The government is likely to raise the income threshold to define the economically weaker section (EWS) to about Rs 6,000 a month from the current Rs 3,300 a month. This will increase EWS numbers by almost 40 per cent. The EWS population benefits from government housing schemes and gets softer interest rates on housing loans from state-owned banks. The move to hike the threshold is based on an internal report...
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India can’t end poverty by 2015, as per new index by Priyadarshi Siddhanta
South Asian nations including India would not be able to eradicate poverty and ensure minimum education for all by 2015, according to a new poverty index to be released next week in Delhi. The Basic Capabilities Index (BCI) 2009 has found that South Asia will get 80 points on the index by 2015, 10 points higher than the present value of 70. India has got 68 points in the index,...
More »Fresh welfare schemes for poor to get delayed
The introduction of many new social welfare schemes could be delayed because the rural development ministry and the Planning Commission have yet to agree on a suitable new way to identify the poor, the main intended beneficiaries of these schemes. One key programme that is likely to be hit is the proposed National Food Security Act, which aims to provide every Indian family that lives below the poverty line (BPL) 25kg...
More »Focus on farm growth, food security bill by Gargi Parsai
Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...
More »World’s poorest countries must diversify economies to beat poverty – UN
Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...
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