-Newsclick.in Shrinking farm incomes, frozen wages and lack of jobs is driving people to work in the scheme for a pittance. Nearly 9 crore Indians applied for work in the rural jobs guarantee scheme (MGNREGS) in 2017-18, according to data put out by the ministry of rural development. That’s a staggering 42% of the rural work force. Of those who applied for work, some 1.4 crore persons (or about 15%) were turned...
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Banks are billing for your SMS alerts against RBI advisory -Atmadip Ray
-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed banks to...
More »Millets to be procured at MSP for public distribution system: Agri minister -Zia Haq
-Hindustan Times The agriculture ministry has started a new programme to focus on millets or coarse cereal production, mostly grown by small and poor farmers New Delhi: The Narendra Modi government has decided to include millets in the public distribution system for which it is procuring these grains at federally fixed minimum support prices, agriculture minister Radha Mohan Singh said. The agriculture ministry has started a new programme to focus on millets or...
More »Record government expenditure on MGNREGS underlines rural distress -Elizabeth Roche and Sayantan Bera
-Livemint.com The government expenditure on MGNREGS in 2017-18 was nearly Rs. 25,000 crore more than what was spent in 2013-14 New Delhi: The national rural employment guarantee scheme saw a record expenditure of Rs63,887 crore in 2017-18, the highest since it was launched 12 years ago, showed data provided by the government on Monday. However, high demand for work from rural households in a normal monsoon year (2017) also suggests acute rural distress,...
More »Forget job growth, employment in India actually fell between 2014 and 2016 -Manas Chakravarty
-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
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