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  #1  
Old September 21st, 2011, 12:02 AM
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Exclamation All you need is Rs. 25 a day to be rich in India !

Going by this statistics , i guess we are all millionaires and billionaires.

Is Rs. 25 all that you need for a day?


In a startling affidavit before the Supreme Court, the Planning Commission has said an individual income of just Rs. 25 a day constitutes adequate “private expenditure on food, education and health.”

The affidavit, submitted on Tuesday, bases its assertion on the findings of the Suresh Tendulkar Committee, which pegged the poverty line at Rs. 447 a month, or about Rs. 15 a day, at 2004-2005 prices.

Experts reacted with dismay to the affidavit. National Advisory Council member Aruna Roy said it reflected the government's lack of empathy for the poor. “This extremely low estimated expenditure is aimed at artificially reducing the number of persons Below the Poverty Line and thus reduce government expenditure on the poor,” she alleged.

Planning Commission Member Abhijit Sen admitted that the affidavit did not answer what the court had asked for — clear criteria on who would qualify for subsidised foodgrains from the government.

“The poverty line figures in the affidavit are the ones arrived at by the Tendulkar Committee and the government has to accept those. But, I agree, this affidavit does not address the issue of who is entitled to a BPL card.”

In its affidavit, the Commission says the total BPL population now being served by the Public Distribution System is 35.98 crore. The Tendulkar Committee had called for that number to be revised to 40.74 crore, on the basis of the projected population on March 1, 2005.

However, the affidavit states the National Sample Survey Organisation (NSSO) data and provisional estimates “suggest that the total BPL population may be lower than what would have emerged from [the] Tendulkar [report].”

Commission sources said their affidavit relied on the NSSO and Tendulkar Committee findings, and did not make any independent claim.

The Committee said its “proposed poverty lines have been validated by checking the adequacy of actual private expenditure per capita near the poverty lines on food, education and health by comparing them with normative expenditures consistent with nutritional, education and health outcomes.”

N.C. Saxena, another NAC member, felt that “although the Planning Commission has only quoted NSSO's survey statistics, it could have been more sensitive.”

The affidavit was filed in response to the May 14 court order advising the Commission to update its BPL norms to reflect prices as on May 2011. The court had observed that it was impossible for an individual in an urban area to consume 2,100 calories with Rs. 20 and 2,400 calories with Rs. 15 in rural area, the figures in the Tendulkar report.

The Commission, however, said “final poverty lines following Tendulkar Committee [report] will be available only after completion of the 2011-12 NSS Survey and these will vary from State to State because of price differentials.
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Old September 21st, 2011, 08:03 AM
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Re: All you need is Rs. 25 a day to be rich in India !

The figure was Rs. 32 a day in print edition.

Also there is a difference between RICH and being ABOVE POVERTY LINE. The figure of Rs. 32 is for defining poverty line.

A ridiculous figure nonetheless. Many ppl spend 50 bucks for one way commute to office..
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Old September 21st, 2011, 08:05 AM
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Re: All you need is Rs. 25 a day to be rich in India !

Kalanithi looks like Dayanidhi sans mustache. reminds of sanjay kapoor and anil kapoor pair.
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Old September 21st, 2011, 08:35 AM
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Re: All you need is Rs. 25 a day to be rich in India !

Quote:
Originally Posted by PeaceSeeker View Post
Kalanithi looks like Dayanidhi sans mustache. reminds of sanjay kapoor and anil kapoor pair.
Maran bole to ?? Maarne wala ya phir Marwane wala ??
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Old September 21st, 2011, 10:39 AM
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Re: All you need is Rs. 25 a day to be rich in India !

