DON'T EXAGGERATE POVERTY
Article Abstract:
A study of the survey conducted by the National Council for Applied Economic Research reveals that the actual poverty in India is far less than those shown by the official poverty figures. The survey, which covered 3 lakh Indian households, showed that the low-income families (earning below Rs12,500 per annum at 1989-90 prices) own many durables like TV sets and watches. Moreover, the proportion of the families owning these durables have also been increasing. The study revealed that the low-income households owning bicycles rose to 40.77 percent during 1995-96 (32.72 percent in 1989-90). While the ownership of mechanical watches has risen to 59.71 percent (40.37 percent), that of black and white Tvs has gone up to to 11 percent (4.52 percent). The ownership of expensive durables by the poor families with a very low base, has risen to 0.89 percent in case of colour TVs (0.69 percent) and to 0.72 percent for mopeds (0.62 percent). The rise in the ownership of durables by the low income group shows that the poor in India are not permanently underprivileged. Lack of good monsoon push even the non-poor people below the poverty line. The official data does not differentiate between temporary and permanent poverty and thus overstates the poverty levels. (ag)(psr)
Comment:
A study of the survey conducted by the National Council for Applied Economic Research reveals that the actual poverty in India is far less than those shown by the official poverty figures.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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UB TO GET BRAND VALUED
Article Abstract:
The UB group plans to take up valuation of its core brands through reputed international valuers who are familiar with the group's alcohol brands. In the beer market, UB has a share of 40 percent and in Indian made foreign liquor segment it has 35 percent share. In the first quarter of 1999, the group plans to set up a modern distillery near Chennai on a contractual basis through Balaji group. Another distillery will come up in Punjab at a cost of Rs25 crore. An investment of Rs20 will be made by McDowell in the next 18 months to modernise and upgrade its plants. (gsh)
Comment:
Plans to take up valuation of its core brands through reputed intnl valuers who are familiar with the group's alcohol brands
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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