Rural Poverty Fell to Record Low of 4.86% in FY24: SBI Research Report
The New Indian Express Kannur|January 04, 2025
HIGHER consumption in the lowest 0-5% decile and government support programmes have significantly brought down poverty in India – both rural and urban – an SBI research report released on Friday said.
EXPRESS NEWS SERVICE @Mumbai

Rural poverty crashed to 4.86% in FY24 from a high level of 25.7% in 2011-12, while urban poverty dropped to 4.09% from 13.7% in the same period, the report noted.

In FY23, rural and urban poverty rates were 7.2% and 4.6%, respectively.

هذه القصة مأخوذة من طبعة January 04, 2025 من The New Indian Express Kannur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 04, 2025 من The New Indian Express Kannur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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The New Indian Express Kannur

MI Cape Town gain after rain

MI Cape Town took another step towards securing their first-ever SA20 playoffs spot after their match against Durban's Super Giants at Kingsmead was washed out here.

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1 min  |
January 23, 2025
The New Indian Express Kannur

ISL: Odisha FC fight back to sink 10-man Bengaluru FC

Odisha FC fought back to post a thrilling 3-2 win over Bengaluru FC in the Indian Super League in Bengaluru here on Wednesday.

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1 min  |
January 23, 2025
The New Indian Express Kannur

UCO Bank Q3 net income grows 27%

KOLKATA-based public sector lender UCO Bank has reported 27% growth in net income at ₹638.83 crore in the December quarter, buoyed by better asset quality, better margins and higher interest income as it sold more credit.

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1 min  |
January 23, 2025
The New Indian Express Kannur

Digital economy to touch 20% of GVA by 2030

INDIA'S digital economy is expected to grow almost twice as fast as the overall economy, accounting for nearly 20% of the Gross Value Addition (GVA) by 2030, according to a report prepared by the Ministry of Electronics and Information Technology in collaboration with Indian Council for Research on International Economic Relations.

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1 min  |
January 23, 2025
The New Indian Express Kannur

Control of Rafah crossing will stay with Israel

ISRAEL said it will maintain control of the Rafah border crossing between Egypt and the Gaza Strip during the first phase of the ceasefire with Hamas.

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1 min  |
January 23, 2025
The New Indian Express Kannur

China Commissions New-Gen Frigate as Competition Rises

CHINA's navy commissioned a new-generation frigate as competition rises with the US and other regional powers, saying the ship will \"play a vital role in enhancing the overall combat effectiveness\" of its forces.

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1 min  |
January 23, 2025
The New Indian Express Kannur

Harry settles tabloid suit after Murdoch apology

Prince Harry claimed a monumental victory on Wednesday as Rupert Murdoch's UK tabloids made an unprecedented apology for intruding in his life over decades and agreed to pay substantial damages to settle his privacy invasion lawsuit.

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1 min  |
January 23, 2025
The New Indian Express Kannur

HDFC Bank net profit up 2.2% in December quarter

DESPITE a sharp deterioration in the asset quality in its agri book, HDFC Bank has reported steep numbers, earning ₹16,736 crore in net income for the December quarter, up 2.2% year-on-year.

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1 min  |
January 23, 2025
The New Indian Express Kannur

Father-son duo arrested for murder of relative at Sreekandapuram

The victim was fatally struck on the head with a rice stamper during a confrontation

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1 min  |
January 23, 2025
The New Indian Express Kannur

2 Workers Die While Cleaning Septic Tank

TWO sanitation workers from the Dalit community are believed to have died from asphyxiation while cleaning a manhole in Patdi taluka, Surendranagar district.

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1 min  |
January 23, 2025