Rural Poverty Falls In Orissa, Urban Poverty Rises In Gujarat

India’s ‘poverty rate’ has been debated ad infinitum ever since Montek Singh Ahluwalia, Deputy Chairman of India’s Planning Commission announced the fixing of the poverty line at Rs 26 per day for rural areas and Rs 32 per day for urban areas. Those behind the uproar argued that these limits were too low.   IndiaSpend’s … Continued

J&K, Maharashtra, Project Delay Culprits; Delhi, Goa Score

Jammu & Kashmir, Maharashtra lead the list of states where some 190 out of 555 Central projects with investment outlays of over Rs 150 crore have reported cost overruns of Rs 1,30,089 crore or 60.3%   The sectors which are the main culprits for these overruns are Railways, Power, Petroleum and Roads Transport and Highways. … Continued

India’s 10 Most Indebted States

Debt is not bad. Many firms raise large chunks of it in their growth and expansion phases. Some ease out of it with time. Others struggle. But while the stakeholders – banks, financial markets and shareholders – can technically put pressure on a firm to course-correct, it’s not the same or as simple with the … Continued

Poor Mr Narayana Murthy!

The bountiful state of Karnataka has some 13 million households as per the census rolls. It would stand to reason that poor families (who need subsidised food grain) constitute a percentage of this figure. Actually, the figure is over 100%. Put another way, there are almost 15 million households which classify as poor and thus … Continued