• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Foreign Affairs

Wealth Redistribution Council

October 18, 2021
in Foreign Affairs
Reading Time: 2 mins read
0
Wealth Redistribution Council
122
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news– Recently,  Japan’s new Prime Minister Fumio Kishida launched a flagship council to work out a strategy to tackle wealth disparities and redistribute wealth to households, in what he describes as a “new form of capitalism.”.

About Wealth Redistribution Council-

  • It will be responsible for strategizing how to tackle wealth disparities and redistribute wealth to households.
  • The council will focus on the creation of a “virtuous cycle of growth and distribution” of wealth, which was also the pillar of his election campaign. 
  • According to him, this can be accomplished through an updated version of the 1960 “income-doubling plan” behind Japan’s rise as an economic power.
  • It will also focus on post-covid economic recovery. 
  • The measures proposed by the panel will then shape Kishida’s policies if the ruling bloc, led by his Liberal Democratic Party, emerges as the victor of the upcoming polls.
  • This new will replace an older growth strategy council, which was set up last year by his predecessor Yoshihide Suga.

Its composition-

  • The panel, headed by Kishida(PM), will comprise a mix of ministers and representatives from the private sectors.
  • At least seven private-sector members are women.
  • It will consist of both veterans and newer faces with varied backgrounds. 
  • The panel is expected to hold its first meeting on October 26. 

Plan of the new PM-

  • The new PM vowed to help ordinary households — families with children, women, workers without full-time status and students. 
  • This was the rationale behind the ambitious 30 trillion yen spending package he proposed to aid economic recovery. 
  • Apart from this, he has also been a proponent of a flat 20 per cent tax on financial income, which will primarily apply to the wealthy.
  • To address the issue of stagnant incomes, Kishida proposed an “income-doubling plan, similar to an initiative launched by former Prime Minister Hayato Ikeda in 1960.
  • His aim is to combine former Japanese premier Shinzo Abe’s pro-growth policies, also dubbed ‘Abenomics’, with heightened efforts to move wealth from companies to households.
image_pdfMake PDF
Source: Indian Express
Tags: NewspaperPrelims

Related Posts

Uganda makes it a crime to identify as LGBTQ

Uganda makes it a crime to identify as LGBTQ

March 23, 2023
Vienna Convention on Diplomatic Relations (1961)

Vienna Convention on Diplomatic Relations (1961)

March 21, 2023
International Criminal Court

International Criminal Court

March 18, 2023
US to back India on McMahon Line

US to back India on McMahon Line

March 16, 2023
Australia to get nuclear-powered submarines under AUKUS partnership

Australia to get nuclear-powered submarines under AUKUS partnership

March 16, 2023
Australia-India education qualification recognition mechanism

Australia-India education qualification recognition mechanism

March 10, 2023
Fab 4 Chip alliance

Fab 4 Chip alliance

March 2, 2023
Windsor Framework replaces Northern Ireland Protocol

Windsor Framework replaces Northern Ireland Protocol

March 1, 2023
Seattle bans caste discrimination

Seattle bans caste discrimination

February 23, 2023
UN Commission for Social Development

UN Commission for Social Development

February 22, 2023
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

April 2023
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930
« Mar    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News Newspaper News Paper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In