"Gautam Adani & family earned Rs 1,002 crore (Rs 10.02 billion) a day in the last one year to quadruple their wealth to Rs 5,05,900 crore (Rs 5.059 trillion) from Rs 1,40,200 crore (Rs 1.402 trillion) a year-ago. That made them the second wealthiest family in India and helped Adani, 59, topple China's bottled water producer Zhong Shanshan as Asia's second richest, the IIFL Wealth Hurun India Rich List, 2021 showed," Economic Times (ET). His brother "Vinod Adani family's fortunes stood at Rs 1,31,600 crore (Rs 1.316 trillion), up 21.2 percent." "In comparison, India's richest family of Mukesh Ambani Rs 169 crore (Rs 1.69 billion) a day during the year, and their fortunes rose 9 percent to Rs 7,18,000 crore (Rs 7.18 trillion)." These two families are from Gujarat which benefited from "Funds directly transferred by the Union government to various implementing agencies in Gujarat saw a 350% rise since 2015, Indian Express has reported, citing a report filed by the Comptroller and Auditor General of India," The Wire. "This direct transfer to Gujarat's implementing agencies continued till 2019-20, seeing a 350% rise from Rs 2,542 crore (Rs 25.42 billion) in 2015-16 to Rs 11,659 crore (Rs 116.59 billion) in 2019-20. The CAG report says funds of Rs 837 crore (Rs 8.37 billion) were given by the Union government to private sector companies in 2019-20." The Union government started raising excise duty on fuel in 2015. "As on July 1, 2021, central excise duty on petrol is Rs 32.90 per litre inclusive of cess, whereas on July 1, 2015 it was Rs 17.46 per litre inclusive of cess," News 18. The excise duty on petrol has increased by 88% from 2015 to 2021. "Excise duty on diesel has gone up by a humongous 209 percent during the same period, as it is Rs 31.80 per litre including cess as on July 1, 2021, while it was Rs 10.26 per litre including cess, as on July 1, 2015." "Petrol and diesel rates were hiked again on Friday (today), taking fuel prices across the country to a new record high," Free Press. "The government on Thursday hiked by 62 percent the price of natural gas that is used to produce eletricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens," ET. "The increase in gas price is likely to result in a 10-11 percent rise in CNG and piped cooking gas rates in cities such as Delhi and Mumbai, industry sources said." "Indian stock investors have reaped huge rewards from the massive rally in stocks seen from the lows of March 2020, but some of the business families have eclipsed them all, by growing their wealth three-four fold in a year, " ET. "Zerodha's Nithin Kamath and his family have seen their fortunes rise 51 percent to Rs 25,600 crore (Rs 256 billion) in the last one year, a period that saw a record number of retail investors opening trading accounts to plunge into equity investments," ET. Other stockbrokers have also become rupee billionaires. Meanwhile, "In the context of an increase in average heights worldwide, there was, alarmingly, a decline in the average height of adult men and women in India in the decade from 2005-06 to 2015-16 after a significant increase from 1998-99. Women in the poorest sections showed the steepest decline as did tribal women," Fastme. "It is very likely that it reflects not only food insecurity but an overall problem with socio-economic development, or rather a failure to correct historical marginalisation compounded by an actual deterioration in development status brought about by economic factors as well as perhaps newer social marginalisations," said Dr Vandana Prasad of Public Health Resource Network. "According to a World Bank 2019 report, India has the second highest number of stunted children in South Asia (at 38%), after Afghanistan (41%). Wasting is highest in India at 21% followed by Sri Lanka at 15% and Bangladesh at 14%, the report said," The Wire. This was before the pandemic. Since the pandemic started we have beaten China in the number of richest billionaires. Yah boo.
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