-IndiaSpend.com The wages of people living in rural India are no longer rising at the same rate as they were under the United Progressive Alliance government. Last week, The Indian Express reported that the average daily wage rate for rural India grew by 3.8% in November 2014 as compared to the same month the previous year. This is the lowest since 2005, said the paper. As recently as June, growth figures were...
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Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi
-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...
More »Is MGNREGS reaching its end? -Abhiroop Mukhopadhyay
-The Hindu Business Line The rural job guarantee scheme is threatened by the undermining of its driving force, demand-driven work Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) suffering a midlife crisis or are we staring at its death? From a budget of ₹401 billion in 2010-11, it has plummeted to ₹330 billion in 2013-14. Given the much higher wages currently offered to workers, it has taken a serious hit. The...
More »Report on India’s tribal population kept under wraps -Mukta Patil
-Down to Earth High-level committee report was submitted to the Prime Minister's Office in May 2014, and includes radical recommendations Tribal communities have historically faced the brunt of the state's development agenda. It seems the attitude of the government towards the tribal communities has changed little over the years. A report of the current status of tribal communities, submitted to the Prime Minister's Office in May 2014, has been kept under wraps with...
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