-Business Standard Says the actual poverty is much higher than suggested by the multilateral lender, adding there is lack of scientific basis in computing the poverty line The government has contested the World Bank's recently released data that showed only 12.4 per cent of India's population was poor in 2011-12, considering an expenditure cut-off of $1.9 a person a day on Purchasing Power Parity (PPP) terms. It said the actual poverty was...
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Congress says PM got it wrong on GDP -Puja Mehra & Mehboob Jeelani
-The Hindu ‘Figure is $2.50 trillion and not $8 trillion as claimed by Modi’ India’s Gross Domestic Product (GDP) became a subject of political debate on Monday. Following Prime Minister Narendra Modi’s remarks in the U.S., that India’s GDP is $8 trillion, the Congress said on Monday that when the UPA government had left the office, India’s GDP was $2.27 trillion, and India’s GDP today was close to $2.50 trillion. “His officials should...
More »Not measure for measure -Uday Balakrishnan
-The Hindu With a plethora of government departments and international organisations putting out so much statistical data in the public space, often contradicting one another, it is the government's duty to clear the air with up-to-date and coherent statistical data linking social and economic indicators Purchasing Power Parity or PPP has validated a long held surmise that the poorer countries are not as badly off as they are made out to be...
More »Govt may negotiate price of drugs before market entry -Sushmi Dey
-The Times of India NEW DELHI: The government may negotiate prices of patented medicines with their manufacturers before allowing pharmaceutical companies to launch them in India. The move, a first of its kind, is also likely to be applied on patented drugs that are already being sold in the country, an official source said. An inter-ministerial committee, evaluating the mechanism to negotiate prices of patented medicines, has recently sought detailed information about...
More »India home to 1 in 3 of the world's poor in 2011
-The Business Standard World Bank-IMF study, however, says pace of reduction in absolute poverty has been substantial; report stresses skills training for youth India was home to about a third of the world's poor in 2011, according to a progress report on various social indicators from the World Bank and the International Monetary Fund (IMF), issued on Wednesday. In other words, the highest number of the poor lived in India in...
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