Here is a new set of official statistics that can escalate the politically contentious debate on what constitutes the poverty line.
If average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty line would be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cut-off.
The figures, based on the 66th round of the National Sample Survey for 2009-10, provide a more realistic marker for estimating both the poverty line and the population below it than the Planning Commission's calculation of Rs 28.65 per capita per day for cities and 22.42 for rural areas.
The rural and urban all-India averages for monthly expenditure are Rs 1,054 and Rs 1,984 per person, respectively, and if these are projected on the expenditure-population curve, the population below this works out to 64.47% (rural) and 66.70% (urban). Official sources said the exercise was carried out as part of a study and is based on NSSO data largely available in the public domain. While the government is revising its parameters, the monthly averages might be a useful means of estimating where to draw the poverty line.
With almost all states showing more than 60% of populations below the monthly expenditure averages, the oft-repeated claim that 70% of India lives on less than $2 a day has a ring of truth in it.
..................
If average monthly consumption expenditure is taken as the benchmark of what an individual needs to survive, the poverty line would be Rs 66.10 for urban areas and Rs 35.10 for rural regions, while about 65% of the population will be below this cut-off.
The figures, based on the 66th round of the National Sample Survey for 2009-10, provide a more realistic marker for estimating both the poverty line and the population below it than the Planning Commission's calculation of Rs 28.65 per capita per day for cities and 22.42 for rural areas.
The rural and urban all-India averages for monthly expenditure are Rs 1,054 and Rs 1,984 per person, respectively, and if these are projected on the expenditure-population curve, the population below this works out to 64.47% (rural) and 66.70% (urban). Official sources said the exercise was carried out as part of a study and is based on NSSO data largely available in the public domain. While the government is revising its parameters, the monthly averages might be a useful means of estimating where to draw the poverty line.
With almost all states showing more than 60% of populations below the monthly expenditure averages, the oft-repeated claim that 70% of India lives on less than $2 a day has a ring of truth in it.
..................
The Food and Drug Administration on Friday approved a new impotence drug, Vivus Inc.'s Stendra.
The pill is intended to be taken 30 minutes before sex, but Vivus said that in clinical trials, some patients were able to have sex as little as 15 minutes after taking the drug. Pfizer Inc.'s Viagra is supposed to be taken at least 30 minutes before sex. The FDA said an estimated 30 million men have importance, or erectile dysfunction.
In clinical trials, the most common side effects of Stendra, or avanafil, were headache, redness of the face and other areas, nasal congestion, back pain, and symptoms similar to the common cold. Vivus said the drug shouldn't be taken more than once per day.
Vivus licensed Stendra from Japanese drugmaker Mitsubishi Tanabe Pharma. It has worldwide rights to the drug except for some countries in the Asia-Pacific region.
Vivus has said it is talking to potential marketing partners for Stendra, and may sell the drug outright to another company. Analysts said Friday they expect Vivus to sell Stendra to another drug company to help fund future sales of its experimental obesity drug Qnexa.
"Given the large market opportunity and the potentially differentiating faster onset of action, we believe that in the hands of big pharma Stendra is probably worth around $300 million," said Cowen and Co. analyst Simos Simeonidis.
Simeonidis said Vivus will need a partner to help sell Qnexa, and will turn to a large pharmaceutical company with experience launching major drugs. He said it's also possible that another company could buy Vivus.
Rodman and Renshaw analyst Michael King said Vivus could get as much as $100 million for the rights to Stendra. He estimated that U.S. sales could peak at $483 million in 2016. After that, he said sales are likely to fall because generic versions of Viagra and other drugs will reach the market.
Vivus is based in Mountain View, Calif. The FDA was scheduled to make a decision on Qnexa this month, but announced it is extending its review by another three months. It is now expected to make a ruling by July 17.
