Page 4 - Poverty

Sense of urgency required to tackle climate crises, poverty: WB chief Banga

World Bank chief Ajay Banga on Thursday said a sense of urgency can be the only saviour for the world faced with a set of intertwined crises, including that of climate and poverty. "What we have is an existential climate crisis," the World Bank President said here during a session at the World Economic Forum Annual Meeting. "We cannot think about eradicating poverty without caring about climate. We cannot think about eradicating poverty without caring about healthcare. We cannot think about eradicating poverty without caring about food insecurity and fragility," he said. This is the reality and "we have a set of intertwined crises," Banga said and stressed that a "sense of urgency is our only saviour". According to him, 45 per cent of the World Bank financing will go towards climate efforts. In addition, the Bank has promised to connect 100 million people in Africa to renewable power by 2030, address a misalignment in funding to reduce methane emissions, help small nations absorb

Transparent system, people's participation led to poverty decline: PM Modi

Prime Minister Narendra Modi asserted on Thursday that a transparent system put in by his government, its honest efforts and emphasis on people's participation have led to nearly 25 crore people being lifted out of poverty in the last nine years. Nobody could have thought that poverty in India can decline but the poor has shown that it can be if they are given resources, he said in an address during a virtual interaction with beneficiaries of the 'Viksit Bharat Sankalp Yatra'. Citing a Niti Aayog report, which highlighted the decline in poverty numbers, Modi said India has presented a model to other countries in helping the poor and has drawn global attention. It is a very encouraging report, he said. Modi said the Yatra has met success beyond his imagination and his government is likely to extend its deadline beyond January 26 due to an increasing demand from the masses that the vehicles meant to publicise welfare schemes and enlist more beneficiaries should visit their places ...

In 9 years, 248 mn moved out of multidimensional poverty: NITI Aayog

The paper estimated that the share of multidimensional poor in the Indian population declined sharply to 11.28 per cent in 2022-23, from 29.17 per cent in 2013-14

Half of Afghanistan's population lives below poverty line: World Bank

World Bank Senior Economist Silvia Redaelli said: "We see that in terms of monetary poverty, we still have half of the population that in 2023 is consuming below the poverty line."

I don't have to read in books what poverty is: PM Modi in Madhya Pradesh

The Prime Minister said the extension of the free ration scheme is "guarantee of Modi".

Climate change may push up to 158.3 mn more women, girls into poverty: Rpt

''Investments in a comprehensive SDG stimulus package would help to mitigate this effect, reducing the number of women falling into extreme poverty from 158.3 million to 43.3 million"

Poverty surges across Pakistan with food, energy prices spike: World Bank

The report indicates that poverty has risen due to declining wages, reduced job quality, and the impact of high inflation on the purchasing power of people living in poverty, according to Dawn

Poverty in India eased in '21, but was above '18 level: World Bank data

World Bank data shows poverty shot up to 176 mn in 2019 from 152 mn in 2018

Australia provides $5 million aid to Afghanistan amid rising poverty

The agency stated in a press release on Sunday that Australia has contributed more than $5.1 million to the Afghanistan Humanitarian Fund

40% of Pakistan's population lives below poverty line: World Bank

The lender on Friday also revealed that poverty in Pakistan shot up to 39.4% as of last fiscal year with 12.5 million more people falling into the trap due to poor economic conditions

95 mn Pakistanis under poverty, urgent reforms needed: World Bank

Poverty in Pakistan shot up to 39.4 per cent as of last fiscal year, with 12.5 million more people falling into the trap due to poor economic conditions, the World Bank has said, as it urged the cash-strapped country to take urgent steps to achieve financial stability. The Washington-based lender on Friday unveiled draft policy notes that it prepared with the help of all stakeholders for Pakistan's next government ahead of the new election cycle, The Express Tribune newspaper reported. Poverty in Pakistan rose within one year from 34.2 per cent to 39.4 per cent, with 12.5 million more people falling below the poverty line of the USD 3.65 per day income level, according to the World Bank. About 95 million Pakistanis now live in poverty, it said. Pakistan's economic model is no longer reducing poverty, and the living standards have fallen behind peer countries, said Tobias Haque, the World Bank's lead country economist for Pakistan. The global lender urged Pakistan to take urgent ste

