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 »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »Parliamentary committee seeks details of rental housing scheme
-The Hindu The Housing Ministry had informed Parliament that 66 proposals had been received A Parliamentary panel has asked the government to clarify how many of the 66 proposals received under the Affordable Rental Housing Scheme launched for the urban poor, especially migrant workers, during the COVID-19 pandemic have been approved by their respective local urban bodies. The Ministry of Housing and Urban Poverty Alleviation had informed Parliament that 66 proposals have been...
More »Proposals for remediation of 1,000 legacy dump sites approved so far, says Hardeep Singh Puri
-The Hindu The actions plans come under the Swachh Bharat Mission Action plans for remediating around 1,000 legacy landfill sites that contain a total of 12.8 crore metric tonnes of waste have been approved under the Swachh Bharat Mission, said Union Housing and Urban Affairs Minister Hardeep Singh Puri on Thursday. Inaugurating the ‘Swachh Shehar Samvad’ and a tech exhibition here, Mr. Puri said under the ‘Lakshya Zero Dumpsite Challenge’ all legacy landfills,...
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