-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
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MGNREGA, once world's largest source of rural livelihood, now a tale of decay and digital delay -Rashme Sehgal
-Firstpost.com Have women living in rural India benefitted from the Mahatma Gandhi National Rural Employment Scheme (MGNREGA)? MNREGA was introduced in 2006 and has emerged as the largest programme in the world for providing employment to the rural poor. While there is no doubt that MNREGA in a short span of ten years did help generate 20 billion person-days of employment benefitting 276 million workers from which more than half were women....
More »Has demonetisation harmed non-farm employment generation in the medium term? -Roshan Kishore
-Livemint.com Despite the construction sector being in the doldrums, personal housing was holding its own—till demonetisation Prime Minister Narendra Modi promised to create 10 million jobs in five years while campaigning in the 2014 general election. After completing more than three years in office, has the government been able to deliver? We do not know for sure. Findings of a large-sample survey on employment, conducted by the National Sample Survey Office (NSSO),...
More »Country of a chosen few -TSR Subramanian
-The Indian Express Thomas Piketty points to the widening income disparities that have accompanied economic growth in India, which endanger social stability The paper by Thomas Piketty and Lucas Chancel, ‘Indian Income Inequality 1922-2014 — From British Raj to Billionaire Raj?’, is now in the public domain. Piketty needs no introduction — his Capital in the Twenty-First Century has been one of the most influential books on economics in the past decade....
More »Too good to be true: How MNREGA 'improvements' are actually costing workers their wages -Ankita Aggarwal
-Scroll.in Inability of local officials and infrastructure to cope with the complex technologies driving the scheme could be leaving lakhs of workers unpaid. This year’s Economic Survey lists several “improvements” in the Mahatma Gandhi National Rural Employment Guarantee Act brought about since 2014-’15. Mostly, these “improvements” are technological initiatives – greater convergence with other programmes, “geo-tagging” of MNREGA assets. They have not made a difference on two of the stated purposes – timely...
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