Poverty Financial News

International advocacy organization Global Citizen is turning to Gen Z and millennial leaders in its fight to reach the United Nations’ Sustainable Development Goals and end extreme poverty

A study has found more than 57% of Argentina's people are considered poor, the worst poverty level in 20 years

aayega toh Modi hi (Only Modi will retain to power)". Speaking at the BJP National Convention 2024 on Sunday, the Prime Minister said it's "surprising" to know he has already received invitations from foreign countries for events to be held after the after Lok Sabha polls. "...The elections are yet to happen but I already have invitations from foreign countries for July, August, and September.

Acharya Vidyasagar Maharaj breathed his last on Sunday at Chandragiri Teerth in Dongargarh in Chhattisgarh's Rajnandgaon district after undertaking 'sallekhna'. Sallekhna is a Jain religious practice involving voluntary fasting unto death for spiritual purification, a statement from the teerth said. Acharya Vidyasagar Maharaj attained Samadhi through 'Sallekhna' at Chandragiri teerth at 2:35 am, the statement said.

₹14,94,296 crore. The 2024-25 interim budget also saw an increase of 28.4% in the allocation for the social justice and empowerment ministry from the 2023-24 revised estimate. At the same time, we see that the total expenditure in subsidies fell in 2023-24 by 28.3% from the revised estimate of 2022-23.

ILO) said on Thursday. As per the data released by ILO, Save the Children and UNICEF, in low-income countries fewer than 1-in-10 children have access to child benefits, highlighting a significant disparity compared to the coverage enjoyed by children in high-income countries.

Guwahati: The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, drew a Lotus, the symbol of BJP, as part of the BJP Wall Painting program at the Jyotikuchi area in Guwahati. As part of this national campaign, the Party's senior leader joined enthusiastic party workers and common people to draw a lotus, where everyone cheered for ‘Ek Bar Phir Se Modi Sarkar.’

Lok Sabha on Saturday hailed the tenure as «historic» and recalled Article 370, triple talaq, Ram temple and the new Parliament building as the highlights. Poonam Mahajan, Mumbai North Central MP, said, «I feel blessed to be an MP in Prime Minister Narendra Modi's era. We can see things happening the way it was never before. The impact on social reforms, economic reforms and reforms with which we can take the farmers, youth and women forward. As many as 25 crore people have come above poverty line, which is the biggest achievement.» Asked what was the highlight when it comes to legislative business, she said, «Article 370 was abrogated. It was connected more with our hearts. Kashmir has suffered many years of bad politics of Congress. Triple talaq bill was about equality for women, that is what we are looking for.» «The past five years have been very good. Of course, travel was disrupted in between during COVID but still we managed and the session went on. It was very very successful. I was part of two Lok Sabhas — 16th and 17th. I met so many people and intellectuals… became friends beyond party lines and got to learn a lot. I liked being here,» Mathura MP Hema Malini said.

Congress on Saturday said the White Paper on the economy was brought by the government to hide the "dark truths" of this country and divert attention from the burning issues of unemployment, price rise, farmers' stress and the state of the economy. Speaking in the short-duration discussion on the White Paper brought by the government, Congress leader K C Venugopal alleged in Rajya Sabha that the government has used this as a defence for itself by diverting from the issues before the country. He also accused the government of using the Bharat Ratna award for political purposes, even though he welcomed the award to former prime ministers Narasimha Rao and Chaudhary Charan Singh and agriculture scientist M S Swaminathan. Venugopal asked why the finance ministry did not even mention the impact of demonetisation in the White Paper and why it does not make any mention of unemployment rate, poverty and rupee value in the White Paper on the Indian economy.

Narendra Modi said on Friday, asserting that the «curse of incremental thinking» had for long hampered India's progress till his government changed this mindset in the bureaucracy and the administration. He justified the White Paper on the decade-long Congress-led UPA government, saying if he had preferred political expediency over national interest, he could have brought this out much earlier but that would have created panic. Speaking at the ET Now Global Business Summit on Friday, Modi said he has been in the process of preparing the roadmap for his third term for the last 18 months and has taken feedback from over 1.5 million people till now. General elections are due to be held in April-May. «New Bharat will work at superspeed — this is Modi's guarantee,» he said.

A significantly large part of Finance Minister Nirmala Sitharaman’s interim budget speech last week was devoted to outlining the performance of the incumbent government. With general elections only months away, this was expected. And like a political speech, her delivery on 1 February highlighted an increase in the per capita income of Indians by more than 50% over the last decade, along with the government’s claim of about 250 million Indians having moved out of multidimensional poverty during the same period.

As against the money-metric approach used earlier, the Niti Aayog prefers to use poverty estimates based on the UNDP suggested multi-dimensional poverty index (MPI). Unlike the former that was based on consumption expenditure, the MPI uses a number of indicators on different aspects of well-being. The national MPI is based on data from the National Family Health Survey (NFHS), of which the most recent one available is for 2019-21 (and there are previous surveys for 2005-06 and 2015-16).

By Adam Jourdan

Narendra Modi launched several projects in Uttar Pradesh before the Lok Sabha elections. He emphasized that he initiates development, and it is the people who support him. Speaking at a gathering in Bulandshahr, he inaugurated and laid the foundation stone for development projects worth over Rs 19,100 crore.

Something unexpected happened at Davos this year. The conventional wisdom took some tentative steps toward the right. Since the financial crisis of 2008-09, the “global conversations" that take place among business, political and social leaders at the World Economic Forum each year have trended left.

₹330 trillion. In FY24, nominal GDP size was ₹296.6 trillion, as per the first advance estimate released in December. An email sent to a finance ministry spokesperson on Friday seeking comment was unanswered till press time.

₹2.67 lakh in a micro-factory to ₹3.16 crore in a mega factory. These regulations may be driving an irrational location of factories. Factories should ideally go where land prices are lower.

Narendra Modi on Friday while pitching for his third term, said that he is a Prime Minister who has delivered on all the promises made. Invoking the 'Modi guarantee', the Prime Minister linked the economy of the country with that of his government coming to power, saying that in his third term, the country would become one of the top three economies in the world.

Ayodhya Ram temple opening: The Maharashtra government has reportedlt declared a public holiday on the day of the inauguration of Ayodhya's Ram Mandir on January 22. A notice declaring the state-wide holiday was shared by news agency ANI on Friday. The Ayodhya Ram Temple's 'pran pratishtha' ceremony is set to take place with grandeur on January 22.

PM Modi gets emotional discussing PMAY-Urban houses completion in Maharashtra PM Modi is in Maharashtra's Solapur today where he laid he foundation stone of 8 AMRUT (Atal Mission for Rejuvenation and Urban Transformation) projects worth around ₹2,000 crore in the state. He kickstarted the distribution of 1st and 2nd installments to 10,000 beneficiaries of PM-SVANIDHI in the state during the programme.

NEW DELHI : India will not negotiate on any farm issue at the World Trade Organization (WTO) until the body finds a permanent solution to the issue of public stocks of foodgrains, a government official said, signalling a hardening of position ahead of the world body’s next ministerial meeting. India wants the matter settled as it prepares for the WTO’s 13th ministerial meeting in Abu Dhabi from 26-29 February. The ‘ministerial’ is the highest decision-making forum at the 164-member rule-setting body.