-The Economic Times NEW DELHI: Planning commission deputy chairman Montek Singh Ahluwalia on Monday admitted that the latest poverty estimates released last week is indeed low and needs to be revised upward. The commission said last week that only 21.9% of the population was poor, based on a per capita spending of 33.33 day in cities and 27.20 rural India, causing widespread outrage for being too low. "As the country becomes richer and...
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Facing flak, govt to revise poverty line benchmark
-The Times of India NEW DELHI: The government will soon revise the contentious poverty line upward from Rs 27.20 in rural areas and Rs 33.40 in urban areas after it receives the report of the Rangarajan committee that is examining the validity of the current yardstick. Minister of state for planning Rajeev Shukla told TOI the government was in the process of re-evaluating the poverty line in a bid to make it...
More »Sen vs Bhagwati: Parallels from an earlier titanic clash-Rupa Subramanya
-The Business Standard Can Bhagwati-Sen debate bring the same change as Hayek-Keynes duel in the US in 1932 At a time of economic crisis, a distinguished group of economists wrote a letter to a major newspaper, making a case for increased government involvement in the economy. A few days later, an equally distinguished group of economists wrote a letter to the same newspaper, arguing against the first lot. No, this...
More »Rs 27 per day: India's new rural poverty line
-Down to Earth New poverty estimate claims fastest ever decline in poverty during UPA's regime The Planning Commission has declared the new poverty line for rural and urban areas. It is Rs 27 a day for rural areas and Rs 30 a day for urban areas. Just a year ago when the Commission suggested a poverty line of Rs 22 a day for rural areas, there was a national outrage over it. Subsequently,...
More »Two out of three say UPA is corrupt-Rukmini S
-The Hindu Growing number believe that the BJP is better at handling corruption Two out of three people feel that the UPA-2 is corrupt and that corruption has increased over the last four years, while a growing number believe that the BJP is better at handling corruption than the UPA, according to the CSDS poll. Even though corruption is only the fifth most important issue for voters in the 2014 elections, according to...
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