-Outlook About 30 per cent of people in India were below the poverty line in 2009-10 that was based on the monthly per capita Consumption Expenditure (MPCE) of Rs 673 for rural areas and Rs 860 for urban areas, Parliament was informed today. "As per the latest available information, the poverty line at all India level for 2009-10 is estimated as MPCE of Rs 673 for rural areas and Rs 860 for...
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Economic Survey: Focus on subsidy is Budget highlight: PwC
-MoneyControl.com The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of Targeted Public Distribution System (TPDS) and Direct Benefit transfer. “The Survey calls for a re-prioritization of expenditure especially in the subsidy front by cutting down the subsidy bill in case of Oil and Fertilizer and by increasing the efficiency of...
More »Slash subsidy, raise prices of diesel and LPG: Economic Survey
-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...
More »One more step towards food security-Himanshu
-Live Mint Parliamentary committee’s proposals on the food security Bill are an improvement over the original The standing committee of Parliament, set up to examine the National Food Security Bill (NFSB), has finally given its recommendations. With this, the Bill has moved one step closer to seeing daylight. The recommendations, which are not binding on the government, will now be considered by the Union cabinet before being put to vote in Parliament. The...
More »Inequality rises in cities and dips in rural India, a plan panel study -Chetan Chauhan
-The Hindustan Times Inequality between the richest and the poorest has risen at a faster rate in cities as compared to rural India raising questions over the impact of UPA government's inclusive growth agenda. It was believed that benefits of liberalisation unveiled in 1992 were more for urban India because of increase in incomes for all classes as compared to rural India. The myth seems have been broken by a new Planning Commission...
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