Women do over three-quarters of all unpaid care work, logging 12.5 billion hours per day, contributing $10.8 trillion to the economy each year–or three times the world’s tech industry. The world’s 22 richest men are worth more than all the women in Africa. Globally, 42% of women are outside the paid labor force because of unpaid care responsibilities, compared with 6% of men. Nearly half the world subsists on $5.50/day or less, which the report says is partially because income “accrues to those at the top,” mostly benefiting men, leaving those at the bottom further behind. On average globally, 18% of government ministers and 24% of parliamentarians are women, meaning women are often excluded from decision making. Caregivers, in particular, have minimal voice. The world’s richest 1% have more than twice as much wealth as 6.9 billion people. It’s gonna get worse: Another 200 million more children and older people needing care will appear … [Read more...] about 6 galling statistics about wealth inequality that show how women are paying the price
The International Monetary Fund on January 20 trimmed back its 2020 global growth forecasts due to sharper-than-expected slowdowns in India and other emerging markets but said a US-China trade deal was another sign that trade and manufacturing activity may soon bottom out. … [Read more...] about IMF cuts global growth forecasts as India falters, says bottom may be near
On March 5, 2019, Bidvest had entered into an agreement with the Adanis to sell its entire 13.5 per cent stake in the airport for a consideration of Rs 1,248 crore. But later GVK made the counter offer, forcing the Adanis to move the Bombay High Court on September 4 claiming that the March pact with Bidvest was valid, subsisting and binding. … [Read more...] about Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake
Following the Supreme Court's October 24 order that non-telecom revenues earned by firms using spectrum or airwaves allocated by the government should be considered for calculating statutory dues, the DoT has totalled all the revenues earned by a company in last 15 years and raised demand. … [Read more...] about DoT seeks Rs 48,000cr from Oil India in telecom dues; co to challenge it in TDSAT
Whatever way it is described the reality is that it would, at least temporarily, arrest further decline of the global trade scenario and may even stop multiplication of negativity in a recessionary setting. It would help avoid undue polarisation and retaliation. As several research papers have clearly established, both the US and China were losing out at this conflict. The US losses are largely related to the higher prices for consumers, while China’s losses are related to significant export losses (almost 25 per cent) to Taiwan, Mexico and Vietnam. … [Read more...] about Trade | How real is the truce in the US-China trade war?