Horrific Achhe Din: India 100th on hunger index; worse than Nepal, Bangladesh

Agencies
October 13, 2017

New Delhi, Oct 13: India has a “serious” hunger problem and ranks 100th out of 119 countries on the global hunger index — behind North Korea, Bangladesh and Iraq but ahead of Pakistan, according to a report.

The country’s serious hunger level is driven by high child malnutrition and underlines need for stronger commitment to the social sector, the International Food Policy Research Institute (IFPRI) said in its report.

India stood at 97th position in last year’s rankings.

“India is ranked 100th out of 119 countries, and has the third highest score 
in all of Asia — only Afghanistan and Pakistan are ranked worse,” IFPRI said in a statement.

“At 31.4, India’s 2017 GHI (Global Hunger Index) score is at the high end of the ‘serious’ category, and is one of the main factors pushing South Asia to the category of worst performing region on the GHI this year, followed closely by Africa South of the Sahara,” it added.

As per the report, India ranks below many of its neighbouring countries such as China (29th rank), Nepal (72), Myanmar (77), Sri Lank (84) and Bangladesh (88). It is ahead of Pakistan (106) and Afghanistan (107).

North Korea ranks 93rd while Iraq is at 78th position.

The GHI, now in its 12th year, ranks countries based on four key indicators — undernourishment, child mortality, child wasting and child stunting.

The report ranked 119 countries in the developing world, nearly half of which have ‘extremely alarming,’ ‘alarming’ or ’serious’ hunger levels.

“India’s high ranking on the Global Hunger Index [GHI] again this year brings to the fore the disturbing reality of the country’s stubbornly high proportions of malnourished children,” the statement said.

IFPRI pointed out that more than one-fifth of Indian children under five weigh too little for their height and over a third are too short for their age.

“Even with the massive scale up of national nutrition-focused programmes in India, drought and structural deficiencies have left large number of poor in India at risk of malnourishment in 2017,” said P.K. Joshi, IFPRI Director for South Asia.

However, he said that the on-going efforts are expected to make significant changes in improving the existing situation.

Mr. Joshi appreciated that India has developed and launched an action plan on ‘undernourishment free India’ by 2022. The plan shows stronger commitment and greater investments in tackling malnutrition in the coming years.

“As of 2015-16, more than a fifth [21%] of children in India suffer from wasting [low weight for height] — up from 20% in 2005-2006,” IFPRI said.

Only three other countries in this year’s GHI — Djibouti, Sri Lanka and South Sudan — show child wasting above 20%. India’s child wasting rate has not shown any substantial improvement over the past 25 years.

However, India has made considerable improvement in reducing its child stunting rate, down 29% since 2000, but even that progress leaves India with a relatively high stunting rate of 38.4.

Comments

Indian
 - 
Friday, 13 Oct 2017

No corruption itself is achhe din for me,..There may be incorrect decisions but govt is not sleeping , every day they take decision
This is achhe din for me

D'souza
 - 
Friday, 13 Oct 2017

Finally the voters deserve what they get. The bjp can easily inflame communal passions and is already nurturing its vote bank. It has now understood the arithmetic behind winning election. It won a brute majority with only 30 percent of votes. Now with a nonexistent opposition it might win more seats with lesser votes. The door buster sale of India will truly be over by them. One nation, one market.. for whom exactly? We all know it is for the corporates.

Kumar
 - 
Friday, 13 Oct 2017

Both Republic TV and NDTV are cheddi TV. They proved it many times

Unknown
 - 
Friday, 13 Oct 2017

Just 2 days back a media was showing how the GREAT INDIAN BANK LOOT took place under the previous UPA govt where state owned Banks were asked to disburse LOANS IN LAKHS OF CRORES and how corporates took advantage of this system.

Jay
 - 
Friday, 13 Oct 2017

Ha...This is what from day one of Modi his baiters have been telling ...some acting as though they voted and now changed mind ...are you guys serious about contesting Modi...give a good reason to change and show a better cleaner politician to depend on else this will be the same old story repeated even in 2024 ...

Rudresh
 - 
Friday, 13 Oct 2017

To those who are painting rosy picture , its not about Modi or BJP its about Indian Economy , we failed to take advantage of lower oil price for past three years . Just turn around and see how many children of friends and relatives who came out of college are jobless . Those who have graduated in last two years are struggling to find job and those who are already in job are looking scary . Is this not enough to understand how economy is doing ? Also look at the small businesses and see how they are impacted . RBI Governor escapes parliamentary committee meeting like a student escaping class exams .

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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News Network
January 2,2020

Tumakuru, Jan 2: Prime Minister Narendra Modi on Thursday paid respects to the 'Gadduge' (final resting place) of Shivakumara Swamiji at Siddaganga Math, a prominent Lingayat seminary here, and said the Swamiji's work would continue to inspire everyone.

The Swamiji, who was known as the 'Walking God' among his countless followers, had passed away last year at the age of 111. The Prime Minister, who arrived at the Yelahanka Airbase in Bengaluru, went directly to Tumakuru, where the Math is located, by a chopper along with Chief Minister B S Yediyurappa, Union Minister Pralhad Joshi and former Chief Minister D V Sadananda Gowda among others. Modi, after offering respects to the 'Gadduge', planted Bilva plant (Aegle marmelos) on the premises of the Math and also laid the foundation for the construction of a museum dedicated to Swamiji here before addressing the gathering, largely comprising students. Speaking on the occasion, Modi said he was feeling blessed to begin 2020 from the sacred land of Siddaganga, but at the same time was feeling the "vacuum" in the absence of Shivakumara Swamiji. "It is rare see the number of people swamiji had inspired during his life time. I'm really fortunate to lay the foundation for the museum in swamiji's memory. Through this museum, his works will continue to inspire generations," he said. Also, Prime Minister remembered Vishwesha Theertha of Udupi's Pejawar Math who passed away recently. Yediyurappa and the present pontiff of the Math Siddalinga Swamiji were among the others present. Known as "trivida dasohi" for his triple sacraments - food, shelter and education - among his followers, Shivakumara swamiji was considered as the incarnation of Basavanna, the 12th-century social reformer, as he accepted all irrespective of their religion or caste. There has been a growing clamour from people of different walks of life, including politicians, for conferring "Bharat Ratna" on the late Swamiji.

After the Swamiji's demise, the then Chief Minister H D Kumaraswamy had written to Modi urging him to confer the country's highest civilian order on the late seer.

Opposition Congress on Thursday questioned the Prime Minister about not conferring the"Bharat Ratna" on Shivakumara Swamiji.

Questioning Modi as to why he did not visit Tumakuru when Shivakumara Swamiji of Siddaganga Math passed away, the principal opposition party in the state assembly in a tweet also sought to know why the seer was not conferred with the Bharat Ratna yet, while pointing out that former Chief Minister Siddaramaiah had written a letter in this regard in January 2018.

The present seer of the seminary Siddalinga Swamiji presented Modi a silver statue of Shivakumara Swamiji as a memento.

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