-Livemint.com Using India’s Public Distribution System (PDS) as a case study, new research shows social transfers may reduce labour supply, but increase wages A common belief about social transfers is that they make their recipients lazy, decrease labour supply and do not reduce poverty. According to research that examines India’s largest social transfer programme, the public distribution system (PDS), social transfers indeed reduce labour supply but this increases wages and alleviates poverty. In...
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Pending MGNREGA wages touch Rs 745 crore in Rajasthan, Centre yet to release funds -Ronak Chhabra
-Newsclick.in The Centre had promised to release funds in a week’s time about two weeks back. At a time when the crisis-ridden economy has pushed millions against the wall, with many not being able to make ends meet, the employment guarantee scheme (Mahatma Gandhi National Rural Employment Guarantee Act, 2005) is adding to the distress of the poor—instead mitigating it. In Rajasthan, funds that are yet to be released for the payment of...
More »Falling employment, low wages and food inflation -- the rural economy is in pain -Siraj Hussain
-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »Real rural wages plunge 3.8 per cent in September -Harish Damodaran
-The Indian Express The daily wage rate in rural India for male workers across 25 occupations (12 agricultural and 13 non-agricultural) averaged Rs 331.29 during September, as per field data compiled by the Labour Bureau. Real rural wages growth has fallen to an all-time-low of minus 3.8% in September, further confirming the deep structural slowdown in ‘Bharat’ that is also evidenced in sluggish fast-moving consumer goods (FMCG) and two-wheeler sales. The daily wage...
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