<div style="page-break-before: always; page-break-after: always;"><div style="page-break-before: always; page-break-after: always;"><p id="2">Amid rising food and energy prices in the wake of the Ukraine war as well as disruptions in supply chain, the paper &mdash; titled &lsquo;Addressing the Cost-of-Living Crisis in Developing Countries&rsquo; &mdash; has estimated that nearly 71 million people could be pushed into poverty with the Caspian Basin, Balkans and sub-Saharan Africa expected to see maximum impact. It has advocated targeted and time-bound cash transfers as an effective tool.</p><div style="page-break-before: always; page-break-after: always;"><p id="1">FM Nirmala Sitharaman told reporters that the government&rsquo;s intervention over the last three years, which included free foodgrains to the poor and cash transfers to the poor have helped mitigate the risk to the poor. &ldquo;Inflation in India will push 0% of the population below the poverty line of $1.9 a day, just 0.02% of those below $3.2 a day and 0.04% of those below $5.5 a day are seen at risk. The overall impact is negligible, according to the report,&rdquo; the FM said.</p><div style="page-break-before: always; page-break-after: always;"><p id="2">The study has used the distribution of per capita household income for benchmark and cost of living scenarios at three income levels &mdash; $1.9 a day (World Bank&rsquo;s standard for absolute poverty), $3.2 and $5.5. For vulnerability to poverty, the analysis uses a threshold of $13 a day.</p><p id="3">Based on its assessment, Pakistan &amp; Sri Lanka in South Asia are among countries likely facing high poverty impacts across all poverty lines. &ldquo;In these countries, around 3% of the population, on average, could fall into poverty,&rdquo; the report concluded.</p><p id="1"> </p>

India's Poor Face Low Inflation Risk: UN

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