A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...
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At Rs 33,000, per capita debt in India increases by 23%
-The Economic Times The per capita income may have gone up by 14% during the last financial year, but the debt burden on every Indian - in the form of the government's debt - went up by 23%, latest official estimates show. According to finance ministry data, the per capita debt in India was estimated at nearly Rs 33,000 at the end of March 2012, compared to a little over Rs 26,600...
More »And pension for all-Jayati Ghosh
A universal pension scheme for social protection must be part of a broader strategy of economic expansion different from the present neoliberal order. INDIA must be one of the worst countries in the world in terms of not providing even minimal social security for most of its people. This is not just a major failure of the development project in the country – it is also a significant cause of...
More »41% kids underweight in Ahmedabad
-The Times of India AHMEDABAD: As many as 41% of the children in the state are underweight and 55% of the women between 15 to 45 years of age in the state are anemic. This was revealed in a Rajya Sabha session on Thursday. Union minister of state (independent charge) for women and child development, Krishna Tirath in Rajya Sabha gave the details of the number of women and children suffering from...
More »MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION
Just in case our friends in the media were looking for more evidence, a new ILO report clinches the connection between old age pension and a country’s well being. The ILO report “World Social Security Report 2010/11: Providing coverage in times of crisis and beyond” puts India’s social security coverage in perspective of its peers. (the report can be accessed at http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_146566.pdf. India is not only nearly at the bottom...
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