-Financial Express If panchayat allocations are merged with MGNREGA to aid asset creation, it can trigger infrastructure growth, resulting in extra income and improved conditions. There is a lot of debate around 5% GDP growth and its impact on the organised sector. Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision...
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Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre's India Programme, interviewed by Kundan Pandey (Down to Earth)
-Down to Earth Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre’s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy * Kundan Pandey: Is there low demand in the economy? Pronab Sen: The demand is not low. The crisis is that the demand is not growing. For a long time, people...
More »One nation, one ration card for PDS consumers soon
-IANS Consumers covered under the Public Distribution System (PDS) will soon be free to buy their goods from any ration centre under the 'one nation, one ration card' scheme, officials said. Consumers covered under the Public Distribution System (PDS) will soon be free to buy their goods from any ration centre under the 'one nation, one ration card' scheme, officials said. "Making available cheaper foodgrain and ensuring satisfaction of the consumers is the...
More »Govt may pump more funds into NREGS to boost rural economy -Saubhadra Chatterji & Zia Haq
-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
More »Consumption in rural India hits a 7-year low -Suneera Tandon
-Livemint.com * Farm distress, stagnant incomes have eroded demand, shows Nielsen data * Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8% Rural household consumption slumped to a seven-year low in the September quarter, in a sign that the prolonged agrarian distress and near-stagnant rural incomes have eroded demand for Consumer Goods, market researcher Nielsen said. Consumption of packaged consumer...
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