-The Hindu Rural Development Minister asks Jaitley to release Rs. 5,000 crore more With the demand by States for the release of money under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to clear pending liabilities and dues getting more persistent, Rural Development Minister Birender Singh has written to Finance Minister Arun Jaitley, urging him to immediately release the additional Rs.5,000 crore as promised. “Since MGNREGS is a demand-driven wage employment programme...
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Is the economy sick? -Salman Anees Soz
-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...
More »Aadhaar comes to the rescue during Tamil Nadu floods -Saurabh Kumar
-Livemint.com With banks and ATMs under water, people were able to draw cash from Aadhaar-enabled micro-ATMs New Delhi: When heavy rains marooned large parts of Tamil Nadu, banking correspondents (BC) armed with Aadhaar-enabled micro-ATMs fanned out to help people retrieve cash from their bank accounts. The flood swept away many belongings including the bank pass book, debit card and other identification documents of S. Sangeetha, 28, who lives in Anumandai village in...
More »How the world’s big cities are fighting climate change, together -Shivani Singh
-Hindustan Times If you thought climate change was only about melting glaciers and sinking islands, you have underestimated it. A report by C40, a global network of 82 megacities--including Delhi--committed to fighting climate change, says that at least 70% of these urban centres are already affected by climate change. Not all of them are coast or hill towns. As population is increasing in these megacities, rising pollution, growing congestion and mounting waste...
More »Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
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