With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...

-The Business Standard The average Per Capita Expenditure of Indians cited in the preface to the consumption expenditure report of the National Sample Survey Organisation (NSSO) has added some new numbers to the poverty debate, prompting economists to warn against straightaway inferring poverty from the dreary figures. While the report itself was released last year, its preface by NSSO director-general J Dash is now reeling out new numbers which are keeping the...

-PTI About 60 per cent of India's rural population lives on less than Rs 35 a day and nearly as many in cities live on Rs 66 a day, reveals a government survey on income and expenditure. "In terms of average per capita daily expenditure, it comes out to be about Rs 35 in rural and Rs 66 in urban India. About 60 per cent of the population live with these expenditures...

Remote controls are identified as technical devices which are used for various purposes ranging from the launching of space-ships to the monitoring of toy cars. But of late, these devices are being used to direct policies for nation states which are formally sovereign. We speak here of the powerful lobby of international credit rating agencies like Standard and Poor's (S&P), which has just delivered its sermon that India is no longer...

Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line. If the average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty linewould be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cutoff. The figures, based on the 66th round...