-The Economic Times Indian households expect that inflation will be somewhat reined in, points out a Reserve Bank of India survey on inflation expectations. The findings of the 27th round of the central bank's inflation expectations survey of households conducted in March 2012, show that inflation expectations for the coming three-month period marginally declined to 11.7% from 12.4% in the previous round. The inflation expectation for the year ahead period has marginally declined...
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60% of rural India lives on less than Rs 35 a day
-PTI About 60 per cent of India's rural population lives on less than Rs 35 a day and nearly as many in cities live on Rs 66 a day, reveals a government survey on income and expenditure. "In terms of average per capita daily expenditure, it comes out to be about Rs 35 in rural and Rs 66 in urban India. About 60 per cent of the population live with these expenditures...
More »60% population always below average consumption level
-The Business Standard The average per capita expenditure of Indians cited in the preface to the consumption expenditure report of the National Sample Survey Organisation (NSSO) has added some new numbers to the poverty debate, prompting economists to warn against straightaway inferring poverty from the dreary figures. While the report itself was released last year, its preface by NSSO director-general J Dash is now reeling out new numbers which are keeping the...
More »'Rickshaw Bank' concept changes lives of thousands of pullers-Amit Shanbaug
-The Economic Times It was just a ride in a cycle rickshaw that moved an Assam based veterinary surgeon, Dr Pradip Kumar Sarmah and got him thinking into setting up the concept of 'Rickshaw Bank'. The concept today has changed the lives of more than 10000 rickshaw pullers in six states in India. Dr Pradip Kumar Sarmah (47), the innovator of this concept, explained that majority of the rickshaw pullers drive rented...
More »Govt study fixes poverty line at Rs 66 for cities and Rs 35 for villages by Rajeev Deshpande
Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line. If the average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty linewould be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cutoff. The figures, based on the 66th round...
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