Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of this year, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In a report titled “Global Food Price Inflation and Developing Asia,” the Manila-based bank warned that a 10 per cent rise in...
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Food prices may push millions of Asians into poverty: ADB
Resurgent food prices, which rose by 10% on average in many regional economies in Asia this year, can push an additional 64 million people into extreme poverty, an Asian Development Bank (ADB) report says. The study, titled, 'Global Food Price Inflation and Developing Asia', by the multilateral lending agency, finds that a 10% rise in domestic food prices could push an additional 64 million people, out of 3.3 billion people living...
More »Green technology to tackle water pollution by Sarabjit Pandher
Union Minister for Environment and Forests Jairam Ramesh has launched a “bioremediation technology” project to curb pollution caused by sewerage and industrial effluents in the Buddah Nallah of Ludhiana in Punjab. The project is estimated to cost Rs. 16 crore in the initial phase and it will be borne by The National River Conservation Directorate of the Union government. It is expected to take one year for completion. The project will provide...
More »'India's poverty declined to 32%'
India's poverty is estimated to have declined to 32 per cent in 2009-10 from 37.2 per cent five years ago, as per preliminary findings of the Planning Commission. The estimates are based on the formula suggested by the Tendulkar Committee for computing the number of poor in the country. "2009-10 data show a decline in poverty from 37.2 per cent in 2004-05 to 32 per cent in 2009-10 as the per the...
More »27 million out of poverty net: Govt by Chetan Chauhan
A new data analysed by the Planning Commission says that around 382 million Indians were below poverty line in 2009-10, a decline of 27 million since 2004-05. The decline of over five percentage points (from 37.2% to 32%) in as many years was much less than the target of annual reduction of 2% in poverty in the 11th plan. What the UPA government can showcase is the highest poverty reduction...
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