The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
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5.6 crore Indians plunged into poverty in 2020, says World Bank
-Scroll.in Data from a survey conducted by think tank CMIE had to be used as India has not published official figures since 2011, the financial body said. A total of 5.6 crore Indians slipped into poverty in the pandemic year of 2020, the World Bank said in a report on Wednesday, citing data from a household survey conducted by think tank Centre for Monitoring Indian Economy. The findings of the Consumer Pyramids Household...
More »With Demand for MGNREGA Work Increasing in Sept 2022, Activists Warn About Rural Distress -Ronak Chhabra
-Newsclick.in As per the data, the September demand – which was 16.7 million under the household segment and 20.2 million when it comes to individuals – remained higher than the pre-COVID levels, even as the figures for the same month are lower than last year. New Delhi: The marginal increase in demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in September points towards a “much greater level...
More »A layperson's guide to understanding the global Human Development Report 2021/22
It is hard for the media to ignore the findings of global Human Development Report (HDR) whenever a newer and updated version is released. Every time when the HDR is published by the United Nations Development Programme (UNDP), media persons and commentators tend to compare the performance of their respective countries with that of performance in previous years as also with respect to the relative performance of other nations. One of...
More »Monetary Policy Alone Inadequate To Tame Inflation -Dr. Amar Patnaik
-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...
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