Rising food prices and economic crisis have eaten into the gains made by India and the world in reducing poverty during the first half of this decade, a United Nations report released on Wednesday said. "Newly updated estimates from the World Bank suggest the crisis will heave an some 64 million into extreme poverty by end of 2010, principally in sub-Saharan Africa and South Asia," the Millennium Development Goals, 2010 report...
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Rich getting richer: 120k Indians hold a third of national income by Rukmini Shrinivasan
Last year may have been a cruel year for much of the country with slow growth and double-digit food inflation, but India's high net worth individuals (HNWIs) prospered — just over 120,000 in number, or 0.01% of the population, their combined worth is close to one-third of India's Gross National Income (GNI). HNWIs, in this context, are defined as those having investable assets of $1 million or more, excluding primary...
More »Mandatory cheap foodgrains for poor may cause hike in oil prices by Gargi Parsai
It is the availability of adequate foodgrains to meet the mandatory requirements under the proposed National Food Security Bill that worries the government, not the enhanced subsidy such a move would entail. From what the government is planning it appears that the subsidies on petroleum products would go to meet the requirement of providing cheap foodgrains to the poor under the Public Distribution System (PDS) and to bring the Above...
More »Foodgrain output in India seems stagnant for 10 years by Jayashree Bhosale
An analysis of the remote sensing data collected by Nasa satellites on the changes in vegetation in India during the last 25 years has confirmed the bad news: The growth rate of foodgrain production in India has been stagnant in the last decade, which crop statisticians have been aware of for some time now. A nine-member team of scientists from Nasa, the Boston University and the Indian Institute of Tropical...
More »Govt mulls ordinance to rein in khaps by Dhananjay Mahapatra
With khap-dictated honour killings threatening to become a trend, the Centre is mulling an ordinance to rein in the caste courts meting out extreme punishments to young couples who don't follow the diktat against marrying within the same gotra. The Centre has already discussed amendments to relevant laws -- Indian Penal Code, Indian Evidence Act and Hindu Marriage Act -- to deter village elders from holding kangaroo courts which call...
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