-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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Indians spending less on food, says national survey -Vibha Varshney
-Down to Earth Total consumer expenditure on processed foods, beverages, and refreshments level has increased Indians are eating badly; and the trend is getting worse each year. Data from the 68th round of the National Sample Survey (NSS) shows that the share of food in total expenditure has reduced both in rural and urban areas. This is despite the fact that food is getting progressively more expensive. Spending more on unhealthy foods Amongst the...
More »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 »Poor in villages live on Rs 17 a day, in towns on Rs 23 a day: Survey -Mahendra Singh
-The Times of India NEW DELHI: The poor in rural areas spend only Rs 17 per day while those living in cities and towns spend Rs 23 a day, a government survey has revealed. The bottom 5% of the population had an average monthly Per Capita Expenditure of Rs 521.44 in rural areas and Rs 700.50 in urban areas, according to National Sample Survey (NSS) data for 2011-12 (July-June). The top 5% of...
More »Govt outlines Rs 60,000 cr prog for making Maharashtra drought-free
-PTI MUMBAI: Severely hit by drought since the past few years, the Maharashtra government has outlined a Rs 60,000 crore programme which includes creating decentralised water storage to make the state drought free in three years. "Maharashtra is reeling under severe drought crisis. We have outlined an investment of Rs 60,000 crore over the next three years to ensure that Maharashtra is drought free," Chief Minister Prithviraj Chavan said at the 177th...
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