-BankBazaar.com    Can you live on Rs 32 a day in Indian cities? This is what everyone is asking after the Planning Commission came up with this figure in its revised estimate of people living below the poverty line. How about living on Rs 26 a day in a village? Impossible, you say. That's the debate that has been going on in India for the past few days. There is certainly something missing with...

-PTI   The daily expense cut-off of Rs 32 per person to define urban poverty “is not all that ridiculous in Indian conditions”, Planning Commission deputy chairman Montek Singh Ahluwalia said today. The comments, certain to stoke the controversy over the criteria, came in a letter that Ahluwalia wrote to attorney-general Goolam Vahanvati. “The fact is that Rs 4,824 per month for a family (of five persons) to define poverty is not comfortable but...

The underlying assumption of the proposed Land Acquisition Bill seems that the price paid to farmers is unreasonably low due to dominant power of industrial buyers, requiring government intervention. The draft, however, may neither accelerate the pace of land acquisition for industry nor overcome the psychological barriers of landowners that impede land transfers. First, the psychological barriers that limit supply. One of the main reasons for the farmers’ (and land dependents’)...

India’s poor can take heart — for there’s justice even in this world, despite and in spite of the Planning Commission. Planning Commission deputy chairman, and expert on poverty, Montek Singh Ahluwalia, has gotten off his high horse. Ahluwalia said on Monday that a new committee would be set up to come up with a fresh method to identify India’s poor. Last week the Commission had filed an affidavit in the...

Discussing the ‘poverty line’ has become a bit like talking about sex or death. Everybody has a view on it. And no two persons have the same view. The planning commission, members of the national advisory council, the rural development minister, assorted chief ministers, social scientists, economists, the media, the bloggerati — all have made their points loud and clear. However, such is the topic that it continues to trigger verbal...