-The Hindu Food subsidies for poorest will help them cope: ADB A hike in the cost of food staples like rice and wheat could push tens of millions more people into extreme poverty in the South Asian region including India, says an Asian Development Bank (ADB) report. The Manila-based lending agency, in its report “Food Price Escalation in South Asia – A Serious and Growing Concern” released on Monday, however, said that food...
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Debate on poverty of poor quality, says Basu
-The Business Standard Terming the debate over poverty numbers of a poor quality, chief economic advisor in the finance ministry Kaushik Basu today said even if different yardsticks were adopted, roughly the same conclusions would be drawn on decline in the number of people below the poverty line, between 2004-05 and 2009-10, as was estimated by the Planning Commission. The decline in the number during the period was the sharpest in any...
More »‘Food inflation can push 3 cr Indians into extreme poverty’
-First Post A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said. Ironically, data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the...
More »Now, Planning Commission lowers the poverty line-K Balchand
The Planning Commission on Monday released the latest poverty estimates for the country showing a decline in the incidence of poverty by 7.3 per cent over the past five years and stating that anyone with a daily consumption expenditure of Rs. 28.35 and Rs. 22.42 in urban and rural areas respectively is above the poverty line. The new poverty estimates for 2011-12 will only add to the furore triggered by the...
More »Is India Fudging Its Poverty Numbers?-Tripti Lahiri
According to data released Monday by India’s Planning Commission, the number of people living in absolute poverty in India decreased by 12.5% between 2004-2005 and 2009-2010. India’s official poverty rate stands at 29.8%, or close to 350 million people using 2010 population figures, down from around 37.2% or 400 million previously. The announcement was based on an analysis of data gathered from roughly 100,000 households between July 2009 and June 2010,...
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