The Planning Commission's laughable estimates of the ‘poverty line' follow from a mistake in method that it made 30 years ago and has clung to ever since. The affidavit that the Planning Commission recently submitted before the Supreme Court stating that a person is to be considered ‘poor' only if his or her monthly spending is below Rs.781 (Rs.26 a day) in the rural areas and Rs.965 (Rs.32 a day) in...

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

-The Economic Times   More than 25 of the top economists of the country have written an open letter against the Planning Commission poverty line and said that the public distribution system should be universalized. "We do not consider the official national poverty lines set by the Planning Commission, at Rs 32 and Rs 26 per capita per day for urban and rural areas respectively, to be acceptable benchmarks to measure the extent...

-IANS   The ongoing enumeration for a socio-economic census in the country will not be affected by the poverty line cut-off spelled out by the Planning Commission, according to a senior rural development ministry adviser. The Planning Commission informed the Supreme Court Tuesday that poverty line could be provisionally placed at around Rs.32 a day per capita in urban areas and Rs.26 in rural areas. Manjula Krishnan, chief economic adviser in the minstry, said...

In a significant move, prominent economists on Monday made a forceful plea to delink food entitlements from the “faulty” poverty measures put out by the Planning Commission. Asserting that under-nutrition was much more widespread in the country than income poverty “however defined,” the economists sought restoration of the universal Public Distribution System (PDS) “as the best way forward'' in combating hunger and poverty. “This is not only feasible within the available fiscal...