-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...

-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...

-The Indian Express The central message of Angus Deaton’s work: Becoming richer is not necessarily the same thing as becoming better-off. In the preface to his magisterial 2013 book The Great Escape, Angus Deaton thanks his teachers. “Richard Stone was perhaps my most profound influence,” Deaton writes, “from him I learned about measurement — how little we can say without it and how important it is to get it right.” Important, indeed....

Recently meat sale and consumption was banned in five BJP-ruled states of Chhattisgarh, Maharashtra, Rajasthan, Haryana and Gujarat on the pretext of not hurting the religious sentiments of Jain community during Paryushan festival. Earlier this year, beef consumption and sale was banned in Maharashtra with the passage of Maharashtra Animal Preservation (Amendment) Bill, 1995. A few days back, a Muslim man named Mohammad Akhlaq was lynched by a Hindu mob...

-Livemint.com/PTI According to a World Bank report, the number of people living in extreme poverty around the world is likely to fall to under 10% of the global population in 2015 Washington: India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said. According to the report,...