Anxious to ensure fiscal discipline and manage financial resources for its flagship programmes, UPA-2 is considering deletion of the Above Poverty Line (APL) beneficiaries from the ambit of the proposed food security law. It seems garnering money for UPA's pet promise of "food for all" is turning out to be a big headache as a note circulated for the Empowered Group of Ministers (EGoM) has argued in favour of mandating...
More »SEARCH RESULT
Food security bill back on Centre table
The draft Food Security Bill, which has returned to the negotiating table of the Empowered Group of Ministers (EGoM) after a gap, is, among other things, expected to witness discussions on the number of people to be covered by the scheme across the country, whether the other vulnerable sections of the society are to brought within its ambit, whether it should be confined to the distribution of either rice or...
More »No financial crisis impact? India's poor grew by 34 mn by Rukmini Shrinivasan
It's a myth that the global financial crisis left India virtually unscathed. In fact, India is the biggest victim of financial crisis-induced poverty, according to data obtained by TOI from the United Nations Department of Economic and Social Affairs' (UNDESA). Check out these figures. The UNDESA data estimates that the number of India's poor was 33.6 million higher in 2009 than would have been the case if the growth rates...
More »Richer India makes the world poorer: Economist by Rukmini Shrinivasan
Angus Deaton, the Princeton economist regarded as world's foremost authority on cross-country income data, has cast serious doubts on the World Bank's last upward revision of global poverty figures and India's statistics are at the centre of the storm. The world became poorer as a result of a combination of India's economic growth and its low poverty line, Deaton, who is president of the American Economic Association, said in his...
More »A methodology deeply flawed by Madhura Swaminathan
The poverty line that the Tendulkar Committee proposes depends on reduced calorie consumption, and fails to provide for reasonable household expenditures on schooling and health. For some years, the Government of India has been under pressure to change the norms for calculating the official poverty line. Current norms have resulted in gross and manifest underestimation of the numbers of the poor, and, consequently, in the exclusion of hundreds of millions...
More »