Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

At the Independent People's Tribunal in Delhi last year, a young tribal man, Lingaram Kodopi, had a question: "My family is well off, but they [security forces] accuse me of being a Naxalite. Why can't we adivasis wear a good watch or drive a car without being picked up by the police?" In September 2009, 10 men with AK-47s entered Kodopi's home in Sameli, Dantewada, Chhattisgarh. They wanted to know...

-IANS   The Planning Commission Tuesday told the Supreme Court that the below poverty line (BPL) population in the country is 40.74 crore and the poverty line for the urban and rural areas could be provisionally placed at Rs.965 per capita per month (around Rs.32 per day) and Rs.781 per capita per month (around Rs.26 per day), respectively. The Planning Commission in an affidavit said that the BPL population at present touched by...

-The Times of India   Facing a political storm over its poverty line prescription, the government decided to revise the Rs 32 a day expenditure criteria for urban population (Rs 26 for rural) by factoring in the 2009-10 National Sample Survey Organization report on household spend. The pittance outlined in the Planning Commission affidavit before the Supreme Court left the government squirming as the BJP and Left attacked it for framing poverty guidelines...

-The Hindu   India will support the removal of food export restrictions for humanitarian purposes during the annual meeting of the International Monetary Fund (IMF) and World Bank in Washington later this week. The Finance Minister, Mr Pranab Mukherjee, will attend the two-day meeting on September 23-24. According to the agenda note prepared for the meeting, India has welcomed the recommendations of the Development Working Group (DWG) of the Agriculture ministerial. One of these...