al Gore, Ishaan Tharoor, Mark Carney, Angel Gurria of OECD, Ajay Banga, K T Rama Rao, Masayoshi Son of Softbank and Tedros Adhanom Ghebreyesus of the WHO.</p>

<p>The list of registered participants also include Union ministers Nitin Gadkari, Smriti Irani and Piyush Goyal, along with top business leaders such as Mukesh Ambani, Gautam Adani, Ravi Ruia, Rishad Premji, Pawan Munjal, Rajan Mittal, Sunil Mittal, Ajay Khanna, Ajit Gulabchand, Hari S Bhartia and Sanjiv Bajaj.</p>

<p>Former RBI Governor Raghuram Rajan, Tata Steel CEO T Narendran and Walmart CEO Doug McMillon are also among registered participants.</p>

<p>The WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic.</p>

<p>The 'Davos Agenda' will also mark the launch of WEF's "Great Reset Initiative'' and begin the preparation of the special Annual Meeting in the spring, said the Geneva-based entity, which describes itself as an international organisation for public-private cooperation.</p>

<p>Industry leaders and public figures will discuss how to advance and accelerate public-private collaboration on critical issues such as COVID-19 vaccination, job creation and climate change, among others, according to the WEF.</p>

<p>While the WEF annual meeting for 2021 will be held during May 13-16 in Singapore, the high-profile summit will return to Davos in 2022.</p>

<p>The conclusions from the Davos Agenda week will feed into task forces working on global issues for the upcoming Special Annual Meeting in Singapore, the WEF said.</p>


The World Economic Forum's online Davos Agenda Summit began on Sunday night with the premier of a concert filmed during the coronavirus pandemic in different parts of the world and the event will see top global leaders, including Prime Minister Narendra Modi and Chinese President Xi Jinping, speak on the state of the world over the next five days.

The World Economic Forum's online Davos Agenda Summit began on Sunday night with the premier of a concert filmed during the coronavirus pandemic in different parts of the world and the event will see top global leaders, including Prime Minister Narendra Modi and Chinese President Xi Jinping, speak on the state of the world over the next five days. After a welcome address by WEF Founder and Executive Chairman Klaus Shwab, Swiss President Parmelin delivered a special address, followed by annual Crystal Awards and the premier of 'See Me: A Global Concert'. The concert was presented as a shared expression of trust, connection and hope and it features orchestras and choirs in Beijing, Drakensberg, Florence, Kabul, Philadelphia, Vienna and Sao Paulo, with the cellist Yo-Yo Ma and music director Marin Alsop. The concert was filmed on location despite the COVID-19 challenges. In what could be the first major global summit of the year, the event will see more than 1,000 global leaders, including heads of state and government, CEOs and chairmen of big companies, heads of multilateral organisations as also members of academia and civil society, discuss economic, environmental, social and technological challenges following the COVID-19 pandemic. The WEF said there would be 15 special addresses from G20 heads of state and government and international organisations during the summit that will continue till January 29. Prime Minister Narendra Modi will deliver his address on Thursday. Agriculture Minister Narendra Singh Tomar, Health Minister Harsh Vardhan and Petroleum and Steel Minister Dharmendra Pradhan, as also business leaders such as Anand Mahindra, Salil Parekh and Shobana Kamineni would be among other speakers from India. While the WEF will host its physical annual meeting in May in Singapore, as against the regular venue of the Swiss ski resort town of Davos, the Geneva-based organisation is hosting this online event, named 'Davos Agenda' around the same time it generally hosts its yearly congregation of the rich and powerful of the world. The event has been billed as a platform that will see top world leaders deliver special addresses and engage in dialogue with business leaders at the start of a "crucial year to rebuild trust". Chinese President Xi Jinping will deliver a special address on Monday, while the day will also see several sessions including on the COVID-19 crisis, restoring economic growth and stakeholder capitalism. United Nations Secretary-General Antonio Guterres will also address a session. On Tuesday, the speakers would include South Africa President Cyril Ramaphosa, European Commission President Ursula von der Leyen, German Chancellor Angela Merkel, French President Emmanuel Macron, as also IMF chief Kristalina Georgieva. Republic of Korea President Moon Jae-in, Italy Prime Minister Giuseppe Conte and Israeli Prime Minister Benjamin Netanyahu are among the listed speakers for Wednesday. On Thursday, in addition to Modi, Jordan King Abdullah II ibn Al Hussein and Argentine President Alberto Fernandez will also deliver their special addresses. Singapore's Prime Minister Lee Hsien Loong and Japan's Prime Minister Yoshihide Suga will speak on Friday, the last day of the summit. On Monday, Schwab will also release his latest book, titled 'Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet. ' It explores how societies can build the future post-COVID and builds on the WEF's 50-year-old advocacy of the stakeholder approach. Other major speakers would include Christine Lagarde, Bill Gates, Punit Renjen of Deloitte, Brian T Moynihan of Bank of America, Al Gore, Ishaan Tharoor, Mark Carney, Angel Gurria of OECD, Ajay Banga, K T Rama Rao, Masayoshi Son of Softbank and Tedros Adhanom Ghebreyesus of the WHO. The list of registered participants also include Union ministers Nitin Gadkari, Smriti Irani and Piyush Goyal, along with top business leaders such as Mukesh Ambani, Gautam Adani, Ravi Ruia, Rishad Premji, Pawan Munjal, Rajan Mittal, Sunil Mittal, Ajay Khanna, Ajit Gulabchand, Hari S Bhartia and Sanjiv Bajaj. Former RBI Governor Raghuram Rajan, Tata Steel CEO T Narendran and Walmart CEO Doug McMillon are also among registered participants. The WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic. The 'Davos Agenda' will also mark the launch of WEF's "Great Reset Initiative'' and begin the preparation of the special Annual Meeting in the spring, said the Geneva-based entity, which describes itself as an international organisation for public-private cooperation. Industry leaders and public figures will discuss how to advance and accelerate public-private collaboration on critical issues such as COVID-19 vaccination, job creation and climate change, among others, according to the WEF. While the WEF annual meeting for 2021 will be held during May 13-16 in Singapore, the high-profile summit will return to Davos in 2022. The conclusions from the Davos Agenda week will feed into task forces working on global issues for the upcoming Special Annual Meeting in Singapore, the WEF said.

