Munich Personal RePEc Archive

Poverty - A Simple Approach to Eradicate IT

Subramaniam, Viswanatha (2021): Poverty - A Simple Approach to Eradicate IT.

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Abstract

A Country is a predefined territory, where people live along with the nature and other living species. A Nation is with registered and identified group of people as the citizens. Each living group in a nation is identified as a Household. Poverty is the inability to buy the Basic Needs by a Household. Saving is the local money value of the Arithmetic difference between the monthly earnings of a household (Husband+Wife+Children), AND the Cost of monthly Basic Needs for them. Basic needs are the Cost of Food, Shelter and Clothing for each Household. if the Cost of monthly Basic needs are lower, then there is a saving. It is the joint and coordinated responsibility of the administrative heads of the Rural, Urban, Thaluk, District, State and the Central Government in every nation to ensure that every Household has a reasonable savings per month. A nation where the households, lead a satisfied life and make a reasonable saving in every month, is a Developed nation. A nation where the lead an unsatisfied life and do not make a reasonable saving in every month is a Developing nation. A nation where the Basic needs are not available to meet the monthly requirements of the households OR the costs of Basic Needs are very high, is an under developed nation. Population is an asset as a productive work force. It is a liability, if lethargic and nonproductive. National administration should be divided from top to bottom with a full employment approach, through integrated Training and Development infrastructure. A Household is a Father, Mother and 2 children. Each administrative head should identify every Household, and provide a “Living card”. This card should have the estimated monthly income, value of reasonable basic needs (Vegetarian food+4 sets of clothing and applicable rent value per year divided into month) for each Household. Households with monthly income less than the total monthly value of basic needs should be marked as “P” for poor. Each administrative head should attempt to reduce and eradicate the Poor category. This is a direct bottom level approach to eradicate poverty. Induction of savings through Cost reduction of Basic needs is a planned management approach. Effective management of Man Power, Materials and Techno-Commercial Infrastructure is a Macro level approach. All these lead to savings at Household level. And it is a source for Domestic investment to direct the nation towards accelerated Development.

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