The Suresh Tendulkar committee report revising upwards poverty estimates across the country may further strain government finances with many of the states already demanding special status to address the issue and an enhanced allocation under many of the pro-poor schemes. The committee, in its report submitted to the Planning Commission last week, had estimated that 37% of India’s population is under the poverty line, while the proportion of the poor...
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No need for imports
To import rice or not? That is the question to which the government does not seem to have a clear-cut answer. Senior ministers have been losing no opportunity to talk about importing rice, citing the monsoon-induced shortfall in production as the reason. Somewhat contrarily, they have also been asserting that the government has enough stock of rice and there is no need for any worry about a supply shortage, but...
More »RBI survey sees lower GDP growth, higher corporate profits
The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
More »States oppose Centre’s proposal, insist on food for all
They contest Planning Commission’s poverty estimates Food Bill exercise calls for detailed discussion and exclusive meeting: States Transfer of food subsidy in cash to BPL families won’t serve the purpose: Maharashtra The Centre has asked the States to put a cap on the number of Below Poverty Line (BPL) beneficiaries under the Targeted Public Distribution System (TPDS) for purposes of theproposed National Food Security Bill. It also wants the BPL...
More »Hunger Overview
KEY TRENDS • As per the 2019 Global Hunger Index report, neighbouring countries such as China (GHI score: 6.5; GHI rank: 25), Sri Lanka (GHI score: 17.1; GHI rank: 66), Myanmar (GHI score: 19.8; GHI rank: 69), Nepal (GHI score: 20.8; GHI rank: 73), Bangladesh (GHI score: 25.8; GHI rank: 88) and Pakistan (GHI score: 28.5; GHI rank: 94) have outperformed India (GHI score: 30.3; GHI rank: 102) *13 • As per the 2018 Global Hunger Index report,...
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