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With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank

-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...

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It's not rural India alone; job scheme also in distress -Nitin Sethi

-Business Standard Even as country stares at a possible drought, Mahatma Gandhi National Rural Employment Guarantee Scheme has hit a new low At a time when rural India is in distress, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which could have provided some relief, is itself facing its worst period ever. The number of people working under the scheme and the amount of work provided is dwindling, and the trend...

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If you want to help the farmer -Vani S Kulkarni, Katsushi S Imai and Raghav Gaiha

-The Indian Express As the toll of human misery and suicide mounts, official estimates of farm losses due to unseasonal rains and hailstorms in March remain controversial, with hasty downward revision. Since these estimates are largely notional, without validation from field visits, such revision smacks of deliberate fiddling. On March 24, the agriculture ministry reported that crops on 18 million hectares — about 30 per cent of the rabi crops —...

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Pronab Sen, Chairman of National Statistical Commission (NSC), interviewed by Indivjal Dhasmana on the new gross domestic product (GDP) data series

-Business Standard As critics find fault in the new gross domestic product (GDP) data, National Statistical Commission (NSC) Chairman Pronab Sen, heading a committee to review the methodology of the new series, tells Indivjal Dhasmana much of the criticism is due to the lack of information about the methodology and sourcing of the new data. Edited excerpts:   NSC has appointed a committee under you to review the new GDP data. Has it...

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Decline in number of workdays under MGNREGA: Government

-PTI NEW DELHI: The number of workdays being provided under the rural job flagship scheme MGNREGA has registered a decline, Lok Sabha was informed today. Minister of State for Rural Development Sudarshan Bhagat, in a written reply to Lok Sabha, said "there has been a decline in the number of persondays created in 2014-15." "MGNREGA is a demand driven programme and the demand for work itself is influenced by various factors such as...

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