Shares of Vivus ended the session up 72 cents, or 3 percent, at $25.15. After-hours the stock picked up 40 cents to $25.55
The pill is intended to be taken 30 minutes before sex, but Vivus said that in clinical trials, some patients were able to have sex as little as 15 minutes after taking the drug. Pfizer Inc.'s Viagra is supposed to be taken at least 30 minutes before sex. The FDA said an estimated 30 million men have importance, or erectile dysfunction.
In clinical trials, the most common side effects of Stendra, or avanafil, were headache, redness of the face and other areas, nasal congestion, back pain, and symptoms similar to the common cold. Vivus said the drug shouldn't be taken more than once per day.
Vivus licensed Stendra from Japanese drugmaker Mitsubishi Tanabe Pharma. It has worldwide rights to the drug except for some countries in the Asia-Pacific region.
Vivus has said it is talking to potential marketing partners for Stendra, and may sell the drug outright to another company. Analysts said Friday they expect Vivus to sell Stendra to another drug company to help fund future sales of its experimental obesity drug Qnexa.
"Given the large market opportunity and the potentially differentiating faster onset of action, we believe that in the hands of big pharma Stendra is probably worth around $300 million," said Cowen and Co. analyst Simos Simeonidis.
Simeonidis said Vivus will need a partner to help sell Qnexa, and will turn to a large pharmaceutical company with experience launching major drugs. He said it's also possible that another company could buy Vivus.
Rodman and Renshaw analyst Michael King said Vivus could get as much as $100 million for the rights to Stendra. He estimated that U.S. sales could peak at $483 million in 2016. After that, he said sales are likely to fall because generic versions of Viagra and other drugs will reach the market.
Vivus is based in Mountain View, Calif. The FDA was scheduled to make a decision on Qnexa this month, but announced it is extending its review by another three months. It is now expected to make a ruling by July 17.
Shares of Vivus ended the session up 72 cents, or 3 percent, at $25.15. After-hours the stock picked up 40 cents to $25.55
A few weeks ago, I returned from a week-long technology-free vacation with my family. No computer, no phone, no email.
When I got to the office and checked my computer, I had hundreds of email messages waiting for me. I took a deep breath and started in on them. Three hours later, my inbox — a week's worth of messages — was empty.
Contrast that with my experience the next day, and each day after that, when I've spent well more than three hours each day on email. Some of that time involved back-and-forth emailing, but still, the difference is dramatic.
I've come to the conclusion that I use email to distract myself. Whenever I feel the least bit uneasy, I check my email. Stuck while writing an article? Bored on a phone call? Standing in an elevator, frustrated in a meeting, anxious about an interaction? Might as well check email. It's an ever-present, easy-access way to avoid my feelings of discomfort.
What makes it so compelling is that it's so compelling. I wonder what's waiting for me in my inbox? It's scintillating.
It also feels legitimate, even responsible. I'm working. I need to make sure I don't miss an important message or fail to respond in a timely fashion.
But it's become a serious problem. When we don't control our email habit, we are controlled by it. Everyone I know complains about email overload.
Email pours in, with no break to its flow. And like addicts, we check it incessantly, drawing ourselves away from meetings, conversations, personal time, or whatever is right in front of us.
But it's not just the abundance of email that's our problem — it's the inefficiency in how we deal with it. Each time we check our email on the fly, we lose time pulling out our phones, loading the email, reading new emails without taking action on them, and re-reading those to which we haven't yet responded. Then, back at our computers, we re-read them again.
It's rattling us. According to USA Today the number of lawsuits filed by employees claiming unfair overtime is up 32% since 2008. The major reason for the increase? Email on devices like smartphones is intruding on our personal time.
The solution, I believe, is hidden in my post-vacation email experience.
Instead of checking email continuously and from multiple devices, schedule specific email time during the day while you are at your computer. All other time is email vacation time.
We are most efficient when we answer email in bulk at our computers. We move faster, can access files when we need them, and link more quickly and easily to other programs like our calendars. Also, when we sit down for the express purpose of doing emails, we have our email heads on. We are more focused, more driven, wasting no time in transition from one activity to another.
