Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

100m more Indians defined as poor  Join our daily free Newsletter

MENAFN - Arab News - 08/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) NEW DELHI: An extra 100 million Indians have been classed as poor by an expert panel that has redefined the country's poverty benchmark after a storm of protest reports said Monday.

The government-appointed panel estimated nearly 30 percent of India's mammoth population or 363 million people were living in poverty in 2011-2012 after raising the poverty line proposed by the Planning Commission the top economic planning body.

The experts' report which was handed to the government last week is expected to spark fresh debate in India where hundreds of millions of people still face a lack of food and housing.

The panel's conclusions were leaked to Indian media on Monday ahead of this week's budget the first for Prime Minister Narendra Modi's government which won a landslide victory in May on a pledge to revive the flagging economy and halt high inflation.

The previous government asked the panel led by a former central bank governor to review the figures following an outcry over the Planning Commissio's threshold for poverty. The commission's proposed level revealed in 2011 defined those living on 27 rupees (45 US cents) a day in villages and 33 rupees (55 cents) in cities as not being below the poverty level sparking outrage from social activists who said it was not enough to survive on.


But the experts said those living on 32 rupees (53 cents) in villages and 47 rupees (78 cents) in cities should be considered as living on the poverty line according to the Times of India and other newspapers.

The poverty line is used to help determine government welfare benefit entitlements.

The planning minister's office told AFP it had received the panel's report but would not reveal its findings.

According to the Press Trust of India news agency the report says poverty hit 38.2 per cent of the population in 2009-10 and fell to 29.5 percent or 363 million people in 2011-12. The Planning Commission however estimated poverty at 29.8 per cent in 2009-10 saying it declined to 21.9 per cent in 2011-12 or 270 million people.


 


Arab News




  MENA News Headlines
 Jun 24 2016 - Chinese tornado death toll hits 98Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, June 24 (KUNA) -- Death toll of the tornado and hailstorms in east China''s Jiangsu Province has climbed to 98, state-run Xinhua News Agency reported ...

 Jun 24 2016 - UK has voted by 52% to 48% to leave European Union -- BBCKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, acording to the BBC. London and ...

 Jun 24 2016 - Spain heads to fresh parliamentary polls amid political uncertaintyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hanadi Watfa MADRID, June 24 (KUNA) -- The Spaniards are to go to the polls on June 26 for the second time in less than one year though the political scene ...

 Jun 24 2016 - Kuwait fire fighters work throughout the year including RamadanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Hammad Al-Mutairi KUWAIT, June 24 (KUNA) -- Personnel of the Kuwait Fire Service Directorate (KFSD) work hard throughout the year including the fasting ...

 Jun 24 2016 - Washington hotel lays historic claim to longtime political practice of lobbyingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Photo feature by Ronald Baygents WASHINGTON, June 24 (KUNA) -- Tourists and Washington residents who visit the lobby of the downtown Willard Hotel can find a ...

 Jun 24 2016 - Kuwait- Amiri Diwan Affairs Minister receives former Azhar Uni. headKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 24 (KUNA) -- Minister of the Amiri Diwan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah received Friday member of Al-Azhar''s supreme ...

 Jun 24 2016 - Tusk: Not a moment for hysterical reactionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 24 (KUNA) -- President of the European Council Donald Tusk, in a first reaction to the Brexit, said on Friday the 27 EU leaders are determined to ...

 Jun 24 2016 - Madrid bourse posts record losses due to BrexitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MADRID, June 24 (KUNA) -- Benchmark of Madrid Bourse, Ibex 25, tumbled by 11.99 percent at start of Friday''s session settling at 7,819, amid a prevalent jittery ...

 Jun 24 2016 - Cameron declares he is stepping down from officeKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) LONDON, June 24 (KUNA) -- British Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union. Cameron made the ...

 Jun 24 2016 - Egypt receive millions in new investments from ChinaMENAFN
(MENAFN) China Petroleum and Technology Development Corporation (CPTDC) plans to invest nearly USD10 million in Egypt, based on recent reports.Accordingly, the firm has been trying to find a local ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help