-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister Nirmala Sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...
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Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
More »Rural India reels under economic slump -Avani Kapur, Meghna Paul & Vastav Irava
-Hindustan Times Currently, two of the Government of India’s (GoI) largest schemes focussed on reviving the rural economy have been the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). With food inflation hitting 14% in December 2019 and real rural wages declining for eight consecutive months (latest data available till October), rural India is among the worst hit by the current economic slowdown. Providing...
More »MGNREGA allocation slashed by Rs. 9,500 crore in the Union Budget 2020-21, allege Right to Work activists
-Press release by Peoples' Action for Employment Guarantee dated 1 February, 2020 The Peoples’ Action for Employment Guarantee is distressed to note the total lack of responsibility and sensitivity accorded by the Union Budget 2020-21 to the rural economy in General, and MGNREGA in particular. It is telling and obviously callous that the Budget estimate for this year at Rs. 61,500 crores is Rs. 9,500 crores less than the revised estimate...
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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