-Business Standard Interest subvention, crop insurance on the cards The finance ministry is working on a plan to increase the number of workdays in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from 100 a year per person per household to 150 in areas receiving low monsoon rain. The government might also provide interest subvention and crop insurance in drought-affected regions through the e-Financial Management System (eFMS). “Since the eFMS contains the data...

The fourteenth Public Accounts Committee (2014-15) report, submitted to the 16th Lok Sabha in April this year, has found that despite various interim orders issued by the Supreme Court from time to time (based on a writ petition that was filed by People’s Union for Civil Liberties in April, 2001), the Government of India has failed to universalize the Integrated Child Development Services (ICDS) scheme. This means India has to...

-Deccan Herald Poor monsoon forcing govt to intensify implementation Notwithstanding the scathing attack on UPA’s schemes, the Modi government would fall back on the previous regime’s flagship programme to rescue the rural economy from second consecutive deficient monsoon. The government would intensify implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in drought hit areas to stop the slide in rural incomes. Officials revealed that the main thrust in MGNREGA implementation in drought affected...

-The Hindu ‘Its geographical distribution is what matters’ Union Finance Minister Arun Jaitley said here on Thursday that concerns about the impact of a deficient monsoon on the economy were “misplaced” and “far-fetched”. He told presspersons that conclusions were being made in an exaggerated manner after the India Meteorological Department forecast on Tuesday that rainfall would be only 88 per cent of the long-term average. “The speculation and analyses we have seen in the...

-Hindustan Times Policy makers have no control over fickle weather whims and complex forecasts. Regardless of the eventual course and quality of summer rains brought on by drafts of breeze that stream 8,000 km from the southern Pacific, the early predictions did give an early heads up of what was likely in the next few months. Yet, every drought year, India’s response to deal with scanty summer rains has been knee-jerk, marked...