World Economic Forum's online Davos summit begins; PM Modi to address on January 28

<p><a href="https://www.wionews.com/world/china-overtakes-us-as-top-fdi-destination-359210">Chinese</a> President Xi Jinping speaking virtually at the World Economic Forum(WEF) warned against the "new Cold War".</p>

<p><strong>Watch:</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/china-rushes-to-snuff-out-covid-19-clusters-359059/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>"To build small cliques or start a new Cold War, to reject, threaten or intimidate others... will only push the world into division," the Chinese President said.</p>

<p><strong>Xi </strong>asserted that confrontation will lead to a "dead end".</p>

<p>"The recent resurgence in COVID-19 cases reminds us that we must carry on the fight. Yet we remain convinced that winter cannot stop the arrival of spring and darkness can never shroud the light of dawn. There is no doubt that humanity will prevail over the virus and emerge even stronger from this disaster," th Chinese President said.</p>

<p>"The past year was marked by the sudden onslaught of the COVID-19 pandemic. Global public health faced severe threat and the world economy was mired in a deep <strong>recession</strong>. Humanity encountered multiple crises rarely seen in human history," Xi said as China continues to grapple with the virus with new cases reported in the country's northeast.</p>

<p>Xi said that no global problem can be solved by any one country alone. "There must be <strong>global action</strong>, global response and global cooperation," he added.</p>

<p>The Chinese President said: "The problems facing the world are intricate and complex, and the way out of them is through upholding multilateralism and building a community with a shared future for mankind."</p>


Chinese President Xi Jinping speaking virtually at the World Economic Forum(WEF) warned against the "new Cold War". Watch: "To build small cliques or start a new Cold War, to reject, threaten or intimidate others.

Chinese President Xi Jinping speaking virtually at the World Economic Forum(WEF) warned against the "new Cold War". Watch: "To build small cliques or start a new Cold War, to reject, threaten or intimidate others... will only push the world into division," the Chinese President said. Xi asserted that confrontation will lead to a "dead end". "The recent resurgence in COVID-19 cases reminds us that we must carry on the fight. Yet we remain convinced that winter cannot stop the arrival of spring and darkness can never shroud the light of dawn. There is no doubt that humanity will prevail over the virus and emerge even stronger from this disaster," th Chinese President said. "The past year was marked by the sudden onslaught of the COVID-19 pandemic. Global public health faced severe threat and the world economy was mired in a deep recession. Humanity encountered multiple crises rarely seen in human history," Xi said as China continues to grapple with the virus with new cases reported in the country's northeast. Xi said that no global problem can be solved by any one country alone. "There must be global action, global response and global cooperation," he added. The Chinese President said: "The problems facing the world are intricate and complex, and the way out of them is through upholding multilateralism and building a community with a shared future for mankind."

New Cold War will only push the world into division, says President Xi at World Economic Forum

<p>Davos in Switzerland is normally very crowded at this time of the year thanks to World Economic Forum (WEF). However, the streets of the ski resort are deserted this year as WEF went online this time due to coronavirus pandemic. This year, world's great and good will interact virtually. There is no shortage of topics as the world economy is in deep crisis after a year marred by the COVID crisis. Soaring unemployment and debt levels, growing income inequality and climate change have proven to be great impediments in global progress.</p>

<p>"We have practically assembled the same high level - and also amount - of global decision-makers for politics, business, society as we usually do in Davos." said WEF chief Klaus Schwab in an interview with Reuters.</p>

<p>"What makes Davos different is that you do not just have some heads of state or some top business leaders, you have practically everyone who counts coming together," he added.</p>

<p>Heads of states, CEOs, civil society leaders, global media and youth leaders from Africa, Asia, Europe, Middle East, Latin America and North America will attend the WEF virtually this year.</p>

<p>The WEF is hoping that normalcy returns and has planned a face-to-face meeting in Singapore in May.</p>

<p>The World Economic Forum 2021 kicks off on Monday (January 25) and ends on Friday (January 29).</p>


Davos in Switzerland is normally very crowded at this time of the year thanks to World Economic Forum (WEF). However, the streets of the ski resort are deserted this year as WEF went online this time due to coronavirus pandemic.

