Poverty In India Declines by 7%

March 20, 2012 8:57 am by

Decline in Poverty. The latest poverty estimates by the Planning Commission show that poverty in India has declined by 7.4 per cent. According to new data, 29.8 per cent or 360 million Indians were poor in 2009-10 as compared to 37.2 per cent or 400 million in 2004-05. However, the decline is based on a poverty line calculated at Rs22.43 per person per day in rural areas, and Rs28.65 per person per day in urban areas, which is lower than the earlier Rs32 a day mark. Uttar Pradesh, Assam, Meghalaya, Mizoram, Manipur and Nagaland were the only states where the number of poor increased. [The Times of India]

Licence To Fly. The Directorate General of Civil Aviation may consider cancelling Kingfisher’s flying permit as the airline is barely managing to operate half its daily schedule of 200 flights. From Tuesday, March 20, the Airports Authority of India will only allow Kingfisher to operate those flights for which it has paid. [Hindustan Times]

Arms Imports. According to the Stockholm International Peace Research Institute (SIPRI), India was the world’s largest arms importer between 2007 and 2011. India accounted for 10 per cent of global arms import during that period, followed by South Korea, Pakistan, China and Singapore. About 70 per cent of India’s total defence requirements have been imported. SIPRI also said that China now ranks as the sixth largest supplier of arms in the world. [DNA]