CURRENT AFFAIRS

Detailed explanation-1: -As per the World Bank, what is the daily expense limit below which a person is classified to be in Extreme Poverty? Notes: As per the World Bank, Extreme poverty is measured in terms of the number of people living on less than USD 1.90 a day (around Rs 145).

Detailed explanation-2: -The $1.90 a day poverty line, which reflects the value of national poverty lines in some of the poorest countries, is often referred to as the extreme poverty line.

Detailed explanation-3: -Note on global poverty lines: These estimates (from early 2022) are calculated using the US$1.90 per person per day poverty line, which was updated in September 2022 to US$2.15 per person per day. Poverty data are now expressed in 2017 Purchasing Power Parity (PPP) prices, versus 2011 PPP in previous editions.

Detailed explanation-4: -The June 2022 estimates are in 2011 PPPs using poverty lines of $1.90, $3.20, and $5.50. The September 2022 numbers use 2017 PPPs and the new poverty lines of $2.15, $3.65, and $6.85. In June 2022, no estimate for South Asia was available because of a lack of survey coverage (see PIP’s coverage rule).

Detailed explanation-5: -The World Bank defines “extreme poverty” as living on less than USD 1.90 per person per day.