Central pension plan NPS finally gets a boost The ‘New’ NPS Measure: Improve incentives for distributors. Has been recently implemented. Impact: Was required. But won’t be enough, need consumer education to build volumes. Proposal: Increase fund management fees with an option to lower later. Impact: Under consideration. But finance ministry unhappy with increase in costs. Proposal: Relax the norms to appoint more fund managers to increase distribution. Impact: Unlikely. At...
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Protest against lack of work under MNREGS by Shiv Sahay Singh
Sixth anniversary of the implementation of the scheme On the sixth anniversary of the implementation of the Mahatma Gandhi National Rural Guarantee Employment Scheme (MNREGS) there were protests outside the office of State Minister for Panchayat and Rural Development Subrata Mukherjee here on Thursday against the absence of work and delay in payment of wages under the scheme. Stating that so far an average of 15 person-days of work per household had...
More »Six years of the rural jobs scheme
-Live Mint This week marks the completion of six years of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Six years is not a long period of time for any meaningful evaluation of a programme of such nature. However, even within this short period of time, the programme has attracted considerable attention. One part of this is the criticism of how the programme involved considerable leakages, did not create productive...
More »Corruption a crime: Sonia
-The Telegraph Sonia Gandhi decried corruption in the rural jobs scheme as a “crime against the poor”, the words coming on a day the Supreme Court cancelled over 100 graft-tainted 2G licences. “We cannot ignore cases of corruption in this scheme. Corruption in MGNREGA is a crime against the poor people,” the Congress chief said at a programme organised here to celebrate the sixth anniversary of the scheme. Prime Minister Manmohan Singh...
More »Snakes and ladders by Amartya Sen
Like many board games that were developed in India, of which chess is perhaps the most important and famous, the game of “snakes and ladders” too emerged in this country a long time ago. With its balancing of snakes that pull you down and ladders that take you up, this game has been used again and again as a metaphor for life, telling us about our fortunes and misfortunes, and...
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