Poverty Financial News

NEW YORK (Reuters) — The International Monetary Fund said it is important to secure additional social assistance for Argentines amid a government push for economic reforms, and preserve the value of pensions.

Climate change and a yearslong drought have forced Morocco's famous public baths to close a few days a week in an effort to save water

By Nicolás Misculin and Miguel Lo Bianco

Tejashwi Yadav on Tuesday charged the ruling BJP at the Centre with diverting public attention by "Modi ka Parivaar" rhetoric, which came as a response to his father Lalu Prasad's attack on the Prime Minister a couple of days ago. Talking to reporters here, Yadav said BJP leaders suffixing «Modi ka Parivar» to their names reminded him of «Main Bhi Chowkidar» rhetoric ahead of Lok Sabha polls of 2019 when Congress leader Rahul Gandhi had coined a slogan "chowkidar chor hai". «I am glad that the words of Lalu ji have so much impact,» remarked the former Bihar Deputy CM sarcastically, adding: «But what about issues like poverty and unemployment that he had raised? He spoke of so many things». Prasad, who is the RJD's founding president, had on Sunday told a rally here that Prime Minister Narendra Modi had «no family» of his own, in a bid to rubbish the latter's criticism of «parivarvad» or dynastic politics.

home prices in India are set to rise 7% this year and next, driven by purchases of luxury properties, according to analysts polled by Reuters who said the supply of affordable homes would continue to lag demand. Barely dented by the Reserve Bank of India's 2-1/2 percentage points of interest rate rises from May 2022 to February 2023, the housing market has powered along with Asia's No. 3 economy, the fastest growing amongst major peers. Home prices rose 4.3% in 2023, the fastest since 2018, according to Reuters calculations based on the RBI's House Price Index.

Teachers at Head Start child care centers are paid far less than public school teachers, even though they have similar credentials

₹1 apiece at Jan Aushadhi Kendras imply a significant rise in real living standards at relatively low household spending levels. Similarly, the impact of prominent schemes such as the Swachh Bharat Mission, Ayushman Bharat and PM-Awas Yojana in directly improving the living standards of Indian households could be interpreted as a (notional) rise in consumption expenditure, especially for the lower fractiles.

Every time farmers agitate in Delhi to cut a deal with the government, I wait for a slew of comments that say the “real issue" is that “farming is unremunerative." This is said by those who have compassion for farmers and also those who dismiss their demands. What they mean, in modern parlance, is that farming has a bad revenue model. If the world’s most popular consumer behaviour, eating, cannot make food production “remunerative," it makes me wonder what exactly is lucrative.

ALSO READ: Dr Harsh Vardhan quits politics: Former Health Minister returning to his ENT clinic at Krishna Nagar While in 2014, Dr Vardhan secured 4,37,938 votes, compared to Aam Aadmi Party's Astutosh, who received 3,01,618 votes. Citing the reasons for bidding farewell to the political arena, Harsh Vardhan said he looked forward to returning to his roots as an ENT specialist and would begin his practice at Krishna Nagar. "I move on, I really can’t wait.

By Marcela Ayres and Christian Kraemer

rural poverty declining to 7.2% from 25.7% in 2011-12 and urban poverty down to 4.6% from a decade ago period, according to the new Household Consumption Expenditure Survey data. SBI Researchers estimated the new poverty line or the basic level of consumption required was Rs 1,622 for rural areas and Rs 1,929 for urban areas. “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis point decline post pandemic….This indicates that many

₹789 and ₹967 respectively. The Fact sheet indicates that rural and urban inflation from 2011-12 to 2022-23 recorded compounded annual rates of 5.7% and 5.6%, respectively. Hence, rural and urban poverty lines for the HCES 2022-23 are ₹1,452 and ₹1,752 per capita per month, respectively.

₹1,430 back then to ₹2,008 now at 2011-12 prices (adjusted, i.e., for inflation), and in urban India, it went up from ₹2,630 to ₹3,510. At current prices, our rural MPCE was ₹3,773, and urban, ₹6,459 in 2022-23. Given the span of a decade-plus, the gains made have been slow, but there is no evidence of the stagnancy that some critics feared.

new approach to define the poverty line, to determine how many people cannot afford basic services, in the light of new consumption estimates, former chief statistician of India, Pronab Sen told ET. «We have new estimates (after the release of the Household Consumption Expenditure Survey 2022-23 on Saturday), and questions of applicability of older poverty lines will be raised by many,» Sen said, noting the need to revise poverty calculations. In India, the methodology for calculating poverty estimates was last devised in 2014 by an expert group headed by former Reserve Bank of India governor C Rangarajan after experts had raised concerns regarding the poverty line constituted by the Suresh Tendulkar-led committee as being too low. However, the government has since moved away from income-based poverty lines and uses a multidimensional poverty index, which considers a wider range of parameters besides income. The Household Consumption Expenditure Survey (HCES) is expected to start the debate on whether older committee reports can be taken as a benchmark, Sen said. The Rangarajan committee had recommended poverty lines of monthly per-capita incomes of ₹972 in rural areas and ₹1,407 in urban areas for 2011-12. Sen also noted that new consumption estimates have surprised many as the share of food in the overall consumer basket has not declined significantly.

Civil Society Organisations Sunday said that there is no mandate for the adoption of the proposed agreement on investment facilitation for development (IFD) which is being negotiated by a group of members of the World Trade Organization (WTO), led by China. A WTO decision of 2004 prohibits negotiations on investment facilitation and efforts are on to bring the issue in through plurilateral means. Around 130 members support the pact. The US, Sri Lanka and Pakistan are also not part of this proposed pact. India and South Africa have opposed it as it neither has the WTO mandate or its members’ consensus and cannot be brought to the formal process in the WTO.

consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. «This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been,» Subrahmanyam told reporters. «The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data,» he said.

consumption has narrowed, and Indian household spending on non-food items has risen, showed the results of Household Consumption Expenditure Survey (HCES) 2022-23 released on Saturday. Household spending increased 2.6 times in rural areas and 2.5 times in urban areas since the last survey, conducted in 2011-12. In 2022-23, average monthly per capita expenditure in rural areas was ₹3,773, compared with ₹6,459 in urban areas. The gap between urban and rural consumption has narrowed to 1.71 times in 2022-23 from 1.8 times in 2011-12. Urban consumption was nearly double of rural consumption in 2004-05.

By Nivedita Balu and Arasu Kannagi Basil

After years of refusing to expand Medicaid, some of Mississippi’s Republican leaders now say they are open to the policy

competes with care for those who have the most severe ones. Start with the idea that mental health has become a catch-all term. The sheer proportions of people who say they have a disorder is a red flag.

World Thinking Day can be traced back to 1926 when delegates from across the globe met at Camp Edith Macy in New York for the fourth World Conference of the World Association of Girl Guides and Girl Scouts (WAGGGS). At the end of the conference, the delegates unanimously decided to create a day dedicated to guides and girl Scouts, with the joint birthday of Lord Baden-Powell, founder of the Scout and Guide movement, and his wife Olave.