Page 6 - Poverty

56 mn Indians may have turned poor in 2020 due to pandemic: World Bank

"The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed," Indermit Gill said.

India's support to poor during Covid remarkable, says World Bank president

India's support to the poor and needy during the COVID-19 pandemic crisis is remarkable, and other nations should adopt the Indian move of targeted cash transfer instead of broad subsidies, World Bank President David Malpass said on Wednesday. COVID-19 marked the end of a phase of global progress in poverty reduction. During the three decades that preceded its arrival, more than 1 billion people escaped extreme poverty. The incomes of the poorest nations gained ground, Malpass said in the forward to a study -- Poverty and Shared Prosperity Report -- released by the World Bank. The poorest people bore the steepest costs of the pandemic -- income losses averaged four per cent for the poorest 40 per cent, double the losses of the wealthiest 20 per cent of the income distribution. Global inequality rose, as a result, for the first time in decades, as per the report. Malpass in the forward to the report said the rise in poverty in poorer countries reflects economies that are more informa

Poverty has fallen, but social inequality in India has increased: Report

The Competitiveness Roadmap for India@100 showed that inequality in India has increased sharply since 2000 in contrast to most of the other countries in the world

Unemployment, poverty on rise as country's assets are being sold: Baghel

Chhattisgarh Chief Minister Bhupesh Baghel on Saturday claimed that the country's assets were being sold one by one, which has led to the rise in unemployment and poverty

Complete eradication of extreme poverty in Kerala in next 4 yrs: Minister

Kerala Minister for Local Self Governments and Excise MV Govindan announced that complete eradication of extreme poverty will be possible in Kerala within the next four years

WTO chief warns of 'bumpy' road as ministers work to reach deals

The WTO chief insisted that trade has lifted 1 billion people out of poverty, but poorer countries - and poor people in richer ones - are often left behind

Pandemic creates new billionaire every 30 hours: Oxfam at WEF summit

Covid-19 pandemic has seen one new billionaire emerging every 30 hours, while nearly one million people could be pushed into extreme poverty every 33 hours this year: Oxfam

Covid-19 pushed 55 mn Africans into extreme poverty in 2020: UN Report

Poor people with few assets, limited access to credit, informal employment and low wages were particularly severely hit by containment measures introduced during the pandemic

Aid delivery to Afghan people has not been efficient under Taliban: Report

The report informs that international humanitarian aid to the tune of USD 1.88 billion pledged since mid-2021 has not been distributed efficiently and more than half of all Afghans go hungry

Afghanistan gets over $760 mn in cash aid to fight poverty, food shortage

The aim of the international aid has been to prevent widespread poverty and food shortages in the country hit by a devastating humanitarian crisis since the Taliban takeover in August last year

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Should purchasing power parity of $3.2 be made India's formal poverty line?

Experts have some reservations about the methodology used to arrive at the number, and that the poverty figures under the existing PPP of $1.9 per person per day have been understated

One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief

IMF Managing Director Kristalina Georgieva said on Thursday that the Ukraine conflict will downgrade forecasts for 143 economies this year, which collectively make up 86% of the world's GDP

Extreme poverty in India fell sharply in 2011-19: World Bank paper

Rural decline steeper than in urban centres

Covid-19 plunged 77 million into poverty before Ukraine war: UN report

The pandemic plunged 77 million more people into extreme poverty last year and many developing countries can't recover because of the crippling cost of debt repayments

Govt taking steps to provide houses to every poor, says PM Modi

In a tweet Prime Minister Modi shared that more than three crore houses have been built under the PM Awas Yojana.

Myths and reality of microfinance

The size of loans and tenure of repayment can be increased. MFIs should also be allowed to give secured micro loans, depending on the end use and quantum, if we want to change the poverty landscape

Gaza Strip's population increases amid high poverty, unemployment

The coastal enclave of Gaza has witnessed a huge hike in population, which might be a bane rather than a boon for the overcrowded and besieged area

Ex-Starlink India head now plans a white paper on broadband, poverty

Sanjay Bhargava on Wednesday revealed that he now plans to write a white paper on how to ensure countrywide broadband access by 2023 and end poverty by 2030.

Poverty rate in Odisha to go down below 10% in next 5 yrs: CM Patnaik

Odisha Chief Minister Naveen Patnaik on Sunday said that the poverty rate in Odisha will be reduced below 10 per cent in the next 5 years,