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...
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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)...
More »Poverty levels fall by 7 percentage points in 5 yrs, faster in villages than in urban areas
-The Indian Express Rural areas have shown a faster pace of decline as poverty levels dipped by over seven percentage points in the past five years in the country. As per Planning Commission estimates released on Monday, Himachal Pradesh, Madhya Pradesh, Maharashtra, Orissa, Tamil Nadu, Karnataka and Uttarakhand are among the top performers, with the decline in poverty in each of these states estimated at 10 percentage points or more between 2004-05...
More »Poverty test awaits CM-Devadeep Purohit
-The Telegraph The controversial poverty data from the Planning Commission has a message for Mamata Banerjee: the Marxists have brought down the number of destitute in Bengal but much more needs to be done. Latest data suggest that the number of poor has dipped by 7.5 percentage points in Bengal between 2004-05 and 2009-10, which covers the last five years of Left rule in the state. Poverty in urban areas in Bengal came...
More »800 unpaid under NREGA since 2009-Sandeep Pai
For a district feted by the state as the best performer in the Mahatma Gandhi National Rural employment Guarantee Act (NREGA) scheme, Aurangabad has perfected the art of graft. For, the Sillod taluka in the district has thrown up a case where nearly 800 tribal migrants, labouring since 2009, have not been paid a single rupee in wages, which have allegedly been siphoned off by the zilla parishad officials in...
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