India's Food Inflation nudged up after three successive weeks of decline to 8.74 per cent for the week ended April 9 compared to 8.28 per cent recorded in the previous week as fruits, meat and poultry products became costlier, official data showed on Thursday. Limited data on the wholesale price index released by the commerce and industry ministry also showed a rise in the index for primary articles, from 11.4 per...

A new data analysed by the Planning Commission says that around 382 million Indians were below poverty line in 2009-10, a decline of 27 million since 2004-05.   The decline of over five percentage points (from 37.2% to 32%) in as many years was much less than the target of annual reduction of 2% in poverty in the 11th plan. What the UPA government can showcase is the highest poverty reduction...

India’s apex planning body may cap national poverty at 32% for the purpose of calculating welfare benefits in the 12th Five-year Plan that starts on 1 April 2012, it said a day before a meeting with Prime Minister Manmohan Singh. The development comes on a day the Supreme Court asked Montek Singh Ahluwalia to respond why it should not strike down an earlier cap of 36% poverty after the government sought...

The scheme has reduced rural migration and promoted financial inclusion, but needs to create more durable assets. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – the only government social welfare scheme named after the other Gandhi, not belonging to Nehru-Gandhi family – has recently completed five years. The performance of the scheme, considered a major pillar of UPA government's strategy of inclusive growth, has been a matter of debate. The...

In early April, the government was sitting on a pile of 44 mt of wheat and rice, more than double of what is required for maintaining the buffer stock Every three or four years, India witnesses a boom-and-bust cycle in agriculture. In the trough, prices hot up and imports of foodgrains become necessary. At the crest, all that is forgotten, there is talk of exports and life moves on. Any thought...