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World Inequality Report 2018

World Inequality Report 2018

According to the World Inequality Lab’s World Inequality Report 2018, the richest 1% captured twice as much as the poorest 50% of world population since 1980. In other words, since 1980, 27% of all new income worldwide was captured by the richest 1%, while the poorest 50% captured only 13% of

Would Donald Trump’s Tax plan really help  ordinary working Americans and boost US Growth

Massive tax cuts for working families across America,” was how Donald Trump described the tax bill, which passed the Senate on Saturday, in the first legislative success of his Presidency. Trump also approvingly re-tweeted a group of economists at the weekend who claimed that: “The enactment of a comprehensive overhaul - complete with a lower

Outcomes of APEC Summit 2017

Outcomes of APEC Summit 2017

The Asia-Pacific Economic Cooperation (APEC) Summit was held in Da Nang, Viet Nam (November 6-11, 2017). Amid the fast changing geostrategic context and domestic situation in a number of countries, APEC Summit was marked by commitment to free trade and globalization despite US president Donald Trump’s reservation. It was the

Moody’s Investors Service raises India’s sovereign credit rating to Baa2

Global ratings agency Moody's Investors Service raised India's sovereign credit rating to 'Baa2' from 'Baa3' on November 16, 2017. The credit rating agency asserted that continued progress on economic and institutional reforms will enhance the India's high growth potential. Moody's also changed its rating outlook from stable to positive, saying that

India makes it to Top 100 in ‘ease of doing business’

India makes it to Top 100 in ‘ease of doing business

India jumped up 30 notches into the top 100 rankings on the World Bank’s ‘ease of doing business’ index, thanks to major improvements in indicators such as resolving insolvency, paying taxes, protecting minority investors and getting credit.“The significant jump this year is a result of the Indian government’s consistent efforts