-IANS NEW DELHI: India's annual rate of inflation based on wholesale prices continued in the negative territory in June, falling further to (-)2.4 per cent from (-)2.36 per cent for the month before, official data showed on Tuesday. The annual rate of inflation, as per the official wholesale price index, stood at 5.66 per cent in the corresponding month of the previous year, according to data released by the ministry of commerce...
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670 Million In Rural Areas Live On Rs 33 Per Day -Saumya Tewari
-IndiaSpend.com More than 70 million rural households face some form of exclusion, either from assets or socio-economic benefits, according to data released by the Socio-Economic Caste Census (SECC) survey last week. As many as 833 million Indians, or 69% of the population, live in rural areas. The SECC report comes at a time when global credit rating agencies, such as Moody’s, have warned that slow growth in rural India may cripple the...
More »Rural poor may get 90% more funds to build houses under new scheme -Saubhadra Chatterji
-Hindustan Times Poor people in rural India may get 90% more funds to build their houses with the government planning to revamp the rural housing scheme, Indira Awas Yojna (IAY). The scheme — likely to be redesigned as the national Grameen Awas Mission — currently offers beneficiaries Rs 70,000 to build a house and Rs 8,000 for a toilet. The Centre is planning to hike this allocation to up to Rs 1.48...
More »Why poverty is development’s best friend -G Sampath
-The Hindu The ‘development’ discourse serves the same purpose as the colonial apparatus but without the bad press. After 67 years of failing to eliminate deprivation in India, is it time to look for new ideas? The Socio-Economic and Caste Census (SECC) 2011, which hit the headlines earlier this month, tells us that half the households in rural India are landless, dependant on casual manual labour, and live in deprivation. By suggesting...
More »Atal Pension Yojana: Guaranteed, but low pension -Anand Kalyanaraman
-The Hindu Business Line The Atal Pension Yojana is intended as a safety net for workers in the informal sector The Atal Pension Yojana (APY), like the National Pension System (NPS), seeks to provide monthly pension to subscribers from the age of 60. While the APY is open to all citizens of India between 18-40 years, it is focussed on workers in the unorganised sector. Guaranteed pension The scheme has been tailored to make it...
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