At a time when economic wisdom is seen as lying in allowing unrestrained play of economic power and cutting social sector spending, here is a report emphasising the economic sense in addressing hunger, especially child malnutrition. It also brings out the positive impact of employment guarantee scheme, which has been a thrust area of the UPA government but has seen a cut in allocation in Budget proposals for 2012-13. The report...
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Now, Planning Commission lowers the poverty line-K Balchand
The Planning Commission on Monday released the latest poverty estimates for the country showing a decline in the incidence of poverty by 7.3 per cent over the past five years and stating that anyone with a daily consumption expenditure of Rs. 28.35 and Rs. 22.42 in urban and rural areas respectively is above the poverty line. The new poverty estimates for 2011-12 will only add to the furore triggered by the...
More »Cheap generics no panacea for India's poorest
-Reuters Cheap generic drugs were meant to change the life of Nandakhu Nissar, whose mouth is swollen by a cancerous tumour. But the cashless and hungry 55-year-old sleeps on a pavement staring up at the windows of Mumbai's biggest cancer hospital. "What is a generic drug?" shrugs Nissar, who has travelled over 1,500 kms (900 miles) from his home in the hope of treatment. "I have borrowed money from friends and relatives...
More »India sees biggest dip in poverty, but 360 mn remain poor-Chetan Chauhan
Rural people have driven India's record decline of 7.4 percentage points in the number of poor since economic reforms were initiated in the early 1990s. The latest poverty estimates by the Planning Commission show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05 — the difference being equal to the population of countries such as Spain, Argentina and Canada. The plan...
More »Abhijit Sen, Member, Planning Commission interviewed by Pallavi Polanki
The Planning Commission had released a report, yesterday indicating reduced poverty line to Rs 28.65 per capita daily consumption in cities and Rs 22.42 in rural areas, scaling down India’s poverty ratio from 37.2 percent to 29.8 percent in 2009-10. Firstpost did an interview with Abhijit Sen, Member, Planning Commission. Here are excerpts from the interview: When we say there is a 7.3 percentage points (from 37.2 percent in 2004-05 to 29.8...
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