I bulk process my email three times a day in 30-minute increments, once in the morning, once mid-day, and once before shutting down my computer for the day. I use a timer and when it beeps, I close my email program.
Outside my designated email times I don't access my email — from any device — until my next scheduled email session. I no longer use my phone for email unless I'm away from my computer all day.
When the urge to check arises — and it arises often — I take a deep breath and feel whatever feelings come up. And then I focus on whatever I'm doing, even if what I'm doing is waiting. I let my mind relax.
Here's what I've found: I don't miss a thing.
In fact, it's the opposite. I gain presence throughout my day. I am focused on what's around me in the moment, without distraction. I listen more attentively, notice people's subtle reactions I would otherwise overlook, and come up with more ideas as my mind wanders. I'm more productive, more sensitive, more creative, and happier.
I'm also going through my email faster and with more attention than before. I don't make those I'm-moving-too-fast mistakes like copying the wrong person or sending an email before finishing it or saying something hurtful. So I'm also more efficient.
But what if someone needs an immediate response? Worrying about that is precisely the kind of misguided rationalization that reinforces our addiction. I haven't angered anyone with my new process. In fact, I don't think anyone has noticed my mini email vacations because responding to an email within a few hours is perfectly reasonable. And, in the off chance that they need a response within minutes, they'll find another way to reach me, either by texting or calling.
Email is no longer an overwhelming burden to me. I'm spending an hour and a half a day on it, which for me is the right amount. You may need more or less time per day. Experiment and then schedule the appropriate time slots.
The hardest part is resisting the temptation to check during your off-email hours. My advice? When you have the urge to check your email, check yourself instead. What's going on for you? What are you feeling? Take a deep breath and relax into an undistracted moment.
For a brief moment in the middle of a hectic workday, it just might feel like you're on vacation.
View full article on the link
The Asia-Pacific Sovereign Seesaw: If Oil Prices Soar, Some Ratings Could Fall
Tensions in the Middle East are likely to keep oil prices elevated in the near future despite recent declines. Most observers don't expect the U.S.-Iran standoff to escalate into conflict. Even so, it has already begun to hurt economically. A widely expected weak year for economic growth now has the potential to worsen. A further large increase in crude oil prices would adversely affect most Asia-Pacific economies. If prices stay above US$150 for more than a year, some sovereigns in the region could be downgraded.
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In the era of digital payment systems, technology firms are competing to work out an easy electronic approach for payments. Walmart, the giant has work out the way to pay cash while shopping online. Customers who don't have credit cards or bank accounts may find it easier to pay cash of their online purchases at walmart.com
Walmart has set up a system to allow online shoppers to pay with cash. Pay With Cash allows customers without credit cards to choose from Walmart.com's extended catalogue of items, and pay for their purchase at a nearby store. Their order then ships. It's geared towards customers without bank accounts or insufficient electronic banking access--those who "rely on cash transactions, as well as those who are wary of using credit cards online," Walmart explains in a release. Walmart built the system in-house, Walmart.com CEO Joel Anderson told AllThingsD. That's a strategy that online stores employ in other parts of the world like India and China, where a chunk of the population is underbanked, and where customers are still wary of using cards online and prefer to pay for purchases after inspecting them in real life.
Walmart has set up a system to allow online shoppers to pay with cash. Pay With Cash allows customers without credit cards to choose from Walmart.com's extended catalogue of items, and pay for their purchase at a nearby store. Their order then ships. It's geared towards customers without bank accounts or insufficient electronic banking access--those who "rely on cash transactions, as well as those who are wary of using credit cards online," Walmart explains in a release. Walmart built the system in-house, Walmart.com CEO Joel Anderson told AllThingsD. That's a strategy that online stores employ in other parts of the world like India and China, where a chunk of the population is underbanked, and where customers are still wary of using cards online and prefer to pay for purchases after inspecting them in real life.
Below is the list of 50+ Strong Action Verbs You Need to Use on Your Resume Now
By Jessica Holbrook Hernandez, Expert Resume WriterStop using passive terms on your resume; passive terms dilute the quality and value of what you offer the employer. Seriously, if you’re using any of the following terminology, you need to make a change today!
