The popular outrage over the official definition of poverty at abysmally low levels of daily income, of Rs 26 in rural areas and Rs 32 in urban areas, assumes the state will deny basic services to a household whose income is above the figure. This is totally erroneous. There is no mechanism in the hands of the government to ascertain income or expenditure to identify the 'poor' on the ground. The...

-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

-PTI   Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture Minister Sharad Pawar said today.  Wheat production in India, the world's second-largest producer, stood at a record 85.93 million tonnes in the 2010-11 crop year (July-June). Wheat is only grown in the rabi season (winter).  "Indications are that rabi...

-The Business Standard Yes, it will help combat the acute shortage of farm labour, but it goes against the Act’s core principles. Devinder Sharma  Food and agricultural policy analyst The crisis in agriculture has worsened and it is directly proportionate to the spread of MNREGA Isn’t it strange? The Mahatma Gandhi Rural Employment Guarantee Act (MNREGA), which was primarily designed as a radical and novel response to combat rural poverty, is actually hitting the very...

-FAO   Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published today.    Small, import-dependent countries, particularly in Africa, are especially at risk.  Many of them still face severe problems following the world food and economic crises of 2006-2008, the UN Food and...