Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line. If the average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty linewould be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cutoff. The figures, based on the 66th round...
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It's Official: India's growth is jobless
The robust 9 per cent –plus growth in South Asia till 2010, driven largely by India, where it came down to around 7 per cent in 2011-12, had one major qualifier: it was mostly associated with a rapid rise in labour productivity rather than an expansion in employment, according to the latest report Global Employment Trends from International Labour Office. Up until the end of the millennium, that is just a...
More »Inflation takes away ‘feel good factor’, one-third Indians suffering: Survey-Sidhartha
High inflation and moderate economic growth seem to have taken away the "feel good" factor for many Indians. Gallup's Financial Wellbeing Index, released on Monday, showed that 31% of Indians rated their present and future lives as "suffering" compared to 24% in 2011. Similarly, only around 13% said that they are "thriving" compared to 21% a year ago. The biggest jump in the "suffering lot" is in the middle 20% population, where...
More »Drive for funds, not on urban mission
-The Telegraph The urban development ministry is miffed at the budget allocation for the urban renewal mission and has told the House standing committee it would not “sit quietly” but fight for more funds from the finance ministry. The aggressive posture comes despite the poor progress of the Jawaharlal Nehru Urban Renewal Mission, with only 127 of the 555 projects under its first phase completed by the deadline of March 31, 2012. A...
More »Growth vs garbage: Can we have efficient disposal mechanism?-Neeraj Kaushal
-The Economic Times Economic growth produces prosperity as well as garbage. The faster the economy grows, the more its people consume, and the more garbage they generate. When economic growth is sustained over a long period of time, garbage starts to pile up at a faster pace. Garbage just cannot be wished away even as some of us can move around it with eyes wide shut. It needs to be collected,...
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