China is about to celebrate ten years of its infrastructure building Belt and Road Initiative BRI) a symbol of its rise as a global power and a defining feature of its foreign policy which it touts as its gift to the world it claims to have created more than 420,000 lakh jobs and lifted 40 million people out of poverty.
Poor and developing countries need to use their natural resources even if at unsustainable levels, because these are the only resources available for their sustenance. Many estimates have pointed out that nearly half of the worlds population ekes out a living from degraded resources like land and forests. In the future, these resources might not be able to sustain productive livelihoods. But there is no alternative
Discover the incredible progress India has made as 415 million people rise out of poverty in just 15 years.
A recent paper by the Brookings Institution’s Stuart M. Butler and Nehath Sheriff underlines the impact of the US’ Housing First program, which shows that providing stable housing can improve the efficacy of psychiatric and substance abuse treatment as well as aid in connecting individuals to social services.
The World Bank projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one per cent from its previous June 2022 projections, citing the deteriorating international environment.
Afghanistan is considered the worst place to be a child, as 4 million children are out of school and 2 million are working as child labourers, according to estimates by international organisations.
The Expert Group (Tendulkar) computed PL for 2004-05 at a level that was equivalent, in Purchasing Power Parity terms to Rs 27 for rural India and Rs 33 for urban India. Percentage of population below PL calculated by the Lakdawala Committee and the Tendulkar Committee for the year 2004-2005 appears. (see table above).
Credit is a powerful tool if it is used effectively and is made available to the creditworthy among the economically active poor ~ people with the ability to use loans and the willingness to repay them. But it has to be bundled with services such as training to maximise impact on livelihoods.
It is no secret that the poor are entrapped by money lenders with exorbitant rates of interest.
There has been a growing awareness among microfinance institutions that credit is certainly not transformative. Although certain people will be able to use microfinance to alter their future and build their businesses, that is not the case with the majority who receive a loan. Most are going to use it to smooth out their consumption.
