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Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?

Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...

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Country's non-income-based poverty level has fallen over the past 10 years, shows new report

For long, economists have argued among themselves whether income should be the only criterion for measuring poverty. After all, in real life a person can face multiple deprivations, say, in terms of access to education, health and living standards, among others. The multidimensional poverty index (MPI), which offers a valuable complement to traditional income-based poverty measures, was first introduced in the 2010 Human Development Report (HDR). The MPI looks at...

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Poverty and inequality

KEY TRENDS   • According to the report entitled Global Multidimensional Poverty Index 2019: Illuminating Inequalities, the total number of poor people in India, who face multiple deprivations in education, health and living standards, has fallen by 271 million in the last one decade viz. from 640.6 to 369.5 million between 2005-06 and 2015-16. However, the population in multidimensional poverty has increased from 369.5 million in 2015-16 to 373.7 million in 2017...

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Three billion Asians could become affluent by 2050: Report by Sujorit Gupta

An additional 3 billion Asians could enjoy higher living standards, but only if Asia sustains its present growth momentum and addresses the challenges and risks facing the region, the Asian Development Bank (ADB) said in a new report on Wednesday. The draft report says that as the global economy's center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the...

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