http://ngkjrs69.sulekha.com/blog/post/2012/03/imaginary-line-of-poverty.htm Not long ago, the Planning commission of India cut a serious joke by creating a new Poverty line at Rs 32/- per day and drew flak from all corners of the country. The commission was busy quibbling about the details of defining the poverty line. They came out with a new figure of Rs 28/- yesterday. With Bangladesh spoiling the dreams of India’s Asia Cup win, this story did not hog the limelight yesterday. I am not an economist as our honourable PM is, who is supposed to be an expert in this field but did little with his expertise to improve the situation in our country. As a layman, i am perplexed at the manner in which this poverty line is defined. Do these statistics really measure the right factors and if it measured, is it being done accurately? With these measures, what are we trying to do? Don’t these measures indicate only the buying power of a household? As I understand, this is the measure to indicate...