Urban Poor

India's informal sector is a potent force for change and policymakers need to unlock its potential

Urban poor have been the most impacted by 15-month high consumer price inflation (CPI) in July, a domestic rating agency's arm said on Wednesday. The high-income segment in urban areas faced the lowest inflation burden, as food has a relatively low share in their consumption basked, Crisil Market Intelligence and Analytics said in a note. "Poorest segment in urban areas faced highest inflation rate in July," said the note, released days after official data said that the headline inflation accelerated to 7.44 per cent for July. The poorest segment in both urban and rural areas faced a higher inflation burden than their high-income counterparts, as food inflation accelerated sharply," the Crisil note added. Crisil said it used data from the National Sample Survey Organisation (NSSO) and mapped the expenditure baskets of three broad income groups the bottom 20 per cent, middle 60 per cent and upper 20 per cent of the population with July inflation. The overall CPI inflation for th

The financial burden depends on the design of the scheme.

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The wages of every beneficiary will be credited directly to the bank account every week, he said, adding that the programme will be implemented by strictly adhering to the social distancing norms