Poverty Financial News

Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on May 1 and 2, the nonprofit announced...

₹20 per capita per month," and the commission called them poor. In their classic study, Dandekar-Rath defined the poor in terms of an average consumption of 2,250 calories per capita per day, equivalent to ₹15 for rural areas and ₹22.50 for urban areas, both in 1960-61 prices. This became the poverty line for academic studies in India and around the world.

Recently, a working paper titled ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj,’ by Nitin Kumar Bharti, Lucas Chancel, Thomas Piketty and Anmol Somanchi was released. Sections of the Indian media lapped it up, forgetting that it is not a peer-reviewed paper; nor has it been published by any reputed journal. We present arguments here in the hope that it will leave readers better informed on inequality in India.

By Peter Shawn Taylor

Dozens of Liberal members of Parliament are calling on the finance minister to set aside money for the Canada Disability Benefit in next month’s federal budget.

minimum wage with living wage by 2025 and has sought technical assistance from the International Labour Organization (ILO) to create a framework for estimating and operationalising these, ET has learnt. Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior government official told ET. The ILO had agreed on the reform at its 350th governing body meeting in Geneva that concluded on March 14. There are over 500 million workers in India and 90% of them are in the unorganised sector where many draw a daily minimum wage of `176 or more, depending on the state where they work. However, this national wage floor — not revised since 2017 — is not binding on states and hence a few states pay even less than that.

₹87 per capita in rural areas and ₹62 per head in urban zones. For the country as whole, it is ₹129,910 crore in current prices, with a large part of the total accounted for by a cereal subsidy, at ₹122,772 crore. Even this food subsidy figure is low compared to the reported expenditure on free foodgrain provision under the PMGKAY at more than ₹250,000 crore.

Boarding houses were a staple for low-income, single blue-collar or temporary workers across the U.S. in the early 1900s

News18 summit, PM Modi said, “We are making road map for next 25 years and plan for first 100 days of our third term." Criticizing the Opposition, PM Modi said, “The opposition has hurled over 100 abuse at me and called me Aurangzeb. ‘Meri Khopdi Udaane Ka Plan Banaya’." A safe country is the basis of a developed India, PM Modi said adding that the National Democratic Alliance (NDA)-led government works with a 'nation first' approach, and that India has no reason to be behind any country. “Today world is calling 21st century India's century; India's confidence level can be seen in citizens' conversations today," said PM Modi.

India does not tolerate terrorism. The country also teaches lessons to those who threaten with terrorism. The world can see India's response against those who wounded us with terrorism,” said Prime Minister Narendra Modi at the CNN-News18 Rising Bharat Summit in New Delhi Wednesday. Talking about the forthcoming Lok Sabha polls, the prime minister said, «there is a mood of debate ahead of elections. And this is the beauty of democracy.” »The BJP is planning for the first 100 days of our next term," PM added.

Sarbananda Sonowal said that Congress and its allies are flag bearers of nepotism, corruption, division and corruption. He addressed multiple meetings where he met and interacted with party cadres of BJP and AGP at Makum, Tinsukia and Dibrugarh Legislative Assembly constituencies under the Dibrugarh Parliamentary constituency. Highlighting the good work done by the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government in the last one decade, the “Shakti” of Bharat would triumph over inept, inefficient, indifferent of Congress led opposition, added Sonowal, the BJP nominated candidate for Dibrugarh Lok Sabha constituency. Sonowal called upon party cadres to harness their Shakti to trounce any opposition towards realization of the vision of Viksit Bharat, Atmanirbhar Bharat.

By Farah Master, Tingshu Wang and Xiaoyu Yin

By Richard Cowan

ANI. He claimed that if there were no BJP, there would not have been any riots and said, “If there had been no BJP, there would not have been other things.

Deep inside mountain tunnels in Colombia where the heat is so intense it causes headaches, women with power tools are chipping away at boulders in search of gems

The availability, or not, of free fruit, has long been the sort of thing to evoke excitement among people working in investment banks. It's not so much the potential to eat unlimited bananas without paying as the principle behind that potential: your employer values you and your health so much that it will fund your consumption of healthy snacks.

Earlier this week, a tweet from Indian governments through MyGovIndia went viral on X. The tweet with text — What's wrong with India? — has so far got 2 million views. The tweet highlighted India's recent accomplishments, including the eradication of extreme poverty, the lunar landing achievement, recognition for economic growth from the IMF chief, and advancements in digital infrastructure.

Argentina’s inflation slowed down for a second consecutive month in February, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy

₹1,200 crore Gandhi Ashram Memorial masterplan at Sabarmati in Ahmedabad, Gujarat. During the event, he also opened the redeveloped Kochrab Ashram. Addressing the gathering, PM Modi highlighted the significance of cherishing the country's heritage.

More than 75 million student loan borrowers have enrolled in the U.S. government’s newest repayment plan since it launched in August

panel for a comprehensive review of the country's statistical systems, which have been criticised for poor survey methodology and delayed report releases. The decision to set up an expert committee to look into all the issues related to data was taken at a review meeting held by the Prime Minister's Office (PMO) in February, people familiar with the deliberations told ET. «The committee is likely to find solutions for addressing recurring concerns over data quality,» one of the persons said. «PMO also favoured a tech upgrade of the entire system,» the person said.