In 9 years, 135 mn rose above extreme poverty line: Rajnath Singh

The Defence Minister said that he believes there can be no other religion than humanity and that the Central government is working for people irrespective of their caste and religion

Chhattisgarh CM Bhupesh Baghel transfers Rs 2,000 cr to beneficiaries

Chief Minister Bhupesh Baghel on Sunday transferred Rs 2,055.6 crore into the accounts of beneficiaries as part of the Rajiv Gandhi Kisan Nyay Yojana (RGKNY) and other schemes

Mexico's poverty rate falls to 43.5% in 4 yrs as remittances almost double

The poverty rate in Mexico has declined from 49.9 per cent of the population in 2018 to 43.5 per cent in 2022, according to a study published Thursday by the country's poverty analysis agency. The study by the agency, known as Coneval, showed a decline in a key measure of poverty over the four-year period. The reduction means there were 5.7 million fewer people who reported incomes below the market basket for basics like food and clothing. It was unclear what was behind the reduction in poverty. President Andrs Manuel Lpez Obrador took office in December 2018, and since then has more than doubled the country's minimum wage. The minimum wage was equivalent to about $4.50 per day in 2018, and now buys about $12, in part due to the appreciation of the Mexican peso against the dollar. But remittances the money sent home by Mexicans working abroad have also almost doubled in the same period, going from around $33.5 billion in 2018 to an annual rate of about $60 billion in 2023, based

Multidimensional poverty estimates: Is India measuring poverty accurately?

Multidimensional poverty index measures poverty on the basis of parameters such as nutrition, child and adolescent mortality, and maternal health, among others

Urban migration twist in NITI Aayog's multidimensional poverty index

The MPI report also noted that of the 112 aspirational districts, barring Bijapur in Chattisgarh, all the other districts saw a decline in the share of people living under multidimensional poverty

135 million escaped poverty in five years, says NITI Aayog report

The report also highlighted that the Centre's welfare support during the peak of the Covid pandemic helped reduce the incidence of multidimensional poverty

135 mn people moved out of poverty in India in 5 years: Niti Aayog

As many as 13.5 crore people in five years ended March 2021 moved out of multidimensional poverty, measured by improvement in health, education and standard of living, with Uttar Pradesh, Bihar and Madhya Pradesh registering the fastest reduction, said a Niti Aayog report on Monday. India has registered a significant decline of 9.89 percentage points in the number of India's multidimensionally poor from 24.85 per cent in 2015-16 to 14.96 per cent in 2019-2021, according to the second edition of the National Multidimensional Poverty Index (MPI). While rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. "A record 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21," said the report 'National Multidimensional Poverty Index: A Progress Review 2023' released by Suman Bery, Vice-Chairman, Niti Aayog. The National MPI measures simultaneous ...

India saw significant decline in multidimensional poverty in 5 years: NITI

Uttar Pradesh recorded the steepest decline in the number of poor with 34.3 million people escaping multidimensional poverty, according to the report

135 mn Indians move out of multidimensional poverty in 5 years: NITI Aayog

India witnessed 13.5 crore people moving out of multidimensional poverty between 2015-16 and 2019-21 with fastest reduction in Uttar Pradesh, Bihar, Madhya Pradesh, Odisha and Rajasthan, a Niti Aayog report said on Monday. The report -- 'National Multidimensional Poverty Index: A progress of Review 2023' -- was released by Suman Bery, Vice-Chairman, Niti Aayog. "India has registered a significant decline of 9.89 percentage points in number of India's multidimensionally poor from 24.85 per cent in 2015-16 to 14.96 per cent in 2019-21," it said. The National MPI measures simultaneous deprivations across three equally weighted dimensions of health, education, and standard of living that are represented by 12 sustainable development goal (SDG) aligned indicators. The report said rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, while the urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. Providing multidimensional pove