Davos in Switzerland is normally very crowded at this time of the year thanks to World Economic Forum (WEF). However, the streets of the ski resort are deserted this year as WEF went online this time due to coronavirus pandemic. This year, world's great and good will interact virtually. There is no shortage of topics as the world economy is in deep crisis after a year marred by the COVID crisis. Soaring unemployment and debt levels, growing income inequality and climate change have proven to be great impediments in global progress. "We have practically assembled the same high level - and also amount - of global decision-makers for politics, business, society as we usually do in Davos." said WEF chief Klaus Schwab in an interview with Reuters. "What makes Davos different is that you do not just have some heads of state or some top business leaders, you have practically everyone who counts coming together," he added. Heads of states, CEOs, civil society leaders, global media and youth leaders from Africa, Asia, Europe, Middle East, Latin America and North America will attend the WEF virtually this year. The WEF is hoping that normalcy returns and has planned a face-to-face meeting in Singapore in May. The World Economic Forum 2021 kicks off on Monday (January 25) and ends on Friday (January 29).

Empty streets in Davos as World Economic Forum goes virtual

<p>Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum.<br />
<br />
Over 650 members of the WEF from an array of fields including business, government, and academia participial in survey, and also identified extreme weather events and cybersecurity failure as key risks.</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/climate-change-dominates-world-economic-forum-2020-276415/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The WEF released its annual risks report on Tuesday, and took into account the havoc wreaked by COVID-19. Lockdowns were imposed around the globe to contain the spread of the virus, but this has led to major job losses and closure of businesses.</p>

<p>Owing to this, the threat of civil unrest has also increased, along with unequal access to technology.</p>

<p>The WEF also referred to medium-term worries including debt crises, as found by the report.</p>

<p><strong>Also read:&nbsp;</strong><a href="http://13.235.153.162/world/coming-decades-will-see-unbearable-60degc-days-warns-world-economic-forum-349069" hreflang="en">Coming decades will see unbearable 60°C days, warns World Economic Forum</a></p>

<p>Other long-term concerns include the use of weapons of mass destruction, along with collapses of state.</p>

<p>"As governments, businesses and societies begin to emerge from the pandemic, they must now urgently shape new economic and social systems that improve our collective resilience and capacity to respond to shocks while reducing inequality, improving health and protecting the planet," Saadia Zahidi, the managing director at WEF said.</p>

<p><strong>Also read:&nbsp;</strong><a href="http://13.235.153.162/world/veiled-attacks-and-glares-exchanged-between-trump-and-thunberg-at-wef-275781" hreflang="en">Veiled attacks and glares exchanged between Trump and Thunberg at WEF</a></p>

<p>"The pandemic has accelerated trends that have been coming for a long time," Carolina Klint, the risk management leader of Continental Europe at the broker Marsh told Reuters.</p>

<p>Global leaders are set to host a virtual Davos Agenda next week. Usually, the leaders meet in January in Switzerland. This time, they will meet face-to-face in Singapore in May.</p>


Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum.

Among a series of threats to our world in the next two years, infectious diseases and crises of livelihood topped the list of a survey undertaken by the World Economic Forum. Over 650 members of the WEF from an array of fields including business, government, and academia participial in survey, and also identified extreme weather events and cybersecurity failure as key risks. The WEF released its annual risks report on Tuesday, and took into account the havoc wreaked by COVID-19. Lockdowns were imposed around the globe to contain the spread of the virus, but this has led to major job losses and closure of businesses. Owing to this, the threat of civil unrest has also increased, along with unequal access to technology. The WEF also referred to medium-term worries including debt crises, as found by the report. Also read: Coming decades will see unbearable 60°C days, warns World Economic Forum Other long-term concerns include the use of weapons of mass destruction, along with collapses of state. "As governments, businesses and societies begin to emerge from the pandemic, they must now urgently shape new economic and social systems that improve our collective resilience and capacity to respond to shocks while reducing inequality, improving health and protecting the planet," Saadia Zahidi, the managing director at WEF said. Also read: Veiled attacks and glares exchanged between Trump and Thunberg at WEF "The pandemic has accelerated trends that have been coming for a long time," Carolina Klint, the risk management leader of Continental Europe at the broker Marsh told Reuters. Global leaders are set to host a virtual Davos Agenda next week. Usually, the leaders meet in January in Switzerland. This time, they will meet face-to-face in Singapore in May.

