-PTI Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...
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India's rural employment programme is dying a death of funding cuts -Jayati Ghosh
-The Guardian After a decade of success, the landmark scheme is being starved of money by a central government seemingly intent on reining in rural wage growth Ten years ago this week, the Indian parliament unanimously passed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). It was a historic legislation based on two interlinked goals: ensuring livelihood security to rural residents by providing at least 100 days of guaranteed wage employment...
More »If it’s not Bihar, it’ll be UP
-The Financial Express With the High Level Committee (HLC) on restructuring FCI pointing to a 47% leakage in the 55 million tonnes of grain distributed through ration shops, the only viable solution is to shut down the PDS as the HLC has recommended be done over a period of time. Not surprisingly, many have argued that, in states that have restructured their ration shop operations-such as Chhattisgarh-there has been a dramatic...
More »Keep focus on social sector: United Nations tells India -Chetan Chauhan
-The Hindustan Times A United Nations report on Wednesday asked the government to increase focus on rights-based programmes - like the job guarantee and food security schemes - to eradicate poverty while praising PM Narendra Modi's financial inclusion scheme, the Jan Dhan Yojana. The UN report on India and the Millennium Development Goals (MDGs) comes at a time when the central government has cut the budget for social sector schemes and initiated...
More »Centre, activists lock horns over NREGA funding cut
-The Hindu Business Line Activists cry foul over ‘dilution' of the scheme New Delhi: On the ninth anniversary of the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the Government and civil society organisations locked horns over the scheme's "alleged" dilution. At a press meet, activists complained of a "systematic effort" on the Finance Ministry's part to "finish" the scheme step by step. They alleged that the Centre, citing that...
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