-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

Twenty percent of people in the country's most populous city are below the poverty line (BPL). For Mumbai's population of about 1.25 crore, that means 25 lakh BPL people. This makes the number of those living in abject poverty in the city 4 lakh more than the population of say Nashik. The BPL figure comes from a survey carried out by the BMC in 2005-06 . The criterion was an income...

-The Economic Times   The Planning Commission's affidavit to the Supreme Court that anyone with a monthly expenditure of more than Rs 965 in urban areas and Rs 781 in rural areas would be deemed 'not poor' has been greeted with howls of indignation. Rightly so! Though both numbers - adjusted for inflation - are an improvement over the Tendulkar Committee's numbers of Rs 447 a month in rural areas and Rs...

Planning Commission affidavit not to be taken as the last word' An embarrassed government swung into damage control mode on Wednesday, in response to widespread criticism of an affidavit filed by the Planning Commission that suggested that an individual income of just Rs 25 a day constituted adequate “private expenditure on food, education and health,” at a time when even the minimum wage was pegged at over Rs.100 a day, the...

Five years into the implementation of the right to work programme, the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA) has the potential to create even sharper division between states than what existed before it was launched. This is becoming increasingly clear through reports like the second report of the National Consortium of Civil Society Organisations on NREGA, released last week in Delhi by rural development minister Jairam Ramesh. It is...