The media is accused of creating a controversy out of nothing by asking tough questions to policymakers and then quoting them selectively. A similar attempt was made with RBI Deputy Governor KC Chakrabarty. Asked whether the new poverty line was fair when inflation was running high, Chakrabarty cleverly dodged the question saying it was a relative measure. “Someone can be poor in the US but rich in India,” he said knowing full well that few journalists would understand the concept of purchasing power parity and its relevance in poverty measurement.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
Let us keep the records straight. Estimated proportion of the population below the international poverty line of PPP(Purchase Power Parity) $2/day, 2010(%), in select countries:
India 68.7
Bangladesh 76.5
Nepal 57.3
Pakistan 60.2
Sri Lanka 29.1
China 29.8
Indonesia 46.1
Thailand 4.6
The observation by RBI Deputy Governor still doesn't give any consolation for those who worry about the above pathetic position, despite 'economic growth' story.
Post a Comment