Rural Development Minister Jairam Ramesh has rejected Agriculture Minister Sharad Pawar’s suggestion on modifying MGNREGA’s guidelines, saying it has not impacted the availability of workers for the farm sector. Ramesh has told Prime Minister Manmohan Singh that on the contrary it has led to major increase in farm wages and kind of works being executed with most of the works being taken up during the off-season periods. In reply to Pawar’s...
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FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »Govt rules out extension of working days under NREGA
-IndiaInfoline.com Indian Labour Conference in its 43rd session recommended to increase the number of working days along with the guaranteed statutory wage under MGNREGA. Government has ruled out increase in the number of working days under the Mahatma Gandhi National Rural Employment Guarantee Scheme from the existing 100 days to 200 days, saying such a move will result in a competitive disadvantage towards agricultural productivity. Indian Labour Conference in its 43rd session...
More »Broken heartland
-The Business Standard Finance Minister Pranab Mukherjee explained the government’s helplessness over inflation in the Rajya Sabha with great eloquence on Thursday. Much of what he said may have solid economic fundamentals, but the United Progressive Alliance (UPA) government cannot claim helplessness forever — not when the signs of the cracks it is creating in India’s rural prosperity are becoming so obvious. If any one thing that has protected the Indian...
More »Food prices remain steady during November, UN agency reports
-The United Nations Global food prices in November were virtually unchanged from October, and 10 per cent below their peak in February, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s Food Price Index level was 215 points last month – just two points, or one per cent, above its level in November 2010, according to a news release issued by the Rome-based agency. Cereal prices dropped by 3 points, or...
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