-The Hindustan Times India's fabled growth story has just been exposed by an unlikely source - the World Bank (WB). Unlikely, because this institution is one of those most responsible for advocating economic growth as the pillar of development. In a report released on July 17, the WB states that the cost of environmental damage amounts to 5.7% of India's Gross Domestic Product (GDP). This effectively means (though the report fights shy of...
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Poverty line low, need to revisit methodology, says Montek Singh Ahluwalia
-The Economic Times NEW DELHI: Planning commission deputy chairman Montek Singh Ahluwalia on Monday admitted that the latest poverty estimates released last week is indeed low and needs to be revised upward. The commission said last week that only 21.9% of the population was poor, based on a per capita spending of 33.33 day in cities and 27.20 rural India, causing widespread outrage for being too low. "As the country becomes richer and...
More »You are among the top 5% if you live in a village and spend Rs. 3,000 a month-Rukmini S
-The Hindu The national sample survey Organisation's newest set of consumption expenditure data for 2011-12 gives an insight into how those across the spectrum, from the poorest to the richest, live in different parts of India. For one it's clear that we are not talking about a rich country. An individual who spends over Rs. 2,886 per month in a rural area or Rs. 6,383 per month in an urban area is...
More »Urban Sikhs face highest unemployment -Mahendra Singh
-The Times of India NEW DELHI: Unemployment was highest among Sikhs living in cities and towns during 2009-10 while the rate of joblessness showed a downward trend for Muslims in both urban and rural areas, a government survey released this month has revealed. Muslims had the lowest per capita spending, according to the national sample survey Organization (NSSO), which in its 2009-10 survey put out a new report on employment trends for...
More »Facing flak, govt to revise poverty line benchmark
-The Times of India NEW DELHI: The government will soon revise the contentious poverty line upward from Rs 27.20 in rural areas and Rs 33.40 in urban areas after it receives the report of the Rangarajan committee that is examining the validity of the current yardstick. Minister of state for planning Rajeev Shukla told TOI the government was in the process of re-evaluating the poverty line in a bid to make it...
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