Page 6 - Poverty
Covid-19 can push 60 million into poverty, adopt comprehensive policies: WB
The scope and speed with which the Covid-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said
 "Covid-19 can push 60 million into poverty, adopt comprehensive policies: WB")
Covid-19 may push 86 mn children into household poverty by 2020-end: Report
The deadly virus has so far infected 5,695,290 people and claimed 355,692 lives globally, according to a tally by the Johns Hopkins University.
Needed: Global Risk Pooling Reserve Fund
According to the World Bank, 60 million people worldwide will fall back into extreme poverty as a result of the severe economic crisis unleashed by Sars-CoV-2
A "pineapple" a day keeps hunger at bay for a tribal colony in Kanyakumari
UK ceramic artist Kate Malone hit upon the idea to sell a not-so-high-priced item created with her signature style on Instagram to raise money to support a tribal colony in Kanyakumari
 "A \"pineapple\" a day keeps hunger at bay for a tribal colony in Kanyakumari")
Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations
'Covid, shutdown may push as many as 60 mn people into extreme poverty'
 "Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations")
The safe, secure, selfish urban class' response to migrant distress
You don't need to be on the highway to see a mile-long stream of people walking, abandoned by the cities they help build and run, every day, to see the distress
Coronavirus impact: Over 100 million Indians could fall below poverty line
Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress
 "Coronavirus impact: Over 100 million Indians could fall below poverty line")
Rising food insecurity: Tackling hunger during the coronavirus crisis
Food insecurity is on the rise as subsidised food distributed via govt-run ration shops is not easily available to everyone
 "Rising food insecurity: Tackling hunger during the coronavirus crisis")
Covid-19 economic fallout may push half billion people into poverty: Report
The devastating economic fallout of the pandemic is being felt across the globe," said Jose Maria Vera, Oxfam International Interim Executive Director
 "Covid-19 economic fallout may push half billion people into poverty: Report")
Poverty, health and social networks
Strengthening of social networks could help mitigate market and government policy failures by facilitating upward income/expenditure transitions
 "Poverty, health and social networks")
India's poverty rate slipped to 6.3% in FY18, says Surjit Bhalla
Bhalla is currently the executive director for India, Nepal and Bhutan at the International Monetary Fund (IMF)
 "India's poverty rate slipped to 6.3% in FY18, says Surjit Bhalla")
From riches to rags: Anil Ambani pleads poverty, says his net worth is zero
The 60-year-old is the brother of Mukesh Ambani, who's worth $56.5 billion and is the wealthiest man in Asia
 "From riches to rags: Anil Ambani pleads poverty, says his net worth is zero")
Banking sector under stress, govt can't bail it out, says Abhijit Banerjee
Banerjee also said that demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.
 "Banking sector under stress, govt can't bail it out, says Abhijit Banerjee")
Stanford's SEED programme training entrepreneurs to end global poverty
It is an opportunity for entrepreneurs to attend a year-long training conducted by the GBS staff
 "Stanford's SEED programme training entrepreneurs to end global poverty")
US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee
"If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources," Banerjee said in an interview in Stockholm on Saturday
Consumer spend sees first fall in 4 decades on weak rural demand: NSO data
In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years
 "Consumer spend sees first fall in 4 decades on weak rural demand: NSO data")
Development economics after the Nobel Prize
In a world of crushing inequality and aggregate demand stagnation, the new laureates bring some cheer in showing us that incremental changes pursued steadfastly can add up to a lot
 "Development economics after the Nobel Prize")
India halved its poverty rate since the 1990s: World Bank report
The country has achieved annual growth exceeding seven per cent over the last 15 years
 "India halved its poverty rate since the 1990s: World Bank report")
Poverty biggest problem in the world, says Abhijit Banerjee's mother
Although Abhijit likes to focus on data and has a passion for mathematics, which Nirmala puts it, is logic explained in theories, the Nobel laureate has a liking to associate with people
 "Poverty biggest problem in the world, says Abhijit Banerjee's mother")
Inequality can be economically harmful, not just ethically distasteful
In the concluding part of the series, the author explores the variety of reasons why inequality can have serious inefficiency consequences
 "Inequality can be economically harmful, not just ethically distasteful")
