Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows. While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data shows poverty shot up in India a year earlier in 2019 to 176.09 million from 151.79 million in 2018, the lowest pre-pandemic count. India's poverty rate at 11.9 per cent in 2021 also remained higher than the 2018 level of 11.09 per cent, though easing from 14.72 per cent in 2020.
The pilot scheme to develop satellite towns around seven mega cities will spill over to the 12th Plan period (2013 to 2018), as against the original deadline of April 2012.
Unidentified miscreants hurled a stone at the Chief Minister on Saturday night near Vivekananda School Centre in Vijayawada's Singh Nagar, which injured his left temple when he was canvassing for polls.
India is planning to soon sign new and updated mineral pacts with about a dozen countries in Africa. The Ministry of Mines is in discussions with Cte d'Ivoire, Democratic Republic of the Congo (DRC), Madagascar, Malawi, Mali, Morocco, Mozambique, South Africa, Tanzania, Zambia and Zimbabwe, Business Standard has learnt. Negotiations are ongoing with around a dozen countries, and more will be added to the list soon.
Renowned economist Arjun Sengupta and Congress Economic Affairs Secretary Jairam Ramesh are among the front-runners for the post of Deputy Chairman, Planning Commission, which fell vacant following the resignation of K C Pant.
The Planning Commission on Wednesday said that Rs 50,000-crore (Rs 500 billion) Infra Debt Fund for financing infrastructure projects will become operational by beginning of next fiscal.
The committee is expected to submit its report soon.
Prime Minister Manmohan Singh will preside over a full Planning Commission meeting on September 1 for the mid-term appraisal of the Eleventh Five-Year Plan period (2007-12).
A sudden downpour in Delhi caught citizens off guard and caused heavy waterlogging and traffic jams on Tuesday while Mumbai breathed a sigh of relief as showers stopped a day after heavy rain brought the metropolis to its knees.
Officials said as part of the reorganisation in the Commission, a move is afoot to strengthen the PEO with new roles, powers and jurisdiction.
The Planning Commission has favoured sustained efforts to hike public investment to achieve the desired 8 per cent economic growth for which the Centre could consider relaxing fiscal discipline.
Jagadish and Anukumar were taken into custody from the district headquarters town of Chitradurga by a team led by Deputy Superintendent of Police (DSP) Dinakar.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
Over the past eight months, a team of 80 people has been diligently working to harmonise operating procedures across four airlines run by the Tata group, as part of two mergers, revealed Campbell Wilson, Air India's chief executive officer (CEO), on Friday. The Tata group is consolidating its aviation business by merging four airlines into two: Air India and Vistara are merging to form a single full-service carrier, while AIX Connect and Air India Express are combining to create a unified low-cost carrier (as a subsidiary of Air India).
Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission made a presentation in which he pointed out the detailed process through which these targets were finalised and the high level of ambition they represent.
Besides, the economic growth in the January-March quarter last fiscal was at nine-year low of 5.3 per cent.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
While the coalition will not be unstable because of pressures, the effort from partners will be to constantly remind the central government and the BJP how much it is dependent on them.
India on Tuesday said cooperation in peaceful uses of nuclear technology is an important pillar of the multifaceted cooperation with Russia, which offered help in building small tropical nuclear power stations.
The government on Thursday said it would open up to 20 IIITs across the country in partnership with the industry, for which a sum of Rs 100 crore (Rs 1 billion) has been approved. Planning Commission member secretary Rajeeva Ratna Shah said the National Development Council (NDC) has approved setting up of the new IIITs, which will be co-funded by industry associations and other business houses.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
a nation should ensure that people are compensated adequately for their work by paying the minimum wage.
With 19 border polling stations along the Line of Control in Rajouri and Poonch, a contingency plan has been worked out to deal with cross-border shelling though chances are negligible given the ongoing ceasefire between India and Pakistan that came into effect in February 2021, officials said.
The Planning Commission is considering a hike in public sector investment in the farm sector to 4 per cent of agricultural gross domestic product towards the end of the 11th Plan (2007-12).
The 10th Five-Year Plan, which ended on March 31, has come close to achieving the growth targets set at the outset of the Plan by the Planning Commission.
The credibility of the examination system has also come under question, they said.
The MTA will now be placed before the National Development Council, highest policy making body in the country headed by Prime Minister Manmohan Singh.
An expert committee headed by Planning Commission member Narendra Jadhav is giving finishing touches to the proposals.
High profile economist Montek Singh Ahluwalia on Monday assumed charge as the deputy chairman of Planning Commission.
The CEOs, sources said, also discussed the steps to raise domestic production of coal.
However, 10 per cent economic growth rate does not seem feasible, Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters here, a day before full Plan panel is to meet under the chairmanship of Prime Minister Manmohan Singh.
'The BJP is not as mighty a political force in Odisha as it is made out to be.'
It is likely to have a similar tax efficient pass through status, for PPP and other infrastructure projects.
'Arithmetic could decide the Haryana election given the presence of multi-cornered contests.'
Admiral Dinesh Kumar Tripathi, who is a communication and electronic warfare specialist, on Tuesday assumed charge as the 26th Navy chief after incumbent R Hari Kumar retired from service.
Under a third of the target for power generating capacity in 2008-09 was met. What's worse is that just better management could have fixed things, says Mahesh Vyas.
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