State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).
The Planning Commission's de-linking entitlement benefits for the poor from the Suresh Tendulkar committee's recommendation on determination of poverty has left a big question mark on the number of beneficiaries to be covered under the proposed Food Security Act.
The 14-member task-force will develop a working definition of poverty.
The recent release of the updated index for comparing the value of currencies across countries - generally known as purchasing power parity, or PPP - will have far-reaching implications.
India could gain four times over by winding up dysfunctional subsidies.
'The Indian economy has been subsidised by the poor.'
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