Even though the Central Government agreed to link the wages paid under MG-NREGA to the Consumer Price Index for Agricultural Labourers (CPIAL), it shied away from paying statutory minimum wages in various states of India. Their logic for this: Lack of clarity on who will bear the extra financial burden—the Centre or the states? A letter from the Prime Minister Manmohan Singh to UPA and NAC Chairperson Sonia Gandhi dated 31...

The Rangarajan committee further dilutes the proposals for the food security bill   The Rangarajan committee set up by the Prime Minister to examine the recommendations of the NAC on the food security bill has submitted its report. It is not surprising to see that it has argued against even the minimalist framework of the NAC saying that expanding the PDS is impossible due to procurement and fiscal constraints. Although the full...

Some members of the Sonia Gandhi-led National Advisory Council are in favour of a “compromise” on the food security bill after a committee appointed by the Prime Minister turned down their key recommendations yesterday. These members, speaking off the record, said they wanted to take the process forward and bring the bill in Parliament. However, this would be subject to the view that Sonia takes on the C. Rangarajan report. The bill,...

Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

The Union government has set up a Group of Ministers (GoM) to examine the problem of paid news and suggest policy measures to combat it, according to informed sources. It will be headed by Union Finance Minister Pranab Mukherjee. The other members are: Information and Broadcasting Minister Ambika Soni, Home Minister P. Chidambaram, Law Minister Veerappa Moily, Agriculture Minister Sharad Pawar and Human Resource Development Minister Kabil Sibal. It is likely to...