The group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground.
Expectations the Brics – Brazil, Russia, India, China and South Africa – would come up with a collective plan to offer support and help to debt-crippled European nations were high as their top finance officials met in Washington this week.
Looks like it is now the turn of the Europeans to go bowl in hand for aid and loans to China, India, Brazil, etc
The indians are pretending to be poor to hide their money from the taxman and also maybe to avoid contributing more money to bail out the sick European ecconomies.
It's all very confusing, estimates vary wildly between 32% and 77%.'The Planning Commission's submission to the Supreme Court last week, defining the poor to be those with daily spending not exceeding Rs 31 in urban and Rs 25 in the rural areas is politically and economically indefensible. Such a crude cut-off, derived from the Suresh Tendulkar Committee's methodology for estimation of poverty, raises questions over the official poverty ratio of 32 per cent for 2009-10 (which is based on the same methodology). It only confirms how the ‘Great Indian Poverty Debate' has been reduced to a bizarre ‘numbers game', with the World Bank pegging the poor at over 40 per cent in 2005 and another committee under the National Advisory Council member, N.C. Saxena, arriving at a figure of 50 per cent just before the Tendulkar panel released its report in late 2009. In the meantime, the Arjun Sengupta Committee reckoned the poor and ‘vulnerable' at 77 per cent of India's population. All of this may seem a bit comical, but for the fact that the joke is at the expense of the poor. For them, being officially entitled to below-poverty-line (BPL) status can be a matter of life and death, as it promises access to a host of welfare schemes from cheap grains at ration shops to subsidised housing under the Indira Awaas Yojana.This leads to the inescapable conclusion that abstract definitions of poverty lines must be done away with and replaced with more specific information reflecting the real living conditions of households. Take the findings of the 2001 Census: that 63.6 per cent of Indian households had no latrines and only 39 per cent had access to drinking water within their premises, or 52 per cent used firewood as cooking fuel and a mere 17.5 per cent LPG. There can be no better measures of backwardness, if not poverty. The 2011 Census numbers on these indicators are not yet out; once they are, we will get a more updated picture.' http://www.thehindubusinessline.com/opinion/editorial/article2487686.ece
70% of Indians are below the poverty line.......Where did you get this statistic???
Didn't seem that way to me at all......I visited India recently ...and I tell you....it's nothing like Slumdog Millionaire.
Yes, you do have the slums and all, but alongside you have these posh houses, luxury cars, along with domestic help and what not. I had a chance to visit some malls......branded items were flying off the shelf, families eating out in fancy restaurants. For a country that's supposed to be poor, it's rather strange.
I think India should stop getting aid. They can very well manage on their own.
European Nations looking for aid from Developing Countries .. wow .. !!Change of timesThese Developing countries need their resources for development themselves..
70% of Indians are below poverty line i.e earning less tha 3 Riyals a day.How India can help Europe ? Let India help our own people first.Any way, I treat your post as Sardarji joke?
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The indians are pretending to be poor to hide their money from the taxman and also maybe to avoid contributing more money to bail out the sick European ecconomies.
It's all very confusing, estimates vary wildly between 32% and 77%.'The Planning Commission's submission to the Supreme Court last week, defining the poor to be those with daily spending not exceeding Rs 31 in urban and Rs 25 in the rural areas is politically and economically indefensible. Such a crude cut-off, derived from the Suresh Tendulkar Committee's methodology for estimation of poverty, raises questions over the official poverty ratio of 32 per cent for 2009-10 (which is based on the same methodology). It only confirms how the ‘Great Indian Poverty Debate' has been reduced to a bizarre ‘numbers game', with the World Bank pegging the poor at over 40 per cent in 2005 and another committee under the National Advisory Council member, N.C. Saxena, arriving at a figure of 50 per cent just before the Tendulkar panel released its report in late 2009. In the meantime, the Arjun Sengupta Committee reckoned the poor and ‘vulnerable' at 77 per cent of India's population. All of this may seem a bit comical, but for the fact that the joke is at the expense of the poor. For them, being officially entitled to below-poverty-line (BPL) status can be a matter of life and death, as it promises access to a host of welfare schemes from cheap grains at ration shops to subsidised housing under the Indira Awaas Yojana.This leads to the inescapable conclusion that abstract definitions of poverty lines must be done away with and replaced with more specific information reflecting the real living conditions of households. Take the findings of the 2001 Census: that 63.6 per cent of Indian households had no latrines and only 39 per cent had access to drinking water within their premises, or 52 per cent used firewood as cooking fuel and a mere 17.5 per cent LPG. There can be no better measures of backwardness, if not poverty. The 2011 Census numbers on these indicators are not yet out; once they are, we will get a more updated picture.' http://www.thehindubusinessline.com/opinion/editorial/article2487686.ece
70% of Indians are below the poverty line.......Where did you get this statistic???
Didn't seem that way to me at all......I visited India recently ...and I tell you....it's nothing like Slumdog Millionaire.
Yes, you do have the slums and all, but alongside you have these posh houses, luxury cars, along with domestic help and what not. I had a chance to visit some malls......branded items were flying off the shelf, families eating out in fancy restaurants. For a country that's supposed to be poor, it's rather strange.
I think India should stop getting aid. They can very well manage on their own.
European Nations looking for aid from Developing Countries .. wow .. !!Change of timesThese Developing countries need their resources for development themselves..
70% of Indians are below poverty line i.e earning less tha 3 Riyals a day.How India can help Europe ? Let India help our own people first.Any way, I treat your post as Sardarji joke?
capitalism is in crisis. Here comes Depression no 2.
The only constant in this world is CHANGE...
Every dog has his day
The New World Order :O)
Yeah the clock never stop ticking..so it changes.. :p
Oh well,life is indeed a rolling wheel.:) but i want to be at the roof top all the time..