India's poverty is estimated to have declined to 32 per cent in 2009-10 from 37.2 per cent five years ago, as per preliminary findings of the Planning Commission. The estimates are based on the formula suggested by the Tendulkar Committee for computing the number of poor in the country. "2009-10 data show a decline in poverty from 37.2 per cent in 2004-05 to 32 per cent in 2009-10 as the per the...
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GoM may moot dual system of food subsidy by Sanjeeb Mukherjee
Ahead of a crucial meeting, on the coming Monday, of a group of ministers to finalise the Food Security Bill, a consensus is emerging on a dual system of subsidy. This is that families below the poverty line (BPL) be given food subsidy through direct cash transfer. And, those above the poverty line (APL) be distributed foodgrains at a level equal to the minimum support price (MSP) offered to farmers, which...
More »27 million out of poverty net: Govt by Chetan Chauhan
A new data analysed by the Planning Commission says that around 382 million Indians were below poverty line in 2009-10, a decline of 27 million since 2004-05. The decline of over five percentage points (from 37.2% to 32%) in as many years was much less than the target of annual reduction of 2% in poverty in the 11th plan. What the UPA government can showcase is the highest poverty reduction...
More »Planning Commission may lower poverty estimates by Sangeeta Singh & Nikhil Kanekal
India’s apex planning body may cap national poverty at 32% for the purpose of calculating welfare benefits in the 12th Five-year Plan that starts on 1 April 2012, it said a day before a meeting with Prime Minister Manmohan Singh. The development comes on a day the Supreme Court asked Montek Singh Ahluwalia to respond why it should not strike down an earlier cap of 36% poverty after the government sought...
More »Anti-labour union by TK Rajalakshmi
The UPA-II government introduces with BJP support two anti-labour Bills, the Pension Bill and the Labour Laws Amendment Bill. ON March 24, the United Progressive Alliance (UPA) government managed to do what it had not been able to do in its first term – it reintroduced the Pension Fund Regulatory and Development Authority (PFRDA) Bill in Parliament with the support of the Bharatiya Janata Party. The objective of the Bill is...
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