-The Hindu Low allocations and specific policy statements point to greater privatisation and withdrawal of the state Finance Minister Nirmala Sitharaman began her speech by saying that the Union Budget was “woven around three prominent themes” — aspirational India, economic development for all and building a caring society. Achieving any of these would require extraordinary efforts on the social sector front starting with allocating additional resources for health, education, nutrition, employment...
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MGNREGA allocation is way off the mark to uplift the rural economy & address economic downturn, say Right to Work activists
The Union Budget 2020-21, which was presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February, 2020 has failed to impress civil society activists and farmers' rights groups (click here and here). Through their press releases and notes, members of CSOs were demanding as well as suggesting the Union Government for hiking the budgetary allocation for schemes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri...
More »Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »Real rural wages plunge 3.8 per cent in September -Harish Damodaran
-The Indian Express The daily wage rate in rural India for male workers across 25 occupations (12 agricultural and 13 non-agricultural) averaged Rs 331.29 during September, as per field data compiled by the Labour Bureau. Real rural wages growth has fallen to an all-time-low of minus 3.8% in September, further confirming the deep structural slowdown in ‘Bharat’ that is also evidenced in sluggish fast-moving consumer goods (FMCG) and two-wheeler sales. The daily wage...
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