-Down to Earth 68th Round of National Sample Survey makes it amply clear that the wave of economic growth has not percolated down from the 0.003 per cent of population of ruling elite (as per Income Tax records, only 42,800 persons have taxable Income more than Rs 1 crore in India). 99.996 per cent population is spending between just Rs 25.90 and Rs 37.36 per capita per day (average MPCE) in...
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Narendra Modi’s Gujarat not a role model in urban spending
-The Economic Times NEW DELHI: Narendra Modi-led Gujarat may be high on economic growth, but it is not a state companies would rush to for selling their goods. Per capita monthly spending in urban Gujarat is below the national average and rural Gujarat does not figure among the top spenders, according to a National Sample Survey Office (NSSO) report based on Household Consumer Expenditure Survey of 2011-12. Haryana and Kerala headed...
More »Food subsidy can fill poverty gap, twice-Puja Mehra
-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...
More »Number of Poor Down to 27 Cr in 2011-12: Govt
-Outlook The number of poor in the country declined to 27 crore in 2011-12, from 40.74 crore in 2004-05, Minister of State for Planning and Parliamentary Affairs Rajeev Shukla said today. "The latest data of large sample survey on household consumer expenditure has been collected by NSSO in its 68th round conducted in 2011-12. "As per the estimates of Planning Commission, the number of persons living below the poverty line in the country...
More »Bengal among most expensive states in India -Rohit Khanna & Suman Chakraborti
-The Times of India KOLKATA: You must have been complaining about rise in prices across categories - food or non-food. What you have not realized is West Bengal has become one of the most expensive states in India. Consumer price indices for October this year, filed with the Parliament barely a fortnight back, shows that Bengal's figure is now the second highest. Consumer price indices (CPI) for the rural Bengal during October...
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