-Hindustan Times A country’s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the labour market. One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual’s net worth...
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Drying up of MGNREGA allocation will shrink the rural economy further -Dibyendu Chaudhuri and Parijat Ghosh
-Down to Earth The focus of MGNREGA has, over time, shifted from employment creation to asset creation The funds allocated in the Union budget 2021-22 for implementing schemes under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) were exhausted within the first half of this financial year. The budgetary provision for 2021-22 was Rs 73,000 crore, of which Rs 79,810 crore has been spent. Many Workers didn’t get paid; it may take...
More »Informal sector shrank sharply in 2020-21: SBI report -Vikas Dhoot
-The Hindu Informal Workers continue to bear the brunt of pandemic’s adverse effects, says SBI report Signalling a greater shift towards formalisation of the economy, the share of the large informal sector in overall economic activity dipped sharply in 2020-21 even as informal Workers continue to bear the brunt of the pandemic’s adverse effects, the SBI said in a research report. Concluding that the share of the informal economy may have shrunk to...
More »90% of MGNREGA Funds for 2021-22 Financial Year Utilised, Remaining Cover Just 13 Days of Work: Report -Ronak Chhabra
-Newsclick.in As per a report authored by People's Action for Employment Guarantee (PAEG), 90& of the total allocated funds to the MGNREGA scheme had been utilised, even as five more months are left for the current financial year to end. On Friday, the "NREGA National Tracker" report, authored by People's Action for Employment Guarantee (PAEG), was released for the April-September period of this year in a virtual press conference jointly held with...
More »Why BJP is here to stay -Aunindyo Chakravarty
-The Tribune Consolidation of non-dominant OBCs and Dalits the primary reason Prashant ‘PK’ KISHOR has upset his greatest supporters, India’s English-speaking liberals, by saying that the BJP is going to be the ‘centre of Indian polity’ for decades to come, and that one should not ‘ever get into the trap that people are getting angry and they will throw away Modi.’ This, to many anti-Modi voices, is the unkindest cut of all,...
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