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Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty , are those that raise, or are intended to raise, ways of enabling the poor to ...
The Foster–Greer–Thorbecke indices are a family of poverty metrics.The most commonly used index from the family, FGT 2, puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality and a popular choice within development economics.
The Gadgil Formula, though well-intentioned, did not achieve much success in reducing inter State disparities. For instance, Andhra Pradesh and Tamil Nadu, which came under the low income category at the time, received below average Plan assistance and Bihar and Uttar Pradesh, just managed to get Plan assistance equal to all the States’ average.
Moreover, it is designed to lift recipients out of poverty, rather than exclusively providing passive protection against contingencies . [4] social protection has rapidly been used in trying to reduce and ultimately eliminate poverty and suffering in developing countries (mostly in Africa), so to enhance and promote economic and social growth.
The government intends to reduce poverty by 10% during the 12th Five-Year Plan. Ahluwalia said, "We aim to reduce poverty estimates by 9% annually on a sustainable basis during the Plan period". Earlier, addressing a conference of State Planning Boards and Planning departments, he said the rate of decline in poverty doubled during the Eleventh ...
They detail a country's plan to promote growth and reduce poverty through implementation of specific economic, social and structural policies over a period of three years or longer. [ 7 ] [ 1 ] PRSPs provide lending organizations, like the World Bank and the IMF, assurance that aid receiving countries will utilize aid to pursue development ...
By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day. By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimension according to national department.
In 2016, the idea of a Universal Basic Income in India made huge news by taking up over forty pages in the 2016–2017 India Economic Survey [3] as a serious and feasible solution to India's poverty and a hope for the economy as a whole. In India, this was an idea that has been discussed for decades in both the public and private spheres.