Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....

-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...

Nearly a year after the government started the ambitious socio-economic and caste census (SECC), no big state has begun the enumeration exercise that was touted as a one-stop solution to accurately identify the poor for distribution of social benefits. The delay could undermine the government's attempt to plug the leakages in the Targeted Public Distribution System (TPDS) and delay the Food Security Bill expected to be implemented in November by at...

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...

The National Advisory Council will ask the Centre to focus the ongoing socio-economic caste census on enumerating and classifying denotified, nomadic and semi-nomadic tribes, or DNTs. The plan is to give these groups priority while issuing unique identity cards and introducing laws that will grant them explicit recognition on the lines of the 1992 statute on minorities. The NAC said special directives must be issued to the housing and urban poverty alleviation...