Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of this year, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In a report titled “Global Food Price Inflation and Developing Asia,” the Manila-based bank warned that a 10 per cent rise in...

Poor families may find it tough to pay for medical care, children's education “Recent gains in poverty reduction made in Asia will be undermined” Resurgent global food prices, which averaged 10 per cent in many economies and posted record increases in the first two months of 2011, may push nearly 30 million Indians and 64 million people in the Asian region into extreme poverty, the Asian Development Bank (ADB) said on Tuesday. In...

Resurgent food prices, which rose by 10% on average in many regional economies in Asia this year, can push an additional 64 million people into extreme poverty, an Asian Development Bank (ADB) report says. The study, titled, 'Global Food Price Inflation and Developing Asia', by the multilateral lending agency, finds that a 10% rise in domestic food prices could push an additional 64 million people, out of 3.3 billion people living...

Exceeding 235 million tonnes, it has been the highest since Independence India's food production crossed 235 million tonnes during 2010-11 as per the latest estimates and this is the highest since Independence, S. Ayyappan, Director-General of the Indian Council of Agricultural Research, said on Saturday. The previous highest production, at nearly 233 million tonnes, was achieved in 2008-09, while the output declined to around 218 million tonnes during 2009-10, he said interacting...

The latest data of the Planning Commission indicates that poverty has declined to 32 per cent in 2009-10 from 37.2 per cent five years ago. The preliminary estimates are based on the formula suggested by the Tendulkar Committee for computing the number of poor. Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday told reporters that the 2009-10 data shows a decline in poverty from 37.2 per cent in 2004-05 to 32...