-The Economic Times Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday blamed faulty data provided by NSSO for the low poverty threshold in the country. The poverty line for 2009-10 has been pegged at Rs 29 per day per capita expenditure for urban population and at Rs 22 per day per person for rural population, which has invited widespread criticism. NSSO could be severely understating national consumption expenditure, Ahluwalia said. “Earlier, the NSSO...

-PTI The World Bank will not reduce financial assistance to India for poverty alleviation measures because of the recent official data that showed a decline in the number of poor people in the country. The international funding agency takes a long-term view on its commitments and the poverty data released on Monday will not have any bearing on that commitment, World Bank Country Head, Mr N. Roberto Zagha, told PTI on the...

One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

-The Economic Times The country's main planning body on Thursday said it will take a re-look at the just-released poverty figures, which have drawn widespread criticism for its criteria and even elicited concern from the prime minister. The Planning Commission said it will set up a new technical group in the next three months to re-visit the Suresh Tendulkar methodology of estimating poverty and devise a new measure of poverty that will...

-The Times of India The Centre on Thursday junked the Planning Commission's poverty definition with PM Manmohan Singh saying that there was a need to devise another method. "We need a multi-layered approach to assess poverty estimates. The Tendulkar Committee estimates have been followed for 30 years but not an inclusive estimate. It (Tendulkar report) is not satisfactory," Singh said on the sidelines of the Padma Awards function. A new team will devise...