More on Ummid: International l National Regional l Politics Business Religion l History l Culture l Education

 

 

Israeli PM refuses to halt Jerusalem constructions

SC issues notices on worship restriction at Ayodhya

LJP MP Shabir Ali's suspension terminated

44 Institutions do not deserve to be Deemed Universities: Govt.

8 students for INTEL International Science & Engineering Fair

Cabinet approves 1000 model schools in educationally backwards

SAARC to sign pacts on environment, trade

IIT-Delhi’s virtual lab to teach live experiments

 

'Intelligence inputs claimed Babri Masjid could be demolished': A senior IPS officer, who was a personal security officer  .... Read Full

Israeli PM refuses to halt Jerusalem constructions

World not a paradise like Washington: Courtesy, US Foreign Policy: I was the last minute inclusion in the 3-member team that was visiting United States as part of the International Visitor Leadership Program sponsored ..... Read Full

   

Cabinet approves 1000 model schools in educationally backward blocks: The Cabinet Committee on Economic Affairs (CCEA) on Friday approved the setting up of 1000.... Read Full

Bombay or Mumbai, it’s the same, says Nandita: “What difference does it make whether you call it Bombay or Mumbai?” asks actress-filmmaker Nandita Das, who has moved to Mumbai after .... Read Full

PM pitches for urgent action to root out Naxalism: Against the backdrop of a string of Maoist attacks, Prime Minister Manmohan Singh on Wednesday pitched .... Read Full

Apex court gets it right in fourth attempt: Conceding it erred, the Supreme Court has released four Madhya Pradesh natives who were sent to jail by it in November 2008, in a 1991 murder-cum .... Read Full

   

 

Sarkozy to submit bill banning Islamic face veil: French President Nicolas Sarkozy on Wednesday ordered legislation that would ban women from wearing .... Read Full

Global Recession to leave additional 64 M in extreme poverty: The impact of global recession will force an additional 64 million people across the world to  .... Read Full

Reconsider plea of the Madrassa: Gujarat HC to the state: The Gujarat High court has directed the state education department to reconsider a madrassa's plea seeking permission to start class 8 in English medium .... Read Full

'Govt. sponsored welfare schemes need to be monitored': Government-sponsored welfare schemes need to be monitored so that the benefits  .... Read Full

Supreme Court can also make mistake, not once twice: Judges are also human, this fact has been amply demonstrated while trying to correct the mistake committed by a bench of the Supreme Court, the new bench .... Read Full

'Indian Muslims should vote for development, not fear': "India is most likely to become a modern nation because all the four pillars of modernity through Democracy, adult  .... Read Full

   

India on track to meet poverty reduction goal: World Bank

Friday, April 23, 2010 08:28:37 PM, Arun Kumar, IANS

100 million more Indians now living below the poverty line: India now has 100 million more people living below the poverty line than in 2004, according to official estimates released on Sunday. The poverty rate has risen to 37.2 percent of the population from 27.5 percent in 2004, a  .... Read Full

Global Recession to leave additional 64 M in extreme poverty

Washington: The global economic crisis has slowed the pace of poverty reduction in developing countries but the number of poor in India is falling, says a new report

According to the World Bank Group and International Monetary Fund report, the economic crisis is also hampering progress in several key areas of the Millennium Development Goal (MDGs).

These include those related to hunger, child and maternal health, gender equality, access to clean water, and disease control.

The global economic crisis will continue to affect long-term development prospects well beyond 2015, says the Global Monitoring Report 2010: The MDGs After the Crisis.

As a result, 53 million more people will remain in extreme poverty by 2015 than otherwise would have, says the report released Friday ahead of the two-day Bank-Fund meetings over the weekend.

Even so, the report projects that the number of extreme poor could total around 920 million five years from now, marking a significant decline from the 1.8 billion people living in extreme poverty in 1990.

Based on these estimates, the developing world as a whole is still on track to achieve the first MDG of halving extreme income poverty from its 1990 level of 42 percent by 2015.

In India, the number of such people living on less than $1.25 a day is expected to go down from 435 million or 51.3 percent in 1990 to 295 million or 23.6 percent by 2015 and 268 million or 20.3 percent by 2020.

Both the 2008 food price crisis and the financial crisis that hit that year have played a role in exacerbating hunger in the developing world.

The critical MDG target of halving the proportion of people suffering from hunger from 1990 to 2015 appears very unlikely to be met as over a billion people struggle to meet basic food needs, the report says.

“The financial crisis was a severe external shock that hit poor countries hard. Its effects could have been far worse were it not for better policies and institutions in developing countries over the past 15 years,” said Murilo Portugal, IMF deputy managing director.

“The crisis in the developing world has a potentially serious impact in everyday life since the margin of safety for so many people is so slim in even the best of times.”

Spurred by recent strong performance in emerging economies and the recovery of global trade, GDP growth in developing countries is projected to accelerate to 6.3 percent in 2010, up from 2.4 percent in 2009, according to new IMF projections contained in the report.

Global output, meanwhile, is projected to increase to 4.2 percent this year, reversing a decline of 0.6 percent in 2009. But the recovery is still fragile, with implications for the MDGs.

“While the MDGs are still within reach in certain regions and countries, we know from past crises that human progress - whether in terms of income, nutrition, health or education - tends to decline sharply in bad times, while recovery in good times takes much longer,” said Justin Yifu Lin, World Bank Chief Economist.


 

 

  Bookmark and Share

Home | Top of the Page

  Comment on this article

Name:

E-mail Address:

Write here...

 

 

 

 

 

 

 

 
 
 

Ummid.com: Home | Contact Us | Disclaimer | Terms of Use | About Us | Feedback

Ummid Business: Advertise with us | Careers | Link Exchange

Ummid.com is part of Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and condition mentioned.