The Planning Commission drew flak when it calculated that if an urban person spent 28 per head every day and someone in rural areas spent 22, that was enough to consider them to be above the poverty line. These figures are based on consumption expenditure data collected in the 66th round of NSSO for 2009-10. From these new estimates, using the Tendulkar Committee methodology, the number of poor in 2009-10 was...
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No free mines with ultra mega power plants anymore: Coal ministry-Soma Banerjee
Bidders for upcoming ultra mega power plants in Odisha and Chattisgarh will have to pay a reserve price to the state government for coal mines that come bundled with the project, ending a long established policy regime in which the mines were allotted free. The coal ministry is in the process of finalizing norms for calculating the reserve price for the mines, bidding norms and a model agreement for which it...
More »Alcohol consumption three times higher among youngsters watching Bollywood movies: Study-Kounteya Sinha
Bollywood has now been blamed for Fuelling India's love for alcohol. Alcohol use in Bollywood movies is directly influencing the drinking habits of India's adolescents, according to a new study presented on Friday at the World Congress of Cardiology in Dubai. Overall 10% of the students (aged between 12-16 years) surveyed in the study had already tried alcohol. But students that had been most exposed to alcohol use in Bollywood movies...
More »Cut excise or we hike petrol price by Rs 10/L, says IOC
-The Times of India Taking a cue from the RBI governor D Subbarao, market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the Fuel. "We have been very patient, not raising prices since December despite our cost of...
More »Instead of celebrating the fall in poverty numbers, critics within & outside UPA keep carping-Arvind Panagariya
Evidence that poverty has declined since India began to liberalise in the 1980s, that the acceleration in growth to 8-9% range since the mid-2000s has resulted in accelerated poverty reduction and that these trends hold for each broad social group rather than just the aggregate population is as irrefutable as it gets in social sciences. In the accompanying graphic, taken from a recent study by Megha Mukim and the author, show...
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