Another related article

The Union Cabinet gets healthier


Air India might not be doing as well we'd like it to. But the braveheart who flew it fearlessly into dense clouds of debt is doing okay. Praful Patel (who no longer holds the aviation portfolio) added, on average, over half a million rupees every day to his assets in 28 months between May 2009 and August 2011. This might be an understated figure since it is based on his own word. Ministers tend to be modest in these matters. But given the official data, the math is inescapable.
In his 2009 poll affidavit, Mr. Patel said his assets were worth over Rs.79 crore. Let's assume he listed all he had up to April 2009, the polls being in May that year. Compare that figure with the more than Rs.122 crore that the Prime Minister's Office (PMO) put up against his name online this month. Since this increase occurred in 28 months, my math says that averages over Rs.5 lakh a day. (I can add, though not at the speed of Mr. Patel.)
Air India, meanwhile, struggles to pay salaries to its employees. Mr. Patel adds more to his wealth every day than each of 40 per cent of the airline's employees earns in a year. So while the airline might get grounded, he flies high. As an ex-Board for Industrial & Financial Reconstruction (BIFR) chief said decades ago (of ailing private units): the sicker the units grew, the healthier the owners got. That crudely fits the state of the Indian poor in relation to their government. The worse off they become, the healthier the Union Cabinet gets. (Drag corporate bosses into the equation and it's more dramatic. But that's another story.) Patel was rewarded for services rendered. He was elevated to Cabinet rank as Minister for Heavy Industries and Public Enterprises.
The analysis of the Union Cabinet's assets, done as thoroughly as always by the Association for Democratic Reforms (ADR) and the National Election Watch (NEW), makes crisp reading. It's official. Trickle Down is passé. Lift Irrigation, sending flows gushing to the top, is in. The average asset worth of a union minister rose from Rs.7.3 crore to Rs.10.6 crore in those 28 months. Adding a modest million a month on average through 28 months.
Mr. Patel is the richest Union Cabinet member by far. But the DMK's Dr. S. Jagathrakshakan made a bold dash to fame. The Minister of State (MoS) for Information and Broadcasting's assets grew by 1,092 per cent to Patel's 53 per cent. According to the ADR's analysis, his assets went up from Rs.5.9 crore in 2009 to Rs.70 crore this year. But Patel, batting on 122, still tops the Cabinet Premier League. The DMK man might have worked up a scorching pace, but Patel's dug in for a good, long innings.
Meanwhile, the dashing youth brigade isn't doing too badly either. Young Milind Deora, MoS for Communications and Information Technology, almost doubled his assets between 2009 and 2011. He went from over Rs.17 crore to more than Rs.33 crore. Consider that his 2004 poll affidavit pegged his worth at Rs.8.8 crore. Adding almost a lakh every day on average for seven years and nearly quadrupling your assets in that time isn't so bad.
On the face of it, Deora has outclassed Agriculture Minister Sharad Pawar. Going by their declarations, Deora is two-and-a-half times richer than the mighty Maratha. He was richer than him even in 2009, but increased his assets by almost 90 per cent since then. Pawar failed to add even a paltry Rs.4 crore in the same time. Which means he clocks in at under Rs.12.5 crore, all told. A kindly account making the rounds in his home state is that Pawarsaheb was slightly confused over whether the declaration called for revealing his total asset worth or a statement of monthly income.
Another modest performer is Minister of Science & Technology Vilasrao Deshmukh. He's added a piffling Rs.1.73 crore since 2009. Mr. Deshmukh is also Minister of Earth Sciences. (A title seen in Maharashtra as jargon for Real Estate expertise.)
Otherwise, the cricket caucus in Dr. Manmohan Singh's team is doing well. Minister for Parliamentary Affairs and new IPL boss Rajeev Shukla added over Rs.22 crore in those 28 months to his total asset worth. That takes it from over Rs.7 crore in 2009 to more than Rs.30 crore this year.
It's not just serving ministers who are thriving, though. Nor are the upwardly mobile confined to the Centre. As always, the bulk of the Guinness Book stuff comes out of two of my ‘home states.' Maharashtra and Andhra Pradesh. (I have a third, actually: Tamil Nadu — which is where Jagathrakshakan comes from, so the scope for native pride is pretty large.) But let's turn to Andhra Pradesh. Y.S. Jaganmohan Reddy is not in power. This has not hampered his entrepreneurial march. In 24 months till April this year, he added well over Rs.357 crore to his just-under Rs.72 crore-figure of April 2009. This means he added on average over Rs.50 lakh every single day during this period. Considering he's been embattled on all fronts, this is no minor achievement. Now you know what the pundits mean when they speak of the dynamism of Generation Next in politics.
Only Chandrababu Naidu, alas, has grown poorer. The former Andhra Pradesh Chief Minister made public his asset worth in view of ‘the climate' ushered in by the Anna Hazare era. Mr. Naidu isn't even worth Rs.40 lakh. There is no immediate cause for concern over his livelihood though. His wife is worth almost Rs.40 crore. Yet, the relative picture is a microcosm of Andhra politics: Jagan on the rise, Naidu in decline. But while The Fates have not been kind to Mr. Naidu, his accountants have been more generous. His Jubilee Hill property (1,125 square yards, or over 10,000 square feet) shows up as worth no more than Rs.23.20 lakh. Now this is the costliest locality in Andhra Pradesh. So building a 10,000 square-foot home there, on that amount, argues great frugality. But wasn't it worth nearly Rs.9 crore in his 2009 poll affidavit? This time around Mr. Naidu gives us only the ‘cost of acquisition' and not the market value, since the latter ‘varies from time to time.'
There are, though, serious lessons to be learnt from all of this beyond the need for smart accountants. This insane rise in affluence and wealth is not just about ministers but about MPs and MLAs too. And leaders at all levels of the main political forces, particularly the Congress, the BJP and most ruling or big parties in the states. The number of crorepatis is up in Parliament and every State assembly. In Maharashtra, they went up from 108 in 2004 to 186 in 2009. Over three-fourths of the Union Cabinet are crorepatis. Much of their new wealth was acquired while in office.
Thanks to public anger and the persistence of the ADRs and NEWs, data on this comes more into the open. That is excellent. But all declarations must include what they paid as taxes. That would allow the public to make slightly better sense of the numbers. If you want transparency in public service, surely that should include having all their returns online, too. This would be a major reform, one amongst the many we badly need. Another is penalties for cheating. ADR shows us ministers whose declarations do not include 12 residential buildings they own.
We need to have a serious audit, starting with the wealth of the Union Cabinet. How do people make half a million rupees a day while in office? Remember most of them made the greatest additions to their wealth while ‘serving' the public. Surely we are owed answers on this. Mere disclosure of wealth is not enough. If it is so grotesquely large, we need to know how it was made.
In late April, the Planning Commission filed an affidavit before the Supreme Court defending a per capita expenditure of Rs.20 a day as a viable cut-off line for determining poverty in urban India. For rural India that was just Rs.15. They say they might give the Rs.20 figure a generous upgrade — all the way to Rs.25. Remember the report of the National Commission for Enterprises in the Unorganised Sector headed the late Dr. Arjun Sengupta? It recorded that 836 million Indians live on Rs.20 a day or less. How do our clubs of crorepatis represent these masses? Or do some start by doing so and lose anchor very quickly? How do we curb this? It's something to think about. So are the profound changes of the last 20 years that have made it so difficult for any but millionaires to contest elections, let alone win them.

