-Livemint.com The recent decline in the labour force participation rate should be a matter of deep concern for the Indian economy It has been a year since Prime Minister Narendra Modi surprised the country with the demonetisation announcement. Numerous commentators had criticized the move at the time for a variety of reasons, the most prominent among these being: (a) demonetisation was the wrong instrument for the intended objective of eliminating black money...

-Down to Earth MGNREGA budget has declined in real terms over the years, despite claims of “highest ever” allocations In 2004, before India had any legal welfare entitlements for the informal sector, the National Rural Employment Guarantee Bill, was furiously debated in the Parliament and the media. The aim of this legislation was to address the crisis of under employment and unemployment in the rural economy and provide job opportunities through public works...

-TheWire.in While this is likely a side-effect of demonetisation, more research is needed to unpack how India’s unemployment rate fell in January-April 2017. New Delhi: The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE). CMIE’s data is based on the result of consecutive waves of household surveys performed from January 2016...

-TheWire.in In Gujarat’s Chhota Udaipur, MNREGA has helped villagers increase their earnings, improved connectivity in the area and led to higher farm yields. In the ubiquitous environment of the withdrawal of the welfare state across the globe, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) in India stands out as a critical and unique intervention. MNREGA is a social safety net that guarantees 100 days of employment to every rural household...

-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on banks New Delhi: Demonetisation is expected to negatively impact the overall economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18.   The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of...