• UGI USER
  • Feb 27, 2024
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NSSO CONSUMER SURVEY INDICATES POVERTY DOWN TO 5 PER CENT:NITI CEO:

Why in the news?

  • The National Sample Survey Office (NSSO), indicating a significant reduction in poverty to 5% nationwide.
  • NITI Aayog CEO B.V.R. Subrahmanyam shared insights from the survey, highlighting the increasing prosperity in both rural and urban areas.

About Poverty Reduction:

  • NITI Aayog CEO B.V.R. Subrahmanyam highlighted that the latest NSSO consumer expenditure survey reveals a significant reduction in poverty to 5% nationwide.
  • The survey, conducted by the National Sample Survey Office (NSSO), indicates increasing prosperity in both rural and urban areas.
  • Per capita monthly household expenditure has more than doubled from 2011-12 to 2022-23, showcasing improved living standards.
About NSSO: National Sample Survey Office:

·     NSSO: National Sample Survey Office, founded in 1950.

·     Conducts surveys on socioeconomic, demographic, agricultural, and industrial topics.

·     Initially under Ministry of Finance, later transferred to Ministry of Planning, and now under Ministry of Statistics and Programme Implementation

About NITI Aayog

·     Established: January 1, 2015.

·     “NITI” translates to “policy” in Sanskrit.

·     Stands for “National Institution for Transforming India.”

·     Focuses on policy formulation and transformation.

·     Aims to guide and steer India’s development trajectory.

·     Advisory Think Tank, not constitutional.

·     Secretaries appointed by the Prime Minister.

·     Prioritizes ‘Bottom-Up’ planning approach.

·     Lacks authority to impose policies or allocate funds.