Epidemics, livelihood crises world's biggest risks over next 2 years: World Economic Forum

<p>The re-emergence of a popular expression used in&nbsp;discourse by Canadian Prime Minister Justin Trudeau has online media clients scrambling to look into the World Economic Forum's "Great Reset," recently excused by some as a mere conspiracy theory.</p>

<p>An extract of an ongoing Trudeau discourse posted on Sunday has constrained some to reevaluate their suspicion over the 'Great Reset,' long pooh-poohed as a fear inspired notion regardless of being the title of a real proclamation for overall social change composed by Klaus Schwab, the head of the World Economic Forum.&nbsp;</p>

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<p dir="ltr" lang="en">Justin Trudeau calling the coronavirus pandemic an opportunity for a reset as per the WEF, and parroting the ‘build back better’ line which Biden just so happened to use as a campaign slogan.<br />
<br />
Must all be a coincidence and not at all coordinated.<a href="https://t.co/O406Cy5I8N">pic.twitter.com/O406Cy5I8N</a></p>
— Jonathan Witt (@Jonathan_Witt) <a href="https://twitter.com/Jonathan_Witt/status/1327992732657258497?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p>Promising a 'reset' is underway, Trudeau developed the puzzling 'Form Back Better' trademark that has surfaced on the lips of legislators and NGOs around the world. At first transmission in late September, the discourse saw him promise $400 million to worldwide helpful guide ventures.&nbsp;</p>

<p>"Working back better methods offering to back to the most defenseless while keeping up our energy on arriving at the 2030 Agenda for Sustainable Development and the [Sustainable Development Goals]," the PM stated, referring to the UN's Agenda 2030, another bête noire of intrigue specialists who trust it speaks to the plan for worldwide authoritarian government.&nbsp;</p>

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<p dir="ltr" lang="en">"The Great Reset" is now reaching peak-level at Google Trends. <a href="https://t.co/PU9KQ67arm">pic.twitter.com/PU9KQ67arm</a></p>
— Disclose.tv 🚨 (@disclosetv) <a href="https://twitter.com/disclosetv/status/1328347733804113921?ref_src=twsrc%5Etfw">November 16, 2020</a></blockquote>
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<p>Clearly startled by the Great Reset being a ''real thing,''&nbsp;watchers hurried to find it, sending looks for the term taking off on Google.&nbsp;</p>

<p>While some so-called Great Reset 'specialists' accepted the open door to impart their decisions to the inquisitive, others simply selected to criticise the program.&nbsp;</p>

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<p dir="ltr" lang="en">Klaus Schwab of the World Economic Forum (part of the United Nations network) says the Fourth Industrial Revolution (part of the Great Reset agenda) will "lead to a fusion of our physical, digital and biological identity"<br />
<br />
simply put, this means globally enforced transhumanism <a href="https://t.co/Tn1gClNOVe">pic.twitter.com/Tn1gClNOVe</a></p>
— SP fan account (@thuletide) <a href="https://twitter.com/thuletide/status/1328092319170646017?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p dir="ltr" lang="en">Schwab knows:<br />
1. Neoliberalism is 'done' because the parasitic Ponzi scheme is collapsing<br />
2. Unless the 'parasites' crack down they'll lose control<br />
3. 'The Great Reset' is the plan for the final overthrow of democracy<br />
But he talks about 'trust', because that's what deceivers do <a href="https://t.co/574XY13SWx">pic.twitter.com/574XY13SWx</a></p>
— MarkGB (@MarkGBblog) <a href="https://twitter.com/MarkGBblog/status/1328075238379294722?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p dir="ltr" lang="en">We will stop the great reset</p>
— George Papadopoulos (@GeorgePapa19) <a href="https://twitter.com/GeorgePapa19/status/1328075355589144580?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p dir="ltr" lang="en">Raise your hand if you are against the great reset/Agenda 2030.</p>
— ALG 'you people" (@ALGhammer) <a href="https://twitter.com/ALGhammer/status/1327951936205643776?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p>While some trust Covid-19 was purposely released to introduce the Great Reset, others think the WEF and the decision classes have only seized on the pandemic as the ideal occasion to force their arrangement on populaces improbable to grasp it in the event that they had a decision.</p>

<p>Many were wary about plunging down the Reset hare opening while at the same time recognizing that a curiously enormous number of world pioneers and NGO chiefs were talking in comparable terms. US president-elect Joe Biden's mission trademark was "Work Back Better," while UK PM Boris Johnson declared months prior that his nation would utilize the Covid as an occasion to "work back better."</p>

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<p dir="ltr" lang="en">Macron and Merkel also said something along the same lines</p>
— Johann van Heerden (@stephanus_56405) <a href="https://twitter.com/stephanus_56405/status/1328174423984250881?ref_src=twsrc%5Etfw">November 16, 2020</a></blockquote>
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<p dir="ltr" lang="en">Once you recognise the language of The Great Reset, it is shocking to see how much of the plan is already out in the open.<br />
<br />
It's in books, TIME magazine, websites, social media, advertising, news and repeated by govt's worldwide.<br />
<br />
<a href="https://twitter.com/hashtag/TheGreatReset?src=hash&amp;ref_src=twsrc%5Etfw">#TheGreatReset</a> <a href="https://twitter.com/hashtag/BuildBackBetter?src=hash&amp;ref_src=twsrc%5Etfw">#BuildBackBetter</a> <a href="https://twitter.com/hashtag/ClimateChange?src=hash&amp;ref_src=twsrc%5Etfw">#ClimateChange</a> <a href="https://t.co/317AIYtZKM">pic.twitter.com/317AIYtZKM</a></p>
— Torbay Tweets (@TorbayTweets) <a href="https://twitter.com/TorbayTweets/status/1328050267724656643?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p>Indeed, even confronted with the words coming from Trudeau's mouth, be that as it may, not every person was persuaded Trudeau's discourse spoke to something evil.&nbsp;</p>

