There is a China hand in India's inflation, one important reason why the steady rise in interest rates may not be cooling the high inflation. About 25% of imported inputs that go into manufacture of goods produced locally are imported from China. In addition, a third of consumer goods imported into India come from China. The inflation in goods exported by China was 10% in July, much higher than its overall...
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How little can a person live on? by Utsa Patnaik
The Planning Commission's laughable estimates of the ‘poverty line' follow from a mistake in method that it made 30 years ago and has clung to ever since. The affidavit that the Planning Commission recently submitted before the Supreme Court stating that a person is to be considered ‘poor' only if his or her monthly spending is below Rs.781 (Rs.26 a day) in the rural areas and Rs.965 (Rs.32 a day) in...
More »‘Rs. 39 enough for med expenditure’ by Dhananjay Mahapatra & Nitin Sethi
Updating the poverty line cutoff figures, the Planning Commission said that those spending in excess of Rs 32 a day in urban areas or Rs 26 a day in villages would no longer be eligible to draw benefits for those living below the poverty line. TOI broke down the overall monthly figure for urban areas and used the CPI for industrial workers along with the Tendulkar committie report figures to see...
More »Spend Rs 32 a day? Govt says you can't be poor by Dhananjay Mahapatra & Nitin Sethi
The Planning Commission told the Supreme Court on Tuesday that anyone spending more than Rs 965 per month in urban India and Rs 781 in rural India will be deemed not to be poor. Updating the poverty line cut-off figures, the commission said those spending in excess of Rs 32 a day in urban areas or Rs 26 a day in villages will no longer be eligible to draw benefits...
More »Govt to make poverty line more realistic
-The Times of India Facing a political storm over its poverty line prescription, the government decided to revise the Rs 32 a day expenditure criteria for urban population (Rs 26 for rural) by factoring in the 2009-10 National Sample Survey Organization report on household spend. The pittance outlined in the Planning Commission affidavit before the Supreme Court left the government squirming as the BJP and Left attacked it for framing poverty guidelines...
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