-The Hindustan Times The UPA government’s economic policies have resulted in record reduction of poverty over the last two years, with the individual’s monthly expenditure rising by around 18% per annum, the highest since 1987, government data released a week before the Parliament’s monsoon session claimed. The government’s National Sample Survey Organisation released the provisional data of the Household Consumer Expenditure Survey for 2011-12 on Wednesday. The study is the most crucial...
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Disparity in income getting sharper, NSSO data shows-Asit Ranjan Mishra
-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...
More »Rural income on rise: study-Asit Ranjan Mishra
-Live Mint The latest numbers may lead to a significant decline in the poverty level India’s rural income grew at a much faster clip between 2010 and 2012 than in the previous years, according to the provisional results of the 68th round of the consumption expenditure survey carried out by the National Sample Survey Office (NSSO). The latest numbers may lead to a significant decline in the poverty level once the Planning Commission...
More »Omnibus national water law on the anvil-Gargi Parsai
-The Hindu In a move that will have far-reaching implications, the Centre has decided to frame a National Water Framework Act with guiding principles on water laws the States may adopt. States that adopt and reform will be incentivised for water projects. That such a law would be made is buried in the pages of the draft new national water policy, which is yet to be considered by the National Water Council,...
More »'10% of Rural India Lives on Less Than Rs 17 a Day'
-PTI Two decades of economic reforms and drum beating about inclusive growth seem to have failed to change the face of rural India as 10 per cent of the population live on less than Rs 17 a day. According to a government survey released for 2011-12 on household consumer expenditure, "The poorest 10 per cent of India's rural population had an average monthly per capita expenditure (MPCE) of Rs 503.49 per month." Their...
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