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<p dir="ltr" lang="en">Oooh! A conspiracy.</p>
— Richard Spoor (@Richard_Spoor) <a href="https://twitter.com/Richard_Spoor/status/1328032902546919424?ref_src=twsrc%5Etfw">November 15, 2020</a></blockquote>
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<p dir="ltr" lang="en">I see "The Great Reset" conspiracy about Covid-19 is trending again.<br />
<br />
Always love it when the same crowd who tell us politicians are incredibly incompetent and useless simultaneously believe they all came togther to brilliantly execute a global masterplan.<br />
<br />
Happy Monday everyone! <a href="https://t.co/edMKMW6jPm">pic.twitter.com/edMKMW6jPm</a></p>
— Shayan Sardarizadeh (@Shayan86) <a href="https://twitter.com/Shayan86/status/1328315642886418437?ref_src=twsrc%5Etfw">November 16, 2020</a></blockquote>
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<p>In the content of his "Great Reset" book, Schwab calls for worldwide pioneers to take advantage of the lucky break introduced by the Covid-19 pandemic to revamp society in their picture and pronounces the world will "never" get back to business as usual – despite the fact that the sickness itself doesn't "represent another existential danger" to humankind.&nbsp;</p>

<p>Trudeau, Biden, Johnson, and other incredible figures like the UK's Prince Charles have loaned their help to the program lately, announcing the Covid-19 pandemic speaks to a once in a blue moon occasion to rethink society.</p>


The re-emergence of a popular expression used in discourse by Canadian Prime Minister Justin Trudeau has online media clients scrambling to look into the World Economic Forum's "Great Reset," recently excused by some as a mere conspiracy theory.

The re-emergence of a popular expression used in discourse by Canadian Prime Minister Justin Trudeau has online media clients scrambling to look into the World Economic Forum's "Great Reset," recently excused by some as a mere conspiracy theory. An extract of an ongoing Trudeau discourse posted on Sunday has constrained some to reevaluate their suspicion over the 'Great Reset,' long pooh-poohed as a fear inspired notion regardless of being the title of a real proclamation for overall social change composed by Klaus Schwab, the head of the World Economic Forum. Justin Trudeau calling the coronavirus pandemic an opportunity for a reset as per the WEF, and parroting the ‘build back better’ line which Biden just so happened to use as a campaign slogan. Must all be a coincidence and not at all coordinated.pic.twitter.com/O406Cy5I8N — Jonathan Witt (@Jonathan_Witt) November 15, 2020 × Promising a 'reset' is underway, Trudeau developed the puzzling 'Form Back Better' trademark that has surfaced on the lips of legislators and NGOs around the world. At first transmission in late September, the discourse saw him promise $400 million to worldwide helpful guide ventures. "Working back better methods offering to back to the most defenseless while keeping up our energy on arriving at the 2030 Agenda for Sustainable Development and the [Sustainable Development Goals]," the PM stated, referring to the UN's Agenda 2030, another bête noire of intrigue specialists who trust it speaks to the plan for worldwide authoritarian government. "The Great Reset" is now reaching peak-level at Google Trends. pic.twitter.com/PU9KQ67arm — Disclose.tv 🚨 (@disclosetv) November 16, 2020 × Clearly startled by the Great Reset being a ''real thing,'' watchers hurried to find it, sending looks for the term taking off on Google. While some so-called Great Reset 'specialists' accepted the open door to impart their decisions to the inquisitive, others simply selected to criticise the program. Klaus Schwab of the World Economic Forum (part of the United Nations network) says the Fourth Industrial Revolution (part of the Great Reset agenda) will "lead to a fusion of our physical, digital and biological identity" simply put, this means globally enforced transhumanism pic.twitter.com/Tn1gClNOVe — SP fan account (@thuletide) November 15, 2020 × Schwab knows: 1. Neoliberalism is 'done' because the parasitic Ponzi scheme is collapsing 2. Unless the 'parasites' crack down they'll lose control 3. 'The Great Reset' is the plan for the final overthrow of democracy But he talks about 'trust', because that's what deceivers do pic.twitter.com/574XY13SWx — MarkGB (@MarkGBblog) November 15, 2020 × We will stop the great reset — George Papadopoulos (@GeorgePapa19) November 15, 2020 × Raise your hand if you are against the great reset/Agenda 2030. — ALG 'you people" (@ALGhammer) November 15, 2020 × While some trust Covid-19 was purposely released to introduce the Great Reset, others think the WEF and the decision classes have only seized on the pandemic as the ideal occasion to force their arrangement on populaces improbable to grasp it in the event that they had a decision. Many were wary about plunging down the Reset hare opening while at the same time recognizing that a curiously enormous number of world pioneers and NGO chiefs were talking in comparable terms. US president-elect Joe Biden's mission trademark was "Work Back Better," while UK PM Boris Johnson declared months prior that his nation would utilize the Covid as an occasion to "work back better." Macron and Merkel also said something along the same lines — Johann van Heerden (@stephanus_56405) November 16, 2020 × Once you recognise the language of The Great Reset, it is shocking to see how much of the plan is already out in the open. It's in books, TIME magazine, websites, social media, advertising, news and repeated by govt's worldwide. #TheGreatReset #BuildBackBetter #ClimateChange pic.twitter.com/317AIYtZKM — Torbay Tweets (@TorbayTweets) November 15, 2020 × Indeed, even confronted with the words coming from Trudeau's mouth, be that as it may, not every person was persuaded Trudeau's discourse spoke to something evil. Oooh! A conspiracy. — Richard Spoor (@Richard_Spoor) November 15, 2020 × I see "The Great Reset" conspiracy about Covid-19 is trending again. Always love it when the same crowd who tell us politicians are incredibly incompetent and useless simultaneously believe they all came togther to brilliantly execute a global masterplan. Happy Monday everyone! pic.twitter.com/edMKMW6jPm — Shayan Sardarizadeh (@Shayan86) November 16, 2020 × In the content of his "Great Reset" book, Schwab calls for worldwide pioneers to take advantage of the lucky break introduced by the Covid-19 pandemic to revamp society in their picture and pronounces the world will "never" get back to business as usual – despite the fact that the sickness itself doesn't "represent another existential danger" to humankind. Trudeau, Biden, Johnson, and other incredible figures like the UK's Prince Charles have loaned their help to the program lately, announcing the Covid-19 pandemic speaks to a once in a blue moon occasion to rethink society.