Demonstrated mastery of...Responsibility for...Duties included...Worked with...Familiar with...Knowledge of (or) Knowledgeable in...
These passive terms are not action-oriented, and they make for a rather lackluster resume. Instead, show the employer exactly what you’re capable of achieving and bringing to the table! Below you’ll find a list of 50+ strong action verbs that you can put on your resume NOW to spice things up!
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Actress of yesteryear Rekha is among four eminent persons who have been recommended for nomination as members of Rajya Sabha.
Rekha, known for her brilliant and emotional portrayals in Hindi cinema in the 80s, will become member of Parliament under a provision of the constitution that allows the President to nominate 12 members to the Upper House.
There is no word from the Government on who the other two are who have been nominated.
Prime Minister Manmohan Singh sent a communication to the Ministry of Home Affairs on Wednesday which has been sent to President Pratibha Patil for notification, sources said.
Article 80 of the Constitution provides for nomination of persons having special knowledge or practical experience in matters such as literature, science, art and social service.
57-year-old Rekha was one of the top heroines of the 80s in Hindi films and and had won several national awards in her acting career.
The House already has a member from the film world in Javed Akhtar, an eminent lyricist and script writer in Hindi cinema.
Rekha, known for her brilliant and emotional portrayals in Hindi cinema in the 80s, will become member of Parliament under a provision of the constitution that allows the President to nominate 12 members to the Upper House.
There is no word from the Government on who the other two are who have been nominated.
Prime Minister Manmohan Singh sent a communication to the Ministry of Home Affairs on Wednesday which has been sent to President Pratibha Patil for notification, sources said.
Article 80 of the Constitution provides for nomination of persons having special knowledge or practical experience in matters such as literature, science, art and social service.
57-year-old Rekha was one of the top heroines of the 80s in Hindi films and and had won several national awards in her acting career.
The House already has a member from the film world in Javed Akhtar, an eminent lyricist and script writer in Hindi cinema.
Datawind, the company that made headlines with the Aakash tablet, has now announced the launch of two new 7-inch low-cost tablets - the Ubislate 7+ and Ubislate 7C with prices starting at Rs 2999 for the 7+. The 7C model will cost Rs 3,999.
Both the tablets come with similar specifications, only that the Ubislate 7C comes with 4GB of internal flash memory compared to 2GB in the Ubislate 7+.
Both the 7-inch tablets are powered by Cortex A8 800 Mhz processor, 256MB RAM and have an 800x480 pixel capacitive touchscreen. Datawind claims that the 3200 mAh battery will deliver upto 180 minutes of usage. The tablets run on Android 2.3 (Gingerbread)
The tablets have microUSB slots for memory expansion and also include an USB port, that can also be used for optional 3G USB modems.
For customers who have pre-booked the Ubilate 7+ from the Datawind website, the shipmets have already started, said the company and will continue for the next few months before retail availability. The Ubislate 7C will be available from end of May.
Both the Datawind Ubislate 7+ and the Ubislate 7C tablets support WiFi and GPRS (SIM and phone functionality).
Both the tablets come with similar specifications, only that the Ubislate 7C comes with 4GB of internal flash memory compared to 2GB in the Ubislate 7+.
Both the 7-inch tablets are powered by Cortex A8 800 Mhz processor, 256MB RAM and have an 800x480 pixel capacitive touchscreen. Datawind claims that the 3200 mAh battery will deliver upto 180 minutes of usage. The tablets run on Android 2.3 (Gingerbread)
The tablets have microUSB slots for memory expansion and also include an USB port, that can also be used for optional 3G USB modems.
For customers who have pre-booked the Ubilate 7+ from the Datawind website, the shipmets have already started, said the company and will continue for the next few months before retail availability. The Ubislate 7C will be available from end of May.
Both the Datawind Ubislate 7+ and the Ubislate 7C tablets support WiFi and GPRS (SIM and phone functionality).