-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total budget allocation for NREGA is 34 percent less than the revised budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...
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Varanasi weavers: facing a string of setbacks -Samiksha
-RuralIndiaOnline.org It's been hard days for powerloom weavers in the city's Bazardiha cluster – with lockdowns and monsoon flooding. But it’s the UP government’s review of their electricity subsidy that has them the most worried In the narrow lanes of Bazardiha, amid the clacking sounds of powerlooms, Wasim Akram is busy at work. He has been weaving since the age of 14 in the same two-storey brick-cement house – generations old, as...
More »Sugar surplus may drop due to U.P. rains, higher ethanol capacity
-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...
More »Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs
-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...
More »India’s productivity challenge is especially steep in service sectors -Vidya Mahambare and Sowmya Dhanaraj
-Livemint.com Value-addition per worker needs to rise sharply in several fields for the country to enhance prosperity and reduce inequality It is known that productivity is the key to economic prosperity. How do we raise the productivity of service workers? This is one of the biggest challenges that India faces which hasn’t yet received much attention. Why is this important? FIRst, low and medium-productivity service sectors (services except real estate, business and professional...
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