'Great Reset' conspiracy theory takes Twitter by storm after Trudeau's speech on COVID-19

<p>Economic inequality has gone haywire, and as of 2019 more than 2,153 billionaires have more wealth than 4.6 billion people.&nbsp;</p>

<p><strong>Also read: <a href="https://www.wionews.com/india-news/oxfam-releases-report-ahead-of-world-economic-forum-annual-meeting-explains-the-benefits-of-taxing-indias-top-1-275407">Wealth inequality in India — A maid would need to work for 22,277 years to earn as much as a top CEO</a></strong></p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/world/unpaid-work-done-by-women-globally-worth-43-times-apples-annual-turnover-oxfam-191775">Unpaid work done by women globally worth 43-times Apple's annual turnover: Oxfam</a></strong></p>

<p>In Oxfam's 'Time to Care' report published ahead of the WEF Annual Meeting - also called the "Davos 2020", UK-based charity accused governments the world over of massively under-taxing rich corporations and individuals. All this while public services remain severely underfunded in many developing countries.</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/india-news/world-economic-forums-global-gender-gap-index-india-slips-to-112th-rank-268698">World Economic Forum’s Global Gender gap index: India slips to 112th rank</a></strong></p>

<p>The report highlighted gender-based economic disparities as well, stating that women and girls bore the brunt of a disproportionate responsibility for care work with sporadic economic opportunities.</p>

<p>Citing the data collected by Bloomberg, the world's richest people have amassed a total of USD 231 billion over the past decade. Founder of Facebook and CEO Mark Zuckerberg, fifth richest person in the world has the highest boost last year with a nett gain of around USD 6 billion.</p>

<p>Oxfam report claimed that an individual saving USD 10,000 per day since the construction of the Pyramids of Giza would still have only a fifth of the average fortune of the world's top five. Understanding the severity of the wealth disparity was made easier by another statement by Oxfam, that the combined wealth of the world's 22 richest men is at par, perhaps even more than the wealth of all the women in Africa.</p>


Economic inequality has gone haywire, and as of 2019 more than 2,153 billionaires have more wealth than 4.6 billion people. Also read: Wealth inequality in India — A maid would need to work for 22,277 years to earn as much as a top CEO Also read: Unpaid work done by women globally worth 43-times Apple's annual turnover: Oxfam In Oxfam's 'Time to Care' report published ahead of the WEF Annual Meeting - also called the "Davos 2020", UK-based charity accused governments the world over of massively under-taxing rich corporations and individuals.

Economic inequality has gone haywire, and as of 2019 more than 2,153 billionaires have more wealth than 4.6 billion people. Also read: Wealth inequality in India — A maid would need to work for 22,277 years to earn as much as a top CEO Also read: Unpaid work done by women globally worth 43-times Apple's annual turnover: Oxfam In Oxfam's 'Time to Care' report published ahead of the WEF Annual Meeting - also called the "Davos 2020", UK-based charity accused governments the world over of massively under-taxing rich corporations and individuals. All this while public services remain severely underfunded in many developing countries. Also read: World Economic Forum’s Global Gender gap index: India slips to 112th rank The report highlighted gender-based economic disparities as well, stating that women and girls bore the brunt of a disproportionate responsibility for care work with sporadic economic opportunities. Citing the data collected by Bloomberg, the world's richest people have amassed a total of USD 231 billion over the past decade. Founder of Facebook and CEO Mark Zuckerberg, fifth richest person in the world has the highest boost last year with a nett gain of around USD 6 billion. Oxfam report claimed that an individual saving USD 10,000 per day since the construction of the Pyramids of Giza would still have only a fifth of the average fortune of the world's top five. Understanding the severity of the wealth disparity was made easier by another statement by Oxfam, that the combined wealth of the world's 22 richest men is at par, perhaps even more than the wealth of all the women in Africa.

