-The Hindu Stimulus measure to link pay to consumer price index with annual revision. Staring at a slump in rural demand and a slowdown in the rural economy, the Centre plans to inject more money into the UPA’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. It hopes this will increase wages, thus increasing...

In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

-The Telegraph Dreze showed how Jammu and Kashmir outscored Gujarat on the basis of a raft of development indices New Delhi: Economist Jean Dreze held up a placard at a protest rally here on Wednesday, displaying stats to contest home minister Amit Shah’s claim that Jammu and Kashmir was less developed than the rest of India. Dreze showed how Jammu and Kashmir outscored Gujarat on the basis of a raft of development indices. “I...

-The Telegraph The Code on Wages Bill would have no implications for the rural job guarantee scheme New Delhi: The minimum wage to be stipulated under a proposed central law will not apply to unskilled labourers under the Mahatma Gandhi National Rural Employment Guarantee Act, the government said on Wednesday. Labour minister Santosh Gangwar and rural development minister Narendra Singh Tomar said the Code on Wages Bill would have no implications for the...

-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...