-The Indian Express The National Sample Survey has found that the poorest 10 per cent of India’s urban population lives on Rs 23.40 per day while their rural counterparts make do with even less at Rs 16.78. “The poorest 10 per cent of India’s rural population had an average monthly per capita expenditure (MPCE) of Rs 503.49 per month,” the survey found. In the last round of the NSS for 2009-10, the...
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Amartya Sen, Nobel laureate interviewed by Sagarika Ghose
Nobel laureate Amartya Sen believes that Team Anna's reading of corruption or what causes corruption or how it can removed is wrong, and that they need to look at how the economic system operates. In an exclusive interview with CNN-IBN Deputy Editor Sagarika Ghose, Nobel laureate Amartya Sen said that instead of fasting and protesting, one should try and change the systems that provided incentives for corruption. Below is the transcript of...
More »Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »RBI warns of more inflationary pressures from poor rains, MSPs
-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...
More »Farmers increasingly using weather insurance to mitigate risks from climate change-Rituraj Tiwari
-The Economic Times NEW DELHI: More farmers are using weather insurance to mitigate risks from climate change. Top two weather insurers -- Agricultural Insurance Corporation (AIC) and ICICI Lombard -- say business is growing at 25% annually and now covers more than 200 districts across 21 states. "The growth has been so spectacular over the past five years that as many as 12 million farmers, growing crops on over 15 million hectares...
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