-IANS Nearly 71 per cent of India's elderly aged between 60 to 80 years are compelled to work, said a survey conducted by United Nation Population Fund (UNFPA) India. The survey, partnered with many other organisations, noted that 71 per cent elderly work due to economic necessity and not by choice, and that there is a close link between current work participation and poverty and illiteracy. The survey was done in seven...
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The roots of poverty: Ruinous healthcare costs-Anirudh Krishna
-Live Mint While natural disasters grab our attention, everyday events like illness drag most people into poverty In a small town of Gujarat, I met Chandibai, a woman, about 50 years of age. Fifteen years previously, her husband, Gokalji, had owned a general-purpose shop in the town centre. The family also owned a house and some agricultural land. In 1989, Gokalji developed an illness that confined him to bed, sometimes at home...
More »Joseph E Stiglitz, Nobel laureate interviewed by Pranay Sharma
-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...
More »Rising food prices kept 8 million Indians chained to poverty: UN report
-The Times of India Rising food prices during 2010-11 may have pushed three million Bangladeshis into poverty, and kept eight million Indians from getting out of poverty bracket, finds a UN report released on Thursday. In Asia and Pacific region, food inflation pushed nearly four million people into poverty. The UN Economic and Social Commission for Asia and the Pacific ( ESCAP) report on regional cooperation for inclusive and sustainable development says...
More »No hope of a life of dignity for these bonded labourers -Bindu Shajan Perappadan
-The Hindu Patiala (Punjab): It is an illegal but accepted practice here to employ agricultural labourers and their family against a loan The blaring gurdwara loudspeakers at Punjab’s Gandav village confirmed the worst fears of Jasbir Kaur. They were announcing that the recently-widowed young woman would lose the one-room shed she calls home if she was unable to pay back the Rs. 80,000 her husband had borrowed from the village landowner. With...
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