Whereas the number of poor can be fixed simply through a sample survey, identifying them would need visiting each and every household. While Planning Commission was the official agency to estimate the percentage of population below poverty line (BPL) once in five years based on the National Sample Survey on Consumption Expenditure, a Census to identify the BPL households has been conducted by the states through the Ministry of Rural Development of the Central Government three times (1992, 1997 and 2002) in the last 25 years.
Since taking over as Prime Minister last May, Narendra Modi has made several major announcements-smart cities, bullet trains, Digital India, Make in India, Jan Dhan, to name a few. Recently, he talked about taking India from a $2-trillion economy to a $20-trillion one. Of course, one day, some time in the future India will be a $20 trillion economy. But, what is the timeframe we should be looking at-15-20 years, 30 years or 40 years? In a subtle way, can India become a $20 trillion economy within a generation?
Mumbai, 12th June 2015: Effective and credible institutions and a transparent ecosystem, especially in the areas of public procurement, infrastructure and services are essential to ensure long-term sustainable growth in India, Chairman of Competition Commission of India Ashok Chawla said at the 40th Skoch Summit here Friday.
Mumbai, 11th June 2015: Focus on innovations, inventions and fresh thinking in the areas like education, health, food and housing can help India become $20 trillion economy from the current around $2 trillion, Union Minister for Women and Child Development Maneka Gandhi said at the 40th Skoch Summit here Thursday.
Poverty remains one of the most pressing challenges facing the country today. But why are the people poor? Why are able-bodied working age group people poor? Old people, disabled people, that's different.
A chain, they say, is only as strong as its weakest link. How then are societies and economies grow successfully without safeguarding and strengthening their weakest members?
Under the Millennium Development Goals (MDGs), India along with other developing countries, has committed to eradicate extreme poverty. The deadline to achieve the goal is 31st December 2015. However, according to a recent United Nations report, nearly 300 million people still live in extreme poverty in India and face deprivation in terms of access to basic services, including education, health, water and sanitation.
Finance Minister Nirmala Sitharaman has brought in Diwali early for the economy by lowering taxes on corporate profits to nearly the lowest level across comparable countries. Within minutes, the stock markets gave the announcement an 1800-point salute, the highest intra-day jump in a decade that lifted market valuation by Rs 5 lakh crore.