2,153 billionaires have more money than 4.6 billion people combined: Oxfam

<p>India's most affluent 1 per cent control four-times the riches held by 953 million individuals who establish the last 70 per cent of India's populace, though the total wealth of all Indian tycoons are more than the full-year budget, stated a new study on Monday.</p>

<p><a href="https://www.wionews.com/world/2153-billionaires-have-more-money-than-46-billion-people-combined-oxfam-275420"><strong>Also read: 2,153 billionaires have more money than 4.6 billion people combined — Oxfam</strong></a><br />
<br />
Rights group <a href="https://www.wionews.com/india-news/oxfam-says-former-haiti-director-admitted-hiring-sex-workers-33343">Oxfam</a> released a study 'Time to Care' ahead of the 50th Annual meeting of the <a href="https://www.wionews.com/south-asia/pakistan-ranks-110th-among-141-countries-on-wefs-global-competitiveness-index-255199">World Economic Forum</a> (WEF). Citing research from the <a href="https://www.wionews.com/business-economy/world-bank-slashes-global-growth-forecast-amid-deepening-us-china-trade-conflict-224398">World Bank</a>, the report further states that reducing inequality has a more pronounced effect on lowering extreme poverty than economic growth, saying that "Analysis indicates if countries were to reduce income inequality by 1 percent each year, 100 million people would be saved from extreme poverty by 2030."</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/india-news/world-economic-forums-global-gender-gap-index-india-slips-to-112th-rank-268698">World Economic Forum’s Global Gender gap index: India slips to 112th rank</a></strong></p>

<p>As per the report, global inequality is entrenched and vast, with the number of billionaires doubling in the last decade despite a decrease in their combined wealth in the last year. "The gap between rich and poor cannot be resolved without deliberate inequality-busting policies and too few governments are committed to these," said Oxfam India CEO Amitabh Behar.</p>

<p>The issues of income and gender inequality are expected to figure prominently in discussions at the five-day WEF summit, starting on Monday. The <a href="https://www.wionews.com/world/world-to-be-riskier-place-in-2018-world-economic-forum-29875">Annual Global Risk Report</a> warns that downward pressure on the global economy from the macroeconomic fragilities continued to intensify in 2019.</p>

<p>Concerns about inequality root from social unrest in almost every continent, though the catalyst may not always be the same such as corruption, constitutional breaches or the rise in prices for basic services and good, the WEF report claimed.</p>

<p>Although global inequality has declined over the past three decades, domestic income inequality has risen in many nations, particularly in advanced economies, reaching historic highs in some, according to the Global Risks Report.</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/india-news/indias-richest-1-get-richer-by-39-in-2018-just-3-rise-for-bottom-half-oxfam-191688">Wealth of 9 richest Indians equal to poorer 50% of population: Oxfam</a></strong></p>

<p>Oxfam report further stated that "<a href="https://www.wionews.com/opinions/more-girls-die-under-age-five-in-countries-with-high-gender-inequality-174574">sexist</a>" economies are fuelling the inequality crisis by enabling the wealthy elite to accumulate vast fortunes at the expense of the common man, particularly poor women and girls. As far as India is concerned, Oxfam claims that the combined wealth of 63 billionaires is higher than the Union Budget of India for the fiscal year 2018-19, rated at 24,42,200 crore.</p>

<p>According to the report, a female domestic worker would need 22,277 years to earn the same amount the top CEO of a technology earns in a year. With earnings pegged at Rs.106 per second, a tech CEO stands to make more in 10 minutes than what a domestic worker would make in a year. Women and girls put in 3.26 billion hours of unpaid care work every day - a contribution to the Indian economy of at least Rs. 19 lakh crore a year, 20 times the entire education budget of India for 2019 (Rs. 93,000 crores).</p>

<p>The report also claims that direct public investments in the care economy of 2 per cent of the GDP could potentially create 11 million new jobs, compensating for the 11 million jobs lost in 2018.</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/world/unpaid-work-done-by-women-globally-worth-43-times-apples-annual-turnover-oxfam-191775">Unpaid work done by women globally worth 43-times Apple's annual turnover: Oxfam</a></strong></p>

<p>Mr Behar stated, "unpaid care work is the 'hidden engine' that keeps the wheels of our economies, businesses and societies moving. It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy."</p>

<p>Oxfam accused governments of failing to collect revenues that could help lift the responsibility of care from women, tackling poverty and inequality and under-taxing the wealthiest individuals and corporations.</p>

