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LATEST NEWS UPDATES | Rebooting the rural jobs scheme -Himanshu

Rebooting the rural jobs scheme -Himanshu

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published Published on Apr 16, 2015   modified Modified on Apr 16, 2015
-Livemint.com

At a time when rural economy is badly in need of stimulus, the least the govt can do is increase spending on MGNREGA

It is now officially acknowledged that the rural economy is heading for a distress situation. As if the fall in crop prices was not sufficient, the situation of farmers in India has been compounded by the vagaries of the monsoon with less than normal rainfall last year along with unseasonal rainfall this year. The government has responded to the situation by raising the compensation and also relaxing the criteria for availing compensation for crop loss.

Even with all this, the relief efforts of the government will at best cover the losses of farmers, leaving out a substantial section of the rural economy, which includes agricultural labourers, along with a majority of non-farm labourers who have been facing hardships due to a lack of demand in the rural economy but also due to stagnation of rural wages since last October. The situation is likely to worsen when the lean season in agriculture starts in a month or so, with more and more agricultural labourers as well as marginal farmers entering the labour market in search of jobs.

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Livemint.com, 15 April, 2015, http://www.livemint.com/Opinion/7syvYf96LvmGNhAox3vcsI/Rebooting-rural-jobs-scheme.html


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