-The Indian Express As leading economists urged the Prime Minister not to dilute the Mahatma Gandhi National Rural Employment Guarantee Scheme saying it provides economic security to millions, Union Minister for Rural Development Nitin Gadkari justified the Centre's decision to restrict the focus of the job scheme to the "most backward and needy" districts and reduce the labour-material ratio from 60:40 to 51:49. Denying any move to reduce compensation for lack of...
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SOS to PM Modi: Don't Dilute NREGA, Write 28 Leading Economists -Deepshikha Ghosh
-NDTV Prime Minister Narendra Modi has received a sharp letter from 28 leading economists who say they fear his government is trying to dilute the rural jobs guarantee scheme brought in by the previous UPA government. "We are writing to express our deep concern about the future of the National Rural Employment Guarantee Act for NREGA," the letter said. (Read the full text of the letter) "It is alarming to hear of multiple...
More »Right to life overrides right to do business, Supreme Court rules -Dhananjay Mahapatra
-The Times of India NEW delhi: Right to life outweighed right to do business with the Supreme Court on Monday rejecting State Bank of India's petition challenging an Allahabad high court order directing sugar mills in Uttar Pradesh to sell the sugar stock hypothecated to SBI against loans to pay sugarcane farmers' dues. Sugar mills had taken loans totaling Rs 3,000 crore from SBI by hypothecating their sugar stock. Under law, the...
More »US to launch fresh review of India's patent regime -Sidhartha
-The Times of India NEW delhi: Within days of Prime Minister Narendra Modi's return from the US, the US Trade Representative (USTR) has launched a fresh offensive against India's intellectual property rights (IPR) regime, a move that may lead to the government going slow on a bilateral dialogue with Washington. On Tuesday, USTR will launch what it calls an "out-of-cycle review" (OCR) of India's IPR regime, following a report released earlier this...
More »Economists petition Modi against dilution of MGNREGA
-The Business Standard Alarm bells on rural jobs guarantee law A group of around 30 economists from India and abroad have written a letter to Prime Minister Narendra Modi, asking him to ensure there is no dilution or restriction of the provisions of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). They have argued the scheme has wide-ranging social benefits, beside creation of productive assets. They have said corruption was and remains...
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