http://www.thehindu.com/opinion/colu...cle2470835.ece




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Last edited by jeetiaf; September 21st, 2011 at 10:42 AM. Reason: added link to article
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  #6  
Old September 21st, 2011, 03:21 PM
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Re: All you need is Rs. 25 a day to be rich in India !

I am thinking they must have forgotten to put the units ... as in 32 crores or 32 lakhs or 32 thousand ..
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Old September 21st, 2011, 03:44 PM
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Re: All you need is Rs. 25 a day to be rich in India !

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Originally Posted by landyaBhai View Post
I am thinking they must have forgotten to put the units ... as in 32 crores or 32 lakhs or 32 thousand ..

zeros has no values... thats what they learnt in school.... begining or end ...they forgot to ask.
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Old October 2nd, 2011, 12:22 PM
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Re: All you need is Rs. 25 a day to be rich in India !

Montek meets PM on poverty line issue

PTI

Children begging at a traffic signal in Visakhapatnam. File photo












Amid a raging controversy over the Rs. 32 per capita per day poverty line definition, Planning Commission Deputy Chairman Montek Singh Ahluwalia met Prime Minister Manmohan Singh today and will clarify the panel’s stand on the issue on Monday.

Read on
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Old October 3rd, 2011, 12:28 AM
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Re: All you need is Rs. 25 a day to be rich in India !

Now, They are claiming Boy Wonder has 'forced' Planning Commission to think on the limit and they are now reconsidering to increase the limit
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Old October 3rd, 2011, 08:06 AM
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Re: All you need is Rs. 25 a day to be rich in India !

once i met an old beggar in pahadganj, he told me he makes nearly Rs 250/day, though NSSO might have noted down his income as Zero and apart from that not a single person gives right estimate of income to NSSO surveyors whose data is used by statisticians to estimate poverty line, while according to white income estimate Rs 32 seems correct but because of black economy, correct estimation is not possible

secondly govt is trying to decrease number of BPL people by adjusting poverty line

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Old October 3rd, 2011, 12:43 PM
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Re: All you need is Rs. 25 a day to be rich in India !

Quote:
Originally Posted by jeetiaf View Post
once i met an old beggar in pahadganj, he told me he makes nearly Rs 250/day, though NSSO might have noted down his income as Zero and apart from that not a single person gives right estimate of income to NSSO surveyors whose data is used by statisticians to estimate poverty line, while according to white income estimate Rs 32 seems correct but because of black economy, correct estimation is not possible

secondly govt is trying to decrease number of BPL people by adjusting poverty line

jeetIAF
There are some genuine cases like people making 100 Rs per annum in Kalahandi.
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Old October 3rd, 2011, 12:46 PM
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Re: All you need is Rs. 25 a day to be rich in India !

This discussion just shows that public memory is short. The definition of pverty line is nothing new. In the nineties it used to be some 40 rupees a month or so, low by then standards.

There was a big discussion in 1992-93 when PVN and MMS decided to bring down the poverty line. There was a beautiful cartoon by RK Laxman on it.

It is not suddenly that thius number came into being. It is just that some presswala decided to publicize it.
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Old October 3rd, 2011, 02:25 PM
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Re: All you need is Rs. 25 a day to be rich in India !

Quote:
Originally Posted by jeetiaf View Post
once i met an old beggar in pahadganj, he told me he makes nearly Rs 250/day, though NSSO might have noted down his income as Zero and apart from that not a single person gives right estimate of income to NSSO surveyors whose data is used by statisticians to estimate poverty line, while according to white income estimate Rs 32 seems correct but because of black economy, correct estimation is not possible

secondly govt is trying to decrease number of BPL people by adjusting poverty line

jeetIAF
Some of the homeless (jobless) sure do make far more than a hardworking person might. Just this afternoon I came across a person with a "homeless" little board talking on an iphone.
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