-The Economic Times   High agricultural wages due to the success of government's flagship employment guarantee programme has hindered the development of micro enterprises in the hinterlands, says a research paper by Indian School of Business (ISB). The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has facilitated poverty alleviation in rural areas, it has discouraged village-level entrepreneurial ventures, the study has concluded. MGNREGA entitles 100 days of employment in a year to...

How economically sustainable is food subsidy? The cost could even be double of what the government estimates Food deprivation and malnutrition are completely unacceptable and everything has to be done to eliminate such an evil. The prevalence of malnutrition in a country like India is in itself a cause for serious concern since malnourished children may jeopardise India’s favourable demographic dividend (as per independent estimates, close to 60 per cent of...

The mask is off. Team Anna and his lieutenants are batting for the BJP On 30 October last year, when Mohan Bhagwat claimed that Anna Hazare’s anti-corruption movement was actually supported by the RSS, the remark conveyed palpable nervousness and attracted criticism from Team Anna. Three months later, as Team Anna launches its voters’ awareness campaign in UP, there is not even an attempt to keep its secular mask intact. The mask,...

Union Rural Development Minister Jairam Ramesh on Tuesday cleared the decks for a huge fund outlay which is set to bolster Bihar's rural infrastructure. Speaking to journalists here, Mr. Ramesh said the Union Rural Ministry would pump in Rs. 2,500 crore for laying of over 6,500 km of rural roads across the State for fiscal 2011-12. “Bihar is a top priority for us with Rs. 8,000 crore being allotted from the Central...

-ENS Economic Bureau   Estimates on black money stashed away by Indians is still very much a grey area. So when the CBI Director emphatically declared on Monday that $500 billion of illegal money belonging to Indians was deposited in tax havens abroad, the figure caused more than a mild flutter.   Mainly because the information currently available on the black money economy is way too disparate and vague. Considering the available evidence, the...