A significant proportion of the country’s official below poverty line (BPL) population cannot be termed ‘poor’. Fathom this: around a fourth of the 14 million odd BPL households in urban India own a two-wheeler, a third of them a colour TV and almost two-third a pressure cooker. Almost one in five urban BPL households has at least one well-educated, graduate or above, member. The 56 million-strong rural BPL population too exhibits...
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Poverty-removal plan gets Govt nod
The Union Cabinet on Thursday approved a Rural Development Ministry proposal to launch the National Rural Livelihood Mission that aims to reduce poverty in a time-bound manner through provision of diversified employment opportunities and skill development. The proposal for the big-ticket development mission was earlier approved by the Expenditure Finance Commi-ttee and was taken up by the Cabinet Committee on Eco-nomic Affairs for clearance in a meeting on Thursday even-ing....
More »Centre to release 5 million tonnes of wheat in open market next month by Gargi Parsai
Wheat to be sold to traders at Rs.12.50 a kg; decision on sugar deferred The Centre will release five million tonnes of wheat from its pool in the open market to enhance availability and maintain a check on prices. The wheat, to be released in July, would be available directly from depots for traders and retail buyers at a reserved price of approximately Rs.12.54 a kg. Wheat is selling in Delhi...
More »Food inflation hit war on poverty by Chetan Chauhan
Rising food prices and economic crisis have eaten into the gains made by India and the world in reducing poverty during the first half of this decade, a United Nations report released on Wednesday said. "Newly updated estimates from the World Bank suggest the crisis will heave an some 64 million into extreme poverty by end of 2010, principally in sub-Saharan Africa and South Asia," the Millennium Development Goals, 2010 report...
More »Poverty rate in India will dip to 24% by ’15
The number of poor people in India is expected to halve by 2015, according to the 2010 Millennium Development Goals report released on Wednesday. The poverty rate in the country is slated to decline from 51% of the population in 1990 to 24% over the next five years. That translates into around 188 million more people meeting a minimum subsistence standard of $1.25 a day—the benchmark for the report's findings....
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