CNBC-TV18 The notification was issued under Section 6 (1) of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Starting April 1, wage hikes ranging from Rs 7 to Rs 26 will be implemented. The central government has notified a hike in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) for FY 2022-2024. After the hike Haryana has the highest daily wage at Rs 357 per day. While...
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Wheat Prices Heat up, Raising Inflation Fears - Puja Das, Ravi Dutta Mishra
Livemint Wheat prices have started climbing again despite the government launching open market operations to reain in prices of the crucial commodity due to the unseasonal rains in key what-producing states. Wheat prices had shot up by 15% in 2022 accoding to the Ministry of Consumer Affairs, Food & Public Distribution, even before the OMOs. This comes as retail inflation continues to hover above the Reserve Bank of India's upper tolerance level,...
More »Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
More »India allows early wheat procurement by states to avert distress sale by farmers - Shloka Badkar
CNBC TV18 The Centre has allowed an early procurement of wheat procurement by states to avert the possibility of any distress sale by farmers. Despite the pre-monsoon rains increasing moisture content in the rabi crop, government sources have maintained that the procurement cycle is on track and there hasn't been any adverse climatic impact on wheat harvest or supply so far. While government sources indicated that wheat procurement in Madhya Pradesh will...
More »Maharashtra farmer protest over onion prices - Livemint
Maharashtra farmers had taken out a foot march from Nashik to Mumbai in protest over onion prices. On Saturday one 58 year old farmer who had attended the foot march died at Shahapur police station in Thane district, informed the All India Kisan Sabha state general secretary Ajit Nawale. The Maharashtra farmers announced on Saturday that they have called off the march following assurance from the state government and the centre....
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