<p>Governments are also underfunding vital public services and infrastructure that could help reduce the workload of this demographic, the report said. As per the global survey, 22 richest men in the world have more wealth than all the women in <a href="https://www.wionews.com/world/after-attacks-on-people-and-livestock-tanzania-will-relocate-36-serengeti-lions-275220">Africa</a>.</p>

<p>Women and girls undertake 12.5 billion hours of unpaid care work every single day, which contributes to the global economy of at least USD 10.8 trillion a year - three times the size of the global tech industry. If the richest were to pay 0.5 per cent of extra tax on their wealth over the next 10 years, it would equal the investment needed to create 117 million jobs in sectors such as child care, education, health and elderly care.</p>

<p>Prioritising care as much as other sectors is a must for governments to build economies that work for everyone, not just a fortunate few, Mr Behar said. Oxfam claims that its calculations are based on the latest data sources available, citing research from the Credit Suisse Research Institute's Global Wealth Databook 2019 and Forbes 2019 Billionaires List.</p>


India's most affluent 1 per cent control four-times the riches held by 953 million individuals who establish the last 70 per cent of India's populace, though the total wealth of all Indian tycoons are more than the full-year budget, stated a new study on Monday.

India's most affluent 1 per cent control four-times the riches held by 953 million individuals who establish the last 70 per cent of India's populace, though the total wealth of all Indian tycoons are more than the full-year budget, stated a new study on Monday. Also read: 2,153 billionaires have more money than 4.6 billion people combined — Oxfam Rights group Oxfam released a study 'Time to Care' ahead of the 50th Annual meeting of the World Economic Forum (WEF). Citing research from the World Bank, the report further states that reducing inequality has a more pronounced effect on lowering extreme poverty than economic growth, saying that "Analysis indicates if countries were to reduce income inequality by 1 percent each year, 100 million people would be saved from extreme poverty by 2030." Also read: World Economic Forum’s Global Gender gap index: India slips to 112th rank As per the report, global inequality is entrenched and vast, with the number of billionaires doubling in the last decade despite a decrease in their combined wealth in the last year. "The gap between rich and poor cannot be resolved without deliberate inequality-busting policies and too few governments are committed to these," said Oxfam India CEO Amitabh Behar. The issues of income and gender inequality are expected to figure prominently in discussions at the five-day WEF summit, starting on Monday. The Annual Global Risk Report warns that downward pressure on the global economy from the macroeconomic fragilities continued to intensify in 2019. Concerns about inequality root from social unrest in almost every continent, though the catalyst may not always be the same such as corruption, constitutional breaches or the rise in prices for basic services and good, the WEF report claimed. Although global inequality has declined over the past three decades, domestic income inequality has risen in many nations, particularly in advanced economies, reaching historic highs in some, according to the Global Risks Report. Also read: Wealth of 9 richest Indians equal to poorer 50% of population: Oxfam Oxfam report further stated that "sexist" economies are fuelling the inequality crisis by enabling the wealthy elite to accumulate vast fortunes at the expense of the common man, particularly poor women and girls. As far as India is concerned, Oxfam claims that the combined wealth of 63 billionaires is higher than the Union Budget of India for the fiscal year 2018-19, rated at 24,42,200 crore. According to the report, a female domestic worker would need 22,277 years to earn the same amount the top CEO of a technology earns in a year. With earnings pegged at Rs.106 per second, a tech CEO stands to make more in 10 minutes than what a domestic worker would make in a year. Women and girls put in 3.26 billion hours of unpaid care work every day - a contribution to the Indian economy of at least Rs. 19 lakh crore a year, 20 times the entire education budget of India for 2019 (Rs. 93,000 crores). The report also claims that direct public investments in the care economy of 2 per cent of the GDP could potentially create 11 million new jobs, compensating for the 11 million jobs lost in 2018. Also read: Unpaid work done by women globally worth 43-times Apple's annual turnover: Oxfam Mr Behar stated, "unpaid care work is the 'hidden engine' that keeps the wheels of our economies, businesses and societies moving. It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy." Oxfam accused governments of failing to collect revenues that could help lift the responsibility of care from women, tackling poverty and inequality and under-taxing the wealthiest individuals and corporations. Governments are also underfunding vital public services and infrastructure that could help reduce the workload of this demographic, the report said. As per the global survey, 22 richest men in the world have more wealth than all the women in Africa. Women and girls undertake 12.5 billion hours of unpaid care work every single day, which contributes to the global economy of at least USD 10.8 trillion a year - three times the size of the global tech industry. If the richest were to pay 0.5 per cent of extra tax on their wealth over the next 10 years, it would equal the investment needed to create 117 million jobs in sectors such as child care, education, health and elderly care. Prioritising care as much as other sectors is a must for governments to build economies that work for everyone, not just a fortunate few, Mr Behar said. Oxfam claims that its calculations are based on the latest data sources available, citing research from the Credit Suisse Research Institute's Global Wealth Databook 2019 and Forbes 2019 Billionaires List.

Wealth inequality in India: A maid would need to work for 22,277 years to earn as much as a top CEO

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