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Poverty In Philippines: Filipino Infants Get Exchanged For Money

Agamapar ChadhaJuly 20, 20220

The pandemic’s aftermath has wreaked havoc or at least left an indelible on every nation in the world. From Sri Lanka’s economic collapse due to the demise of its tourism industry to a little chink in the Kiwi’s economy. It will take quite a while before nations reach the same stature and go back to the same status quo as they were before Covid-19 and rebuild themselves to their full strength. The Philippines is no exception, but the rampant poverty inflicted by the aftermath of the contagious virus and corruption in the nation ever-present has forced its natives to open up a market for buying and selling their infants on Facebook. The Philippines has one of the highest rates in Asia, and by 2020 around 1.53 million infants will be brought into the world. Still, it also could be beca...

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Extremely Poor In India Still Less Than 1%: IMF Report

Gunjan ChaudharyApril 7, 20220

There is s relief for India, which has come from the International Monetary Fund. Actually, the number of people living in extreme poverty in India has remained very less. According to the new working paper of IMF, the figure for such people is now less than one percent. Along with this, it has been said in the report that the scope of inequality has also been reduced. Inequality at a 30-year low This working paper of the International Monetary Fund has been prepared by economists Surjit Bhalla, Arvind Virmani and Karan Bhasin. It states that the number of extremely poor people in India has remained stable at this level even during the crisis period of the Corona pandemic. Economists said that the level of inequality in the country has reached the lowest level in 30 years. The paper adde