-The Times of India NEW DELHI: Those spending over Rs 32 a day in rural areas and Rs 47 in towns and cities should not be considered poor, an expert panel headed by former RBI governor C Rangarajan said in a report submitted to the BJP government last week. The recommendation, which comes just ahead of the budget session of Parliament, is expected to generate fresh debate over the poverty measure...
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Poverty line redrawn, 3 in 10 Indians are poor: report -Chetan Chauhan
-The Hindustan Times Nearly one in three Indians was poor in 2011-12, according to a new report that was commissioned following widespread criticism two years ago that the government grossly underestimated the number of poor in the country by choosing an unrealistic poverty line for such estimates. The panel, headed by former RBI governor C Rangarajan who also was the chairman of the prime minister's economic advisory council in the UPA government,...
More »PlanCom, PMEAC wings might be clipped -Sanjeeb Mukherjee & Archis Mohan
-The Business Standard Officials said some talk had already started on appointing only senior sectoral advisers instead of full-time members The Narendra Modi government is looking for an adviser in the Planning Commission, even as the deputy chairman is yet to be appointed, perhaps a sign of the current priorities. 'The Commission's role might be truncated to an advisory body alone. The Prime Minister's Economic Advisory Council (PMEAC) might also see its role...
More »First lot of rescue for road builders-Mansi Taneja
-The Business Standard NHAI approves Rs 6,000 cr of premium deferment for 9 projects, on basis of March guidelines In a major relief to road developers, the National Highways Authority of India (NHAI) has approved deferment of premium worth Rs 6,000 crore for nine projects, including those of Larsen & Toubro and Reliance Infrastructure. The board of NHAI met on Friday and gave a final approval to the nine applications, said a senior...
More »Consumption data contradict high poverty estimates-Puja Mehra
-The Hindu India could be overstating poverty levels as the private final consumption estimates captured by the National Income Accounts (NIA) is nearly twice as much as the National Sample Survey Organisation (NSSO) estimates for consumption expenditure of households in 2011-12. At present, poverty ratios are calculated using the NSSO data. The C. Rangarajan Committee on poverty estimation, that will submit its findings by the month-end, is likely to report that it...
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