The Niti Aayog recently released its National Multidimensional Poverty Index 2023, according to which the poverty headcount ratio declined from 24.85 percent in 2015-16 to 14.96 percent in 2019-21. In absolute numbers this translates to 135 million people exiting multidimensional poverty in this time period. In addition, a few days earlier, the United Nations Development Programme (UNDP) released its own Multidimensional Poverty Index, which in a press note said that,...
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Bihar first state to launch universal old-age pension scheme -Madan Kumar
-The Times of India PATNA: Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account. In other states, old-age pensions are provided only to the members of either BPL family or SC/ST or widows...
More »Women from tribal villages 'lose' BPL status after getting Ujjwala LPG -Syed Khalique Ahmed
-The Indian Express 28.2 per cent surveyed households did not buy refills even once, 37.4 per cent families bought refill second time, says study. Ahmedabad: Shardaben Mansinh, a resident of Mekhar Morva village in Panchmahal district, was a BPL cardholder. However, after she was allotted a LPG connection under Prime Minister’s Ujjwala Yojana (PMUY) in June 2016, she was denied subsidised kerosene by the local PDS shop. On inquiry, she was...
More »Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan
-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed...
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