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The richest 1% had more money than the poorest 90%.

By Sanjeev Sharma

Since the epidemic began, the number of billionaires in Asia Pacific has increased dramatically. According to Oxfam's new research, it reached 1,087 in November 2021, up about a third from pre-crisis levels.

The severe and rising concentration of wealth at the top throughout this extended health and economic crises is even more obvious. In Asia Pacific, the richest 1% had more money than the poorest 90% in November 2021, and the region's billionaires had boosted their fortune by 74% since the epidemic began.

Also read: India, China face exodus of millionaires

Covid-19 has wreaked havoc on Asia's health and economy, exposing and increasing the region's severe levels of economic disparity. According to Oxfam, although wealthy elites can preserve their health and riches, the poorest people and minorities are at higher danger of sickness, death, and poverty.

Coronavirus has exacerbated the flaws of this inequitable system, fueling a vicious cycle of poverty and economic inequality in Asia.

Coronavirus and growing economic disparity, according to the World Bank, pushed 140 million more people into poverty in Asia in 2020, and 8 million more in 2021. These findings are likely to be underestimates due to new variations and greater inequality levels than expected7.

Wealth share in the world Asia's billionaires accumulated enough new money to provide a salary of over $10,000.wikipedia

So, although economic stagnation and lockdowns have ruined the lives of many impoverished and 'just managing' families, the region's wealthiest families have recovered and even extended their fortunes.

Between March and December 2020, Asia's billionaires accumulated enough new money to provide a salary of over $10,000 for each of the region's 147 million comparable jobs lost during that period. By November 2021, the number of billionaires in Asia Pacific had climbed by over a third compared to pre-pandemic levels, and their combined wealth had increased by 74%.

Some of the region's wealthiest individuals have directly benefitted from the crisis. For example, between February and June 2020, one of Malaysia's wealthy glove makers quadrupled his fortune. By March 2021, there were 20 new Asian 'pandemic' billionaires, whose profits sprang from the Covid-19 response's equipment, drugs, and services.

Also read: Study: Hypertension Hits Rich, Poor Nations

"Taxes on wealth and excess profits, for example, might generate significant additional income if governments are prepared to impose them. A wealth tax of 2-5 percent on Asia Pacific's multi-millionaires and billionaires might raise an additional $776.5 billion each year, according to our calculations. That would be enough to double the region's public health spending by 60% ", according to Oxfam.

In Asia, the allocation of productive assets such as land has long been lopsided. According to study conducted before to the present crisis, Pakistan's top 20% of farmers owned 69 percent of the country's agricultural land. In Thailand, the richest ten percent controlled more than 60% of the land, while the lowest ten percent owned only 0.07 percent.

While the epidemic continues to obstruct any recovery for Asia's poorest citizens, extreme wealth and corporate profits are on the rise. Not only did the wealthiest people recover fast in the early months, but they have continued to flourish as the coronavirus epidemic has progressed.


(Keywords: Asia, rich, poor, Coronavirus, growing economic disparity, World Bank, Thailand, Pakistan, Asia Pacific's multi-millionaires)



Not only has the Queen of England long been a visitor to the racing at Ascot but she's also had the honour of having a winner of her own at the meeting.

By- Nanci SEO

Now we're into 2022, the anticipation for a new racing season is hotting up even more.

By the time the world focuses its gaze on Ascot in mid-June, records will have been broken, and new winners will have been celebrated in the other meetings such as the Grand National. However, there's nothing quite like the Royal Ascot meeting and the historic Ascot Gold Cup race, which has been running since 1807. The race is the first leg of the triple crown of thoroughbred racing in the UK, making it one of the most important on the racing calendar.

The meeting is held at the course, which is just 28 miles west of London and only a few miles from the residence of the British Royal Family, Windsor Castle. It's also been an event that the monarchy of Britain has often visited and had a personal interest in. Not only has the Queen of England long been a visitor to the racing at Ascot but she's also had the honour of having a winner of her own at the meeting as noted by Town & Country. Will there be another Royal victory this year? Let's look at some of the favourites for the headline race, the Gold Cup.


The six-year-old gelding's pedigree means he's a real threat to all his other riders at Ascot this year. Trueshan has previous experience of winning the course; he won in 2020 at the British Champions Long Distance Cup, with his jockey Hollie Doyle commenting, 'he went through the ground like a tractor, he loved it.' Going into 2021, he was much fancied after looking strong in the lead up to the meeting but was pulled when his trainer Alan King deemed the ground to be too firm. He had a successful season, winning the Goodwood Cup and the Prix Du Cadran in France in October. So he's in fine fettle going into 2022, does that mean it's finally his year to taste Gold Cup success?

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Good Earth, released its first-ever limited-edition art prints in 2020.

Good Earth, released its first-ever limited-edition art prints in 2020, depicting flora and wildlife recovering their due place in nature.

Van Vaibhav is Good Earth's guiding concept. The brand has a profound passion for nature in all of its forms, and preserving the beauty of the forest is at the centre of everything. In keeping with this ethos, there is no better way to commemorate our 26th anniversary than by giving back to the environment.

The Dreamscape art print series celebrates the brand's birthday. Endangered and fragile creatures of wild paradise come alive with attention to their condition in India.

The artwork, titled 'Living on the Edge,' underlines the importance of getting a closer look at these wonderful creatures. While everything appears to be lovely and unconstrained, these endangered species are truly living on the verge of extinction.

The Dreamscape will be printed in 500 limited edition Poster prints, which will be available for purchase the brand's web store. All sales revenues - matched with an equal amount by Good Earth - will go towards the Wildlife Trust of India's aim to conserve and protect vulnerable and endangered species, as part of our ongoing relationship.

Good Earth's Founder and Creative Director, Anita Lal Google Earth's Founder Anita Lal spoke about the initiative, "Animals are so vulnerable, and their habitats are ever receding due to the pressure on land." |WikipediaWikipedia

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Eating seasonal food decreases the demand of out-of-season produce, increases the consumption of local farming

By IANSlife

To meet our dietary needs, nutritionists throughout the country have begun looking at substances accessible in India. They're looking at ancient wisdom and seasonal local possibilities, which is unsurprising. These solutions are not only environmentally friendly, but they also help the local economy!

"Each season offers an array of gorgeous fresh vegetables, each rich in nutrients, antioxidants, and phytonutrients in their own way," explains Dr. Rajyalakshmi Devi of Lovlife Hospital. Furthermore, the climate provided by each season makes seasonal produce easily edible and absorbable by our bodies."

variety of vegetables Seasonal food offers high nutritional value. | Photo by Alexander Schimmeck on Unsplash

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