But will it reflect true level of poverty in the country? India's poverty line has hit the headlines again. In the past six months this is for the second time that the government has tried to bring out a poverty line. Like the poverty line in September last year, the new poverty line has also triggered widespread dissent and debate. In an action replay, this time also the government almost junked...

To lose bank guarantees for its four power plants in Rajasthan The Union Ministry of New and Renewable Energy (MNRE) has found Lanco Infratech guilty of false commissioning of solar power plants in Rajasthan. The company will now lose its first set of bank guarantees for the remaining four solar photovoltaic plants in Rajasthan. It has already lost bank guarantees of three other plants being set up in the state after...

One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

It will not work at cross purposes with the Abhijit Sen committee: Ashwani Kumar In a bid to address the rising concerns, within and outside Parliament, over the latest poverty estimates released by the Planning Commission, Prime Minister Manmohan Singh on Thursday declared that a technical group would be put in place to come up a new methodology to capture the incidence of poverty. Talking to reporters on the sidelines of a...

-The Hindu Food subsidies for poorest will help them cope: ADB A hike in the cost of food staples like rice and wheat could push tens of millions more people into extreme poverty in the South Asian region including India, says an Asian Development Bank (ADB) report. The Manila-based lending agency, in its report “Food Price Escalation in South Asia – A Serious and Growing Concern” released on Monday, however, said that food...