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...
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India needs to curb food wastage to tackle inflation: World Bank
-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...
More »AP farmers go on 'Crop holiday' by Prashanth Chintala
The state's rice bowl is left empty An unviable minimum support price (MSP) for rice has forced farmers in Andhra Pradesh to leave their lands fallow. The movement is spreading to other states. “Farming never pays” is a familiar slogan among agriculturists across the world, and especially so in India. Nevertheless, many continue to cultivate their fields year after year, barely eking out an existence, toiling in the hope that the tide...
More »‘Rs. 39 enough for med expenditure’ by Dhananjay Mahapatra & Nitin Sethi
Updating the poverty line cutoff figures, the Planning Commission said that those spending in excess of Rs 32 a day in urban areas or Rs 26 a day in villages would no longer be eligible to draw benefits for those living below the poverty line. TOI broke down the overall monthly figure for urban areas and used the CPI for industrial workers along with the Tendulkar committie report figures to see...
More »Spend Rs 32 a day? Govt says you can't be poor by Dhananjay Mahapatra & Nitin Sethi
The Planning Commission told the Supreme Court on Tuesday that anyone spending more than Rs 965 per month in urban India and Rs 781 in rural India will be deemed not to be poor. Updating the poverty line cut-off figures, the commission said those spending in excess of Rs 32 a day in urban areas or Rs 26 a day in villages will no longer be eligible to draw benefits...
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