'Global Estimate of Children in Monetary Poverty: An Update', notes that sub-Saharan Africa, with its limited social safety nets, accounts for two-thirds of children living in households that struggle to survive on an average of USD 1.90 a day or less per person the international measure for extreme poverty, while South Asia accounts for nearly a fifth of these children.
In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labour, skills and innovation to move into new businesses and sectors, World Bank Group President David Malpass said.
Successive governments have continued to overlook the vulnerability of India’s informal urban workforce and the situation this workforce finds itself in. The current crisis, however, presents an opportunity to modernise India’s social safety net
Xi Jinping would not want Li Keqiang, who has experience in tackling the 2009 H1N1 virus outbreak, to garner an image as the hero of the current COVID-19 crisis. This is why Xi’s allies are picking holes in Li’s call to revive the stall economy
The research by King's College London and the Australian National University points to poverty increasing dramatically in middle-income developing countries, where millions of people live just above the poverty line.
Secretary-General Guterres warned that unless immediate action is taken, it is increasingly clear that there is an impending global food emergency that could have long-term impacts on hundreds of millions of children and adults.
In fighting the pandemic and its long-term effects, India must use the strength of its close to 1,000 universities, 40,000 colleges and 1000-plus stand-alone institutions of higher learning
"The pandemic and shutdown of advanced economies could push as many as 60 million people into extreme poverty -- erasing much of the recent progress made in poverty alleviation,” World Bank President David Malpass told reporters during a conference call on Tuesday.
Following the COVID-19-induced economic disruptions, up to 135 million jobs could be lost and 120 million people might be pushed back into poverty in India
Along with efforts to create a national-level database of workers in the unorganised sector, their economic and social well being in the near future must be protected
The report released by the Nairobi-based charity ahead of next week's International Monetary Fund (IMF)/World Bank annual meeting calculated the impact of the crisis on global poverty due to shrinking household incomes or consumption.
The International Labour Organization (ILO) in its report titled 'ILO Monitor 2nd edition: COVID-19 and the world of work', describes coronavirus pandemic as "the worst global crisis since World War II".
"What is the importance of the USD 5 trillion economy? We are USD 2 trillion economy. When we achieve the size of USD 5 trillion, production in the country will be around USD 3.5 trillion. If production reaches USD 3.5 trillion, we will be able to eradicate poverty from the country," the former MoS for Finance said.
The president hosted a conference of 46 heads of central universities and institutes of higher learning in the fields of agriculture, pharmaceuticals, aviation, footwear-design, fashion, petroleum and energy, maritime studies, planning and architecture and information technology.
If there is a hung assembly in Jharkhand, there would be considerable jockeying for winning post-poll allies — and in that event the BJP is not necessarily at a disadvantage.
A media report cited the latest consumption expenditure survey by the National Statistical Office (NSO) to claim that consumer spending fell for the first time in more than four decades in 2017-18, primarily driven by slackening rural demand.
"Odisha's transformative initiatives and policies have resulted in the sharpest drop in poverty, about 25 per cent, bringing millions out of poverty in last two decades," the chief minister said.
Daitari Nayak (75), says people are not giving him any work as they think manual labour is below his dignity after he was awarded the Padma Shri.
The government makes every effort to save consumers from price rise, but does little to help farmers when commodity prices fall.
Is India in danger of becoming a plutocracy? When increasingly a wealthy minority decide the policies that govern a poor majority, whose interests will it reflect?
More than 21 percent of India's 1.3 billion people lived on less than $1.90 a day in 2011, when the last census was taken, according to the World Bank.
Several commitments in the manifesto can alter the terms of trade in favour of farmers.
As Deng Xiaoping said, let some people get rich first
Rahul Gandhi on Monday announced that Rs 72,000 per year will be given as minimum income to poor families, benefiting around 25 crore people, if his party is voted to power in Lok Sabha polls, and asserted it will be the “final assault” on poverty.
For some, poverty is just an opportunity to click photos, Modi said, sharpening his attack on the Congress chief.