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Gender Equalisation through Feminist Finance -Ritu Dewan

-Economic and Political Weekly The onslaught on the rights of women, both as economic agents and as citizens, is based on the interlocking of macroeconomic policies with prevailing patriarchal structures, the foundations of which need to be unravelled, visibilised, and visualised with the primary purpose of combatting the ongoing process of gendered de-equalisation. It is in this context that the concept of “feminist Finance” is articulated, especially in relation to the...

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Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas

-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...

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No change in MGNREGA wage rates observed between 2018-19 and 2019-20 for 4 states & 2 UTs

Non-payment of MGNREGA wages on time to workers and non-revision of daily wage rates, among other things, have kept the poor away from the programme in many states. When the notified daily wage rates under the Mahatma Gandhi National Rural Employment Guarantee (2005) Act (MGNREGA) for 2019-20 was announced on 26th March 2019, it became clear that the existing wage rates were not revised (viz. as compared to 2018-19) in...

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Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile

-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...

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Revalidate signal to labour bureau on Mudra job creation data -Basant Kumar Mohanty

-The Telegraph Only 1.12 crore jobs created in three years under the Mudra scheme, the bureau's data suggested New Delhi: A central government agency has been asked to “revalidate” data which estimated that only 1.12 crore additional jobs were created in three years under the Pradhan Mantri Mudra Yojana, a scheme Prime Minister Narendra Modi cites to defend his record on employment generation, sources have told The Telegraph. Several independent analysts suspect that...

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