-TheGoan.net As had been anticipated, on October 18, the Cabinet Committee of Economic Affairs chaired by Prime Minister Narendra Modi decided to decontrol the prices of diesel, the most widely-used petroleum product in the country. Riding on an unexpected fall in world prices of crude oil, the government was able to simultaneously announce a sharp fall in consumer prices of diesel by Rs 3.37 per litre (in Delhi). But the decision...
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Ending destitution and distress -Brinda Karat
-The Hindu ‘The government has taken steps to destroy MGNREGA, an act that gives purchasing power to the rural poor, following prejudicial contentions of Bharatiya Janata Party leaders' It's no secret that the Bharatiya Janata Party (BJP) does not like the Mahatma Gandhi National Rural Employment Guarantee Act. MGNREGA is perhaps the only law in the world which guarantees 100 days of wage employment a year to one member of a rural...
More »MGNREGA impact on food inflation is very limited, says RBI study -Jitendra
-Down to Earth There are other factors for food price inflation, says the study commissioned in the wake of persistent double digit food price inflation between 2012-13 The rural job scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which guarantees 100 days of unskilled job to rural households in a year, has been blamed by a number of economists for food price inflation. But a new study by the Reserve Bank...
More »To Be or Not to Be: NFSA Dilemma Continues -Sankar CG
-The New Indian Express PALAKKAD: With only ten days remaining for the announced date for implementing the UPA Government's ambitious social welfare programme, the National Food Security Act (NFSA) on November 1, the state government is still not sure about its implementation. At a time when district supply officers are busy sealing NFSA on BPL, Anthyodaya and other special cards to distinguish cards eligible for rice under NFSA, they are kept in...
More »High Rural Wages Have no Bearing on Inflation -Gayathri Nayak
-The Times of India A Reserve Bank of India paper says that the UPA flagship MGNREGA or the Mahatma Gandhi National Rural Employment Guarantee Act, under which a household is assured of 100 days of wages per year in return for working on various rural development, has not actually contributed to the rise in food inflation as generally perceived. Incidently, the Reserve Bank was among the first to point that the...
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