Jan 20, 2016 - ITC's Yippee nears Rs 1,000-crore mark, gains from Maggi controversy

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Sree Vijaykumar
Sree Vijaykumar		 From the Editor's Desk
It's not a good time for those who believe in the trickle-down theory of wealth. The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and the poor poorer. The wealth of the richest 62 people has risen by 44 percent since 2010, while the wealth of the poorest 3.5 billion fell 41 percent, Oxfam said in a report released ahead of the World Economic Forum's annual meeting in Davos, Switzerland, ironically a forum for the rich and powerful to pontificate about global issues. About $7.6 trillion of individuals' wealth sits in offshore tax havens, and if tax were paid on the income that this wealth generates, an extra $190 billion would be available to governments every year - Comment


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India Business News: NEW DELHI: India and Australia will conclude the negotiations on a Comprehensive Economic Cooperation Agreement (CECA) by the end of 2022 and reach an.

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