Innovative Financial Advisors Pvt Ltd. (Fiinovation) – Being Hunger Free

Posted on by abcsenior

As ample as 870 million, which is 1/8th of the world’s population live in extreme hunger and poverty and survive on less than USD 1.25 a day. More Homo sapiens are killed by Hunger than AIDS, malaria and tuberculosis combined. Millions of women, men and children die every year because of chronic persistent hunger – approximately two million are children.

The World Want Day seeks to encourage citizens in both the developed and developing countries to show their solidarity and support to enable 870 million canaille to end their hunger and poverty and lead a sustainable life. Poverty is negative something which is inventive for the people from world. Chosen of the prosperity development goals is eradicate poverty by 2015. India is estimated to endure 33% of the world’s poor. As much as 32.7% of Indians are servile the penury line while 68.7% survives on less than USD 2 by day. The govt. schemes which are working towards tackling poverty are Jawhar Gram Samridhi Yojna, Integrated Rural Development programme, National Old Age Pension Scheme (NOAPS), National family Benefit Scheme (NFBS), Rural Housing-Indira Awaas Yojana (IAY), National Maternity Benefit Scheme, ANNAPURNA, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

Something which is new is Food security and its concussion on livelihood of the farmers. The food security bill which promises to alleviate extreme hunger and guarantees very cheap food to India’s poor but there are concerns about its formulation and sustainability. 5kg in total of rice, wheat, pearl millet and sorghum (a cereal) will be provided to 67% of entire Indians almost covering everybody under USD 2 per day. Pregnant women and children under the age of 16 will be targeted mainly through this bill which is positive as it’s includes those who are really needy of nutritious food. However, the costs incurred due to this will be 0.8% to 1.1% of GDP. This is a intense increase in a stately where the government does not have effective resources as it is.

The impact on livelihood is definitely a concern which can’t be over looked upon. The menu which will breathe available at economical prices will misrepresent the market and farmers who can’t sell their produce to the government-assured lineup will lose out on the open market because prices will breathe forced down. So, they might get bite at a low value but they won’t earn much from their produce. This trend is not good for the farmers in India who face severe problem in marketing their crop evoke after harvest due to lack of remunerative prices for the end-products. Several times, the farmers are forced to opt for distress sale leaving them in a vulnerable reservation due to poor market prices. It is awkward that some section of farmers’ are vulnerable to higher cost of cultivation accompanied alongside the unreasonable market prices. Globalization has brought openness in trade, but it could prohibition ensure win market prices. Hence there is a need to regulate the marketing policies of the dagan sector for the prosperity of the farming community, which is much more impactful measure to ensure food security in India.