The Sonia-Gandhi led National Advisory Council is pushing to amend the Unorganised Workers’ Social Security Act, 2008 to make it more inclusive and include a comprehensive social security package. The council, which met last month, pitched for a security package that would contain health insurance, maternity assistance, a life-cum-disability insurance scheme and a pension plan that it proposed should be provided through a single window backed by an inter-ministerial committee consisting...
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A very crooked line-Prahlad Shekhawat
It is worrying that the Tendulkar method, chosen by the Planning Commission to calculate the poverty line in its latest figures, underestimates the levels of poverty while overestimating poverty reduction. The figures show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05. A poor person has been defined as one who spends R28 per day in urban areas and R22.5...
More »Losing direction-Jayati Ghosh
The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...
More »Cut in NREGA allocation may hit FMCG firms-Meghna Maiti
The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
More »Raj fares well, registers 9% decline in poverty-Anindo Dey
No. Of People Below Poverty Line Dips To 24.8% From 34.4% In Rajasthan, if you earn more than Rs 846 per month (Rs 28.20 per day) in urban areas and Rs 755 per month (Rs 25.16 per day) in rural areas, then you are not below poverty line. The data was released by the Planning Commission on Monday. This is a jump from Rs 568.15 per month (Rs 18.93 per day)...
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