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If the war continues 90 percent Ukrainian population could suffer poverty
According to the UN Development Programme (UNDP), nine out of ten Ukrainians might suffer poverty and high economic vulnerability if the war continues for another year, wiping out two decades of economic achievements.
UNDP Administrator Achim Steiner said his organisation was working with the Kyiv administration to avert a worst-case scenario in which the economy collapsed. Its goal was to give financial transfers to households so they could buy food and avoid fleeing while maintaining essential services.
“If the conflict is prolonged, if it continues, we will see poverty rates rise dramatically,” Steiner told Reuters.
“The economy as a whole would implode at the end of the scenario. And this might lead to up to 90% of people living in poverty or at high danger of falling into it “verty),” he warned in a New York video interview.
In a video interview from New York, he stated that the poverty line is commonly considered as the purchasing power of $5.50 to $13 per person per day. He estimates that 2% of Ukrainians lived below the $5.50 mark before Russia launched its assault on February 24.
Oleg Ustenko, Ukraine’s senior economic adviser, warned last Thursday that invading Russian forces have destroyed at least $100 billion in infrastructure and that half of the country’s enterprises have shut down altogether.
“We predict that up to 18 years of Ukraine’s growth advantages could be wiped out in as little as 12 to 18 months,” Steiner warned.
TRANSFERS OF CASH
According to him, UNDP is looking at “tried and true” programmes that it has utilised in previous violent situations.
“Cash transfers programmes, particularly in a nation like Ukraine where the financial system and architecture are still operating and ATMs are available, are a key means to reach people rapidly,” he says.
He described the logistical hurdles as “serious but not insurmountable.”
“Some of the recent World Bank and International Monetary Fund statements in terms of credit lines and funds that are being made available will assist Ukrainian authorities in being able to deploy such a programme,” he added.
According to the UNDP estimate, a $250 million per month emergency cash transfer operation would cover partial income losses for 2.6 million individuals who are likely to slip into poverty. A more ambitious temporary basic income programme, costing $430 million per month, would provide $5.50 per day for each person.
The IMF predicted that Ukraine’s GDP will collapse by 10% in 2022 as a result of Russia’s invasion, but that the situation might worsen dramatically if the conflict continues, according to a staff analysis released on Monday.
The World Bank authorised over $200 million in new and restructured financing for Ukraine’s vulnerable people support on Monday. The money is in addition to $723 million granted last week, and it’s part of a $3 billion package of aid that the World Bank is rushing to Ukraine and its people in the coming weeks.
Steiner stressed Ukraine’s importance to other countries’ economies, particularly a group of African countries that get a third of their wheat supplies from Ukraine and Russia, according to Steiner.
“We’re also attempting to restore this economy that serves as the breadbasket for 45 African nations, the LDCs,” Steiner explained.
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Navi Mumbai Police Arrest African National With Rs 1 Crore Worth Of Cocaine In Ulwe
The Anti-Human Trafficking Unit (AHTU) of Navi Mumbai Police arrested Jeorge Ocante DaSilva, a 35-year-old native of Guinea, on Monday for possessing 410 grams of cocaine, allegedly intended for illegal sale. Acting on a tip-off, API Alka Patil of the AHTU led a raid at RM Heights Building in Ulwe, where DaSilva was found in possession of the narcotics.
Around 2:30 p.m. on October 28, officers discovered 410 grams of cocaine, valued at approximately Rs 1,02,50,000, hidden in DaSilva’s bedroom. Authorities also seized a mobile phone, a black Tabata weighing scale, scissors, plastic packaging bags, and a sky bag, bringing the total seizure value to Rs 1,02,55,610.
An FIR was filed at Panvel City Police Station under Sections 8(a) and 21(a) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Dasilva was presented in court and remanded to police custody until October 31, 2024. Investigations are ongoing, with the Crime Branch seeking potential accomplices and sources of the narcotics. Notably, Dasilva has a prior NDPS case registered at Nahar Police Station in Mumbai.
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Taloja Society Chairman Detained For Allegedly Abusing Residents And Objecting To Diwali Decorations
The chairman of a housing society in Taloja Phase One has been detained by Taloja police following allegations of verbal abuse toward residents, including women, and objections to Diwali lighting in the complex. The incident occurred on Tuesday night, sparking outrage among residents.
According to the police, the chairman is accused of abusing a woman with intent to insult her modesty, provoking a breach of peace, and engaging in criminal intimidation. A formal complaint was filed, and the chairman was promptly taken into custody.
The situation intensified after a video of the incident went viral on social media platform X (formerly Twitter), showing a group of men, allegedly from the housing society, verbally abusing residents and threatening to halt Diwali decorations. The video received widespread attention, with users expressing shock over the treatment of residents.
Police officials confirmed that the chairman’s detention is part of an ongoing investigation into the incident. Residents are awaiting further action as authorities work to address the disturbance and ensure the safety of the community amid Diwali festivities.
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Thane Sees Surge of Nomination Filings for 2024 Vidhan Sabha Election
The final day for filing nominations for the 2024 Vidhan Sabha General Election witnessed a surge of candidates in Thane district, with a total of 281 applications submitted across 18 assembly constituencies. This high turnout signals a competitive race for seats in the upcoming election.
Among the nominees, 114 candidates represent various political parties, while 167 have filed as independents, reflecting a diverse array of participants aiming to represent Thane’s voters. Nominations were filed throughout the day with election decision officers at each constituency, marking an essential step in the electoral process.
Collector and District Election Decision Officer Ashok Shingare announced that the scrutiny of these nomination forms is scheduled for October 30, 2024. Following this verification process, candidates who wish to withdraw their names from the race may do so until November 4, 2024.
As the election date approaches, Thane’s political landscape appears more dynamic than ever, with a record number of candidates ready to contest the assembly seats, making for an engaging electoral season for voters and candidates alike.
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