-AFP Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from Inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...
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Poverty rate drops, rural wages up during six years of UPA rule by Devika Banerji & Rishi Shah
Finally, there's some good news for the United Progressive Alliance government. Consumption numbers for the past six years show that real incomes have grown much faster under the Congress-led coalition than during the National Democratic Alliance era. What's more, poverty is trending down and rural wages are growing smartly. The 2009-10 survey by the National Statistical Survey Organisation (NSSO) shows real spending by each person in rural India rose 6.3%...
More »Bihar's per capita expenditure lowest in country
-TimesWireService.Com Patna/ New Delhi: Bihar Continues To Be At The Bottom Of The Ladder So Far Monthly Per Capita Expenditure (mpce) Is Concerned. Punjab, Kerala And Maharashtra Continue To Top The List. According To The 66th Round Of The Household Consumption Expenditure Survey Released By The National Sample Survey Office (nsso) On Friday, Rural Bihar With Just Rs 780 Has The Lowest Monthly Per Capita Expenditure (mpce) In The Country To...
More »On World Population Day, Ban calls for ending poverty and Inequality
-The United Nations As the world population approaches seven billion, Secretary-General Ban Ki-moon today stressed that ending global poverty and Inequality is the key to unleashing the great human potential for prosperity and peaceful coexistence, while protecting the planet and safeguarding the natural resources that sustain humanity. “Later this year, a seven-billionth baby will be born into our world of complexity and contradiction,” Mr. Ban said in a message to mark...
More »Spending pattern points to India's rich-poor divide by Indivjal Dhasmana
The gap in consumption spending between poor and rich is more in urban areas than rural. Apart from much Inequality in consumption between urban and rural areas. Consumption per capita was 5.6 times less in a month for the bottom ten per cent of the population than the top 10 per cent in rural areas during 2009-10. The disparity increases to 9.8 times between the two classes in urban parts, according...
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