Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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The pandemic is about eyes shut -Rajendran Narayanan
-The Hindu There is a resonance between Saramago’s literary world and the migrant labour distress in contemporary India The novel, Blindness, by Portuguese Nobel Laureate José Saramago, is strikingly prescient about a sweeping illness. The plot revolves around a mysterious epidemic because of which people suddenly turn blind. The thread It starts with a person driving his car who turns blind while waiting at a traffic signal. He pleads to be taken home and...
More »Ashwani Kumar, political scientist, interviewed by Nistula Hebbar (The Hindu)
-The Hindu It is shocking that those who build fantasy cities not only can’t own a home of their own but also can’t vote in elections, says political scientist Ashwani Kumar Political scientist Ashwani Kumar, whose forthcoming co-edited book titled Migration and Mobility is to be out soon, speaks on migration, inter-State workers and amendment to the Inter-State Migrant Workers Act, 1979. * The COVID-19 crisis for India has also become a humanitarian...
More »Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma
-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the Narendra Modi government announced two policy measures that could have a direct impact on job creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...
More »Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
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