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How To Measure Poverty -Yoginder K Alagh

-The Indian Express A neat separation of poverty estimates and entitlements won’t pass muster. There was much hope about the work that Arvind Panagariya was mandated to do on the measurement of poverty. I, for one, have held from the 1980s that the official poverty line that emerged from a taskforce I chaired in 1976-77 should be shelved. Panagariya has reportedly suggested that the Tendulkar Committee’s report should be accepted for...

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Rich account for just 3% of the 1 crore people who gave up LPG subsidy: Dharmendra Pradhan -Subhash Mishra

-The Times of India LUCKNOW: Union minister of state (independent charge) for petroleum Dharmendra Pradhan on Saturday said the affluent accounted for only 3% of the over 1 crore people who had given up their LPG subsidy in response to Prime Minister Narendra Modi's appeal. "The rest is constituted by the middle-class and lower income groups. Teachers, professionals and middle-level government employees have shown more interest as compared to HNIs (high-net...

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Govt sets up panel to lay out plan for doubling farm incomes -Sayantan Bera

-Livemint.com Panel aims to find ways to diversify risks in farming, examine how integrated farming can boost incomes New Delhi: The central government has set up a panel to suggest ways to double farm incomes by 2022, as promised by Prime Minister Narendra Modi. The task of the inter-ministerial committee will prepare a blueprint to transition farm policies from being production oriented to based on incomes or value addition. The committee will look...

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Nearly half of Indians survived on less than Rs.38 a day in 2011-12 -Tadit Kundu

-Livemint.com The Global Consumption and Income Project suggests that official statistics might be understating the extent of poverty How much of India is poor? And by how much has that number reduced over the years? This is an old debate and the answers to these questions vary greatly depending on the choice of the survey method and the poverty line. According to official statistics , India’s poverty rate declined from 45% in...

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India needs sound policy to battle weather shocks

-Hindustan Times About 330 million people are affected by drought in 10 states as 256 districts reel from severe water shortages and poor farmers suffer crop losses. The current dry spell is partly because of two back-to-back years of bad monsoons. Policy makers have no control over fickle weather whims. As credit rating and research agency Crisil points out, the rising frequency of weather shocks amid higher vulnerabilities has compounded agrarian...

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