Poverty is a multi-dimensional concept. Official statistics in India have always referred, arguably narrowly, to only income poverty (using the proxy measure of consumption expenditure from the NSSO surveys).The Suresh Tendulkar Committee report submitted to the Planning Commission is the latest input to the “Great Indian Poverty Debate”. While the increase in the number of poor households, as suggested by the Tendulkar Committee, may indeed help expand the coverage of...

It is official now that the poverty in India is much more than earlier estimated. The Suresh Tendulkar Committee report submitted this month (December 09) estimates poverty in India at over 37 per cent (2004-5) and not at 28 per cent as calculated earlier. With recent price rise in food items factored, the current level could be even higher (See the link of the report below). The Government of India had...

Government and regulators need to focus on the systemic risk engendered by excessive compensation. As calendar year 2009 draws to a close, it is bonus season for the financial sector in the West. In the last several months, the need to cap bonuses and compensation packages has been extensively discussed in the context of limiting the future impact of the next financial sector breakdown. On December 9, 2009, the UK was...

Very little is known generally about operational NGOs that work closely with people on a daily basis. WHILE a good many people in the country know that the Central and State governments have a number of plans and projects to bring about development – not all of them either well-conceived or well administered – they are much less aware of the part played in the overall development process by non-governmental...

It used to be a quip in the 1970s that estimation of poverty in India is stymied by the poverty of estimation. The other joke was that far too many economists and statisticians had prospered trying to estimate poverty! So, we have yet another estimate of poverty in India. Rural poverty numbers for 2004-05 are up from the earlier estimate of 28.3 per cent to 41.8 per cent — with...