-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
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Not such a straight poverty line-R Ramakumar
-The Hindu There is absolutely no methodological relationship between the Tendulkar poverty line and the one dollar poverty line. Mihir Shah has defended the poverty line recommended by the Suresh Tendulkar Committee in 2009 in his article in The Hindu (editorial page, "Understanding the Poverty Line", August 5, 2013). Mr. Shah makes two claims. First, he argues that "Tendulkar [...] computed poverty lines for 2004-05 at a level that was equivalent, in...
More »Poverty play -Jayati Ghosh
-Frontline Once more, without feeling: the government's latest poverty estimates. YET again the Central government has mired itself in controversy by releasing its latest poverty estimates based on the consumption expenditure survey of the NSSO (National Sample Survey Office) Survey of 2011-12. The Planning Commission's poverty line, using methodology suggested by the Tendulkar Committee in 2010, is now apparently defined as the spending of Rs. 27.20 per capita per day in rural...
More »food prices fall for third consecutive month–UN agency
-The United Nations Global food prices declined for the third consecutive month, largely driven by lower international prices for grains, soy and palm oil, while sugar, meat and dairy prices were also down, the United Nations Food and Agriculture Organization (FAO) reported today. The Rome-based agency said its food price Index averaged 205.9 points in July, which is 4 points below June and 7 points lower than in July 2012. The Index measures...
More »House panel frowns on poverty trackers
-The Telegraph New Delhi: A parliamentary panel has disapproved of the process the Planning Commission and the Centre follow to identify below poverty line (BPL) people, adding to the recent controversy over a 15 per cent reduction in poverty. The standing committee on finance, headed by the BJP's Yashwant Sinha, has outlined flaws in the methodology followed by the Planning Commission and the government to identify the poor. The measure is key...
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