Rangarajan committee report on poverty submitted
The report has been submitted to the Planning Commission and according to the latest estimates three out of ten Indians are poor.
The report said poverty was at 38.2 per cent in 2009-10 and then came down to 29.5 per cent in 2011-12.
The Rangarajan panel also raised the daily per capita expenditure to Rs 32 from Rs 27 for the rural poor, said reports.
Taking note of the various points of views and perspectives expressed in the public domain with respect to the need to revisit poverty estimates and related methodologies, the previous Government had decided to set up an Expert Technical Group to revisit the methodology for estimation of the poverty and identification of the poor.
The Technical Group comprising of eminent economists under the Chairmanship of Dr. C. Rangarajan who was then Chairman, Prime Minister’s Economy Advisory Council.
The aim of the committee was "to comprehensively review the existing methodology of estimation of poverty and examine whether the poverty line should be fixed solely in terms of a consumption basket or whether other criteria are also relevant, and if so, whether the two can be effectively combined to evolve a basis for estimation of poverty in rural and urban areas."
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