-Livemint.com * MGNREGS guarantees 100 days of work in a financial year to a rural household whose adult members volunteer for unskilled manual work * In 2019-20, which was considered a normal monsoon year without rural distress, 2.65 billion person days were created NEW DELHI: The Union government on Sunday injected an extra ₹40,000 crore into the national rural jobs programme, extending a helping hand to millions of rural poor, as well as...
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Modi's 'Stimulus Package' is a Gigantic Confidence Trick Played on the People of India -Prem Shankar Jha
-TheWire.in Eighty per cent or more of the demand in the economy has vanished thanks to the lockdown he hastily announced, with no warning or preparation. The only way out is to pump money in to revive demand. In a discussion on NDTV about the contents of the third tranche of Prime Minister Narendra Modi’s stimulus package for the economy, Yogendra Yadav, one of India’s most respected psephologists, called it ‘entertainment’. Yadav...
More »Why India’s migrants deserve a better deal -Priya Deshingkar
-Livemint.com * Roughly 100 million migrant workers are directly responsible for 10% of the GDP. Why are they still so invisible? * There has been an unwillingness to collect better data on circular migrants and understand how they affect the economy. This is shocking for a country that runs on migrant labour BRIGHTON/ LONDON: Images of stranded migrants and their long arduous journeys back home will remain seared in our collective memories of...
More »Will India's MSME Package do Enough to Blunt the Adverse Effects of the Lockdown? -Satya Mohanty
-TheWire.in India’s economic package for MSMEs is far reaching and reformatory. But does the rubber meet the road, as they say? Politics does not oblige its players to adhere to the truth. But two things are a big no-no and better avoided. The first is trying to meet multiple objectives with one instrument or decision and the second is Tom Sawyer-ing. Mark Twain’s character had a knack of getting other people to see...
More »Will Indian Agriculture Come out Relatively Unscathed in FY'21? -Siraj Hussain and Jugal Mohapatra
-TheWire.in The outlook for kharif 2020 contains a few good signs, but much will depend on the monsoon. Since the harvesting of most rabi crops was completed in time, despite the nationwide lockdown from March 24 onwards, an impression has gained ground that all is well with Indian agriculture. It is true that due to extraordinary efforts made by government machinery, procurement of wheat in Punjab, Haryana and Madhya Pradesh has been more...
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