-The Economic Times NEW DELHI: Poverty level in the country may have declined significantly between 2009-10 and 2011-12, the latest government survey on household consumer expenditure indicates, giving something to the beleaguered UPA government to hard sell ahead of elections next year. Back of the envelope calculations by ET suggest that poverty levels have fallen to less than 25% of population because of a sharp rise in rural incomes and decent performance...
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Policy paralysis could numb 12th five year plan growth: Planning Commission study -Vikas Dhoot
-The Economic Times NEW DELHI: A study commissioned by the Planning Commission to validate the growth estimates of the Twelfth Five-Year Plan has thrown up a rather depressing outlook for the economy, sending alarm bells ringing in the government. An independent think tank, the National Council for Applied Economic Research (NCAER), has pegged average annual growth for the Twelfth Plan at a mere 4.8%, if the present logjam in policymaking continues. The NCAER...
More »Social Protection Can Help Overcome Poverty and Hunger -Jomo Kwame Sundaram
-IPS News ROME: The growing consensus, momentum and commitment to eradicate world hunger may seem overly ambitious in view of the slow progress in reducing the number of hungry people in the world in recent decades. After all, declining food prices in the second half of the 20th century, thanks to increasing production, were not enough to eliminate poverty and hunger in the world. In the 1960s and 1970s, many governments invested a...
More »It’s official: Indian economy slowed to a 10-year low of 5% in 2012-13
-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...
More »CAG conducts secret studies to warn govt
-The Times of India NEW DELHI: The comptroller and auditor general has started conducting secret studies, called management reports, which are not tabled in Parliament. Starting with a report on Commonwealth Games (CWG), four such reports have been out. In the form of advisories, these reports are meant to forewarn the government on systematic faults and alert the departments to adopt fiscal prudence. Besides the one on CWG, the official auditor has produced...
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