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Bigger rural outlay to power growth: FM

-The Hindu Business Line 10 years on, MGNREGA to get more funds   New Delhi: Barely three weeks ahead of Budget 2016-17, Finance Minister Arun Jaitley indicated that the government could increase budgetary allocations for rural and social schemes like the Mahatma Gandhi National Rural Employment Guarantee Act. The allocation may be even higher than the ₹35,000 crore allocated in 2015-16. “One engine to grow further, despite the global slowdown that has also impacted our exports, can...

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Woman power rises in budget talks this year -Mahua Venkatesh

-Hindustan Times New Delhi: Out of 34 financial advisers representing different ministries and departments who held budget discussions, 50% were women, sources said. Seventeen women officials held discussions with finance secretary RP Watal along with other senior members in his team, according to sources. In 2012-13, there were just eight women financial advisers, and in 2014-15 there were 11. Financial advisers, who typically operate as chief finance officers of their ministries, are responsible for...

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Is the worst over for Rural Economy? -Mayank Mishra

-Business Standard Four of the 6 large states have seen uptick in rural wages, following equally sharp increase in coverage of the rural employment guarantee scheme After months of stagnation, rural wages have started inching up, albeit marginally. Coinciding with a renewed push to the rural employment guarantee scheme in the second half of 2015, rural wages have shown a marginal uptick since August. It remained nearly flat from December 2014 to...

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Modi government plans schemes for rural youth, women groups -Sanjeeb Mukherjee & Archis Mohan

-Business Standard To be announced in next few weeks and in coming Budget To widen its rural push and to counter the Opposition's allegation that the Bharatiya Janata Party (BJP)-led government is anti-poor, the Centre is mulling multiple interventions which would include expanding the role of women-driven self help groups (SHGs) and promoting self-employment for rural youth. Some official said the new crop insurance scheme, approved by the Cabinet recently is part of...

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Narendra Modi government sets ambitious asset creation targets for MGNREGS -Ruchika Chitravanshi

-The Economic Times NEW DELHI: The Narendra Modi government is setting out to achieve in the next two years what the Mahatma Gandhi National Rural Employment Generation Scheme could just about accomplish in the last 10. The rural development ministry is confident of adding 1 million farm ponds and wells and another million vermi composting farms under the programme. That's almost as much as the total such assets the scheme — put...

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