To get the Below Poverty Line figures in perspective, we need to closely monitor the numbers driving the Corporate Plunder Line. One Tendulkar makes the big scores. The other wrecks the averages. The Planning Commission clearly prefers Suresh to Sachin. Using Professor Tendulkar's methodology, it declares that there's been another massive fall in poverty. Yes, another (“more dramatic in the rural areas”). “Record Fall in Poverty” reads one headline. The record...
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About 70% of India is poor: Top adviser
-IANS Debunking the government's claim that the number of poor in India has come down, a top adviser has claimed that around 70 % of the country's 1.2 billion population is poor, and stressed the need for a multi-dimensional assessment of poverty. "The government claim that poverty has come down is not valid... there is a need for a multi-dimensional assessment of poverty as around 70% of the population is poor," National Advisory...
More »Cut in NREGA allocation may hit FMCG firms-Meghna Maiti
The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
More »In whose welfare?-Gaurav Choudhury
One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...
More »Lesser poor people in India now, suggests new poverty line-Rupashree Nanda
If you could spend more than Rs 28 per day and lived in a town, or Rs 22 per day and lived in a village, you were above the poverty line. This is Planning Commission's new poverty line for the year 2009-2010. According to its most recent estimates, 52 million people moved out of poverty between 2005 and 2010. For rural areas, poverty is down from 42% to 33% while for...
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