-The Hindu Business Line Budget allocation for rural jobs scheme raised marginally to ₹33,353 crore NEW DELHI: In a major rejig of the UPA's flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the BJP-led Government has converted the programme from being a Central to a State Plan scheme. This change, however, did not find explicit mention in Finance Minister Arun Jaitley's Budget speech. In the previous Government's 2013-14 Budget, a total amount...
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Still smug about the high growth years? -Ashoak Upadhyay
-The Hindu Business Line Drop the euphoria for a moment - a third of India is seriously poor. And urban poverty has risen sharply The latest report on the number of poor Indians shows a third of the population living below the recalibrated poverty lines. C Rangarajan, a former governor of the Reserve Bank of India and former chairman of the Prime Minister's Economic Advisory Council, was asked to look into the matter...
More »Get over the growth fetish -Ashish Kothari
-The Hindu Business Line Perpetual growth is a piece of nonsense. The focus should be on protecting livelihoods through sustainable means Construct a building, demolish it, reconstruct, break it down again, and go on repeating this meaningless exercise. You will have economic growth, as currently measured. But no net gain in employment during the endless cycle of construction and demolition, no net increase in productive capacity, and no appreciable change in poverty...
More »Assocham suggests measures to boost agriculture growth
-PTI Says some of the immediate measures are implementing APMC Act in all states Stating agriculture has the potential to take India's growth to 8% and create millions of jobs in rural areas, Assocham has suggested a slew of measures to the Government in this regard. It has suggested the NDA government to adopt an enabling policy environment, modern technology and boost supply-chain efficiency to address food inflation, encourage investment-led growth and ensure...
More »India Exclusion Report: Fresh perspective on poverty
India has witnessed many fiery debates on poverty estimates. Equally contentious has been the issue of inequality. Now a new report on exclusion offers a fresh perspective on poverty, inequality and social justice. (See below a summary of the report) Based on data and knowledge resources available in the public domain, India Exclusion Report 2013-14 highlights the systematic discrimination faced by women, Scheduled Castes (SCs), Scheduled Tribes (STs), Muslims, persons with...
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