-The Economic Times Everyone knows poverty is rampant in India, but nobody knows exactly how many of us are poor. That's because we've tried to count the poor many times with different assumptions, and come up with widely different numbers. In 2004-05, the Planning Commission reckoned that only 27% of Indians were poor. This was debunked by a committee headed by Suresh Tendulkar in 2009, which pegged the number of poor...
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Rs 30,000 crore black money recovered by CBDT
-PTI Taxmen have seized black money to the tune of a whopping Rs 30,000 crore in the country in the past two years, said the Central Board of Direct Taxes (CBDT) which is set to get investigative powers to boost its drive against wrong-doers. The CBDT is in the process of creating a Directorate of Criminal Investigation after getting approval from finance minister Pranab Mukherjee last week. CBDT chairman Sudhir Chandra said...
More »Look before you leap
The long search for an effective system to target subsidies on food, fertiliser and fuel has finally ended with the Planning Commission accepting the idea of an Aadhaar-based rechargeable smart card. Ideas like direct cash transfers and food stamps have been rejected in favour of the Aadhaar smart card. The new proposal can help target the food subsidy with the tamper-proof biometric cards – Aadhaar unique identity cards – being...
More »UN Predicts 9.3 Billion Population by 2050 by Thalif Deen
The United Nations is predicting that come Oct. 31, the world population will hit the seven billion mark - and keep expanding till it reaches 9.3 billion by the year 2050. Much of this increase, according to the Population Division of the U.N.'s Department of Economic and Social Affairs (DESA), is projected to come from 58 high-fertility countries: 39 in Africa, nine in Asia, six in Oceania and four in Latin...
More »Food Price Hike Worsens Poverty in Asia by Marwaan Macan-Markar
An annual meeting of Asian finance ministers and central bank governors in Hanoi is set to address the fate of 64 million people in the region on the brink of extreme poverty. They are the worst affected by soaring food prices, which have hit record highs in the first two months of this year. "The issue of food price inflation and food security will indeed be one of the key topics...
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