Bihar's recent economic growth has created a peculiar problem for real estate and infrastructure firms in other parts of the country.  Migrant labour from the state constitutes around 50% of the unskilled workers employed in these sectors nationally, but increased government expenditure and private investment has caused rural migration from Bihar to fall by a third in recent years, resulting in labour shortages and 35-50% higher wage bills for real estate...

The government has asked banks to accept identity proofs issued in other states as valid documents for opening no-frills bank accounts, in a move that will help millions of migrant workers, including domestic helps and drivers, access banking services.  At a specially convened meeting to push the financial inclusion agenda, the finance ministry asked bankers to accept the identity proofs and use their branch network in other states to verify the...

The Centre may create a new category under the Minimum Wages Act, 1948 for resolving the conflict with the Mahatma Gandhi National Rural Employment Guarantee Act, 2005 in implementaing wages rates. At present, wages under MGNREGA is linked to the consumer price index. However, it is less than the notified minimum wages for agricultural labour in six states-Andhra Pradesh, Karnataka, Kerala, Goa, Mizoram and Rajasthan. The rural development ministry has...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

-The Economic Times   The Centre's flagship rural employment programme will soon come under the scrutiny of the national auditor, which will look into its implementation in the 12 states that receive the largest share of funds. The Comptroller and Auditor General of India will scrutinise the expenditure and outcome of the public works initiated under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in these states over the past five...