Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-trace').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea6c2a1ab82-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-code').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-context').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea6c2a1ab82-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
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According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
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But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
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&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;,
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-First Post
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty..."/>
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                <strong>‘Food inflation can push 3 cr Indians into extreme poverty’</strong></h1>
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                <div style="text-align: justify">-First Post</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Spending on food already accounts for half the total budget of low-income households in the region.</div>               </font>
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-First Post
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
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According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
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&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;,
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
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According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
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But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
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&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





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                <strong>‘Food inflation can push 3 cr Indians into extreme poverty’</strong></h1>
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                <div style="text-align: justify">-First Post</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Spending on food already accounts for half the total budget of low-income households in the region.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-trace').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea6c2a1ab82-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-code').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6c2a1ab82-context').style.display = (document.getElementById('cakeErr67ea6c2a1ab82-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea6c2a1ab82-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
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&lt;br /&gt;
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
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According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
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But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
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&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;,
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-First Post
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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&lt;br /&gt;
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Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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&lt;br /&gt;
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.
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&lt;br /&gt;
&lt;/div&gt;
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India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.
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&lt;br /&gt;
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-First Post&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Ironically, &amp;nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&amp;rdquo; the report &amp;lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&amp;rsquo; said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;India&amp;rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&amp;rdquo; said Hiranya Mukhopadhyay, an economist in ADB&amp;rsquo;s South Asia Department and an author of the report.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Spending on food already accounts for half the total budget of low-income households in the region.&lt;/div&gt;&#039;
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty..."/>
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                <strong>‘Food inflation can push 3 cr Indians into extreme poverty’</strong></h1>
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                <div style="text-align: justify">-First Post</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Spending on food already accounts for half the total budget of low-income households in the region.</div>               </font>
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-First Post
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
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Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
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&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.
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India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
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Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
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Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
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However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
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According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
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But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
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&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.
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Spending on food already accounts for half the total budget of low-income households in the region.
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty...',
	'disp' => '<div style="text-align: justify">-First Post</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Spending on food already accounts for half the total budget of low-income households in the region.</div>',
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-First Post
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A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.
</div>
<div style="text-align: justify">
<br />
</div>
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However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.
</div>
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<br />
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Spending on food already accounts for half the total budget of low-income households in the region.
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$metaTitle = 'LATEST NEWS UPDATES | ‘Food inflation can push 3 cr Indians into extreme poverty’'
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-First Post





A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.





Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty...'
$disp = '<div style="text-align: justify">-First Post</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ironically, &nbsp;data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark .</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,&rdquo; the report &lsquo;Food Price Escalation in South Asia: A Serious and Growing Concern&rsquo; said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">India&rsquo;s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,&rdquo; said Hiranya Mukhopadhyay, an economist in ADB&rsquo;s South Asia Department and an author of the report.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Spending on food already accounts for half the total budget of low-income households in the region.</div>'
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‘Food inflation can push 3 cr Indians into extreme poverty’

-First Post A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said. Ironically,  data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the country declined by 7.3 percentage points from 37.2% in 2004-05 to 29.8% in 2009-10. However, this decline is based on a poverty line that is even lower than the earlier Rs 32-per-day mark . “A 10 percent rise in prices could push almost 30 million more Indians into extreme poverty,” the report ‘Food Price Escalation in South Asia: A Serious and Growing Concern’ said. India’s wholesale price-based inflation, which remained high during most of 2011, was at 6.95 percent in February. Retail inflation was at 8.83 percent in February on account of higher prices of protein based items and edible oil products. Besides India, the report said that the ten percent rise in food prices could push nearly 4 million more Bangladeshis into extreme poverty. Pakistan is also at risk, with the same price leap causing an additional 3.5 million more people to drop to or below the $1.25-a-day income mark, it said. However, Nepal and Sri Lanka would be less affected, although a further surge in wheat prices would be especially painful for Sri Lanka, which is completely dependent on imports of the staple and has already seen prices hit historical highs in recent years, it added. According to the report, South Asia is one of the most vulnerable regions in the world to food price shocks because of its high population growth and the high number of people already living on or close to the extreme poverty line of $1.25 a day. But food subsidies targeted at the very poorest in the region would help them cope with still-high prices, it said. “Subsidising the cost of a basic meal for the poorest and most vulnerable in places like India means the help goes to those who need it the most without putting an excessive burden on government finances,” said Hiranya Mukhopadhyay, an economist in ADB’s South Asia Department and an author of the report. Spending on food already accounts for half the total budget of low-income households in the region.