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Why privatising public Assets is poor economics, impetus to greater wealth inequality -Prabhat Patnaik

-The Indian Express The only difference between a fiscal deficit and selling public Assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public Assets. The government has adduced no reasons for the proposed privatisation of several public sector Assets other than to generate resources for its spending....

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The Peasants Movement Constitutes a Major Crisis for Corporate Capital -SP Shukla

-TheCitizen.in The corporate capital has launched a final assault in its desparate bid to extricate itself from the worst crisis it has encountered. Having swallowed industry, trade and finance, it has now turned its greedy eyes on land and peasantry, along with peoples’ Assets in the public sector including public infrastructure and services in health, education and social welfare. Most importantly, it has its gaze fixed on fertile tropical and subtropical land and...

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44% of MLAs who switched parties joined BJP: ADR report

-The Hindu Its analysis says recontesting MLAs’, MPs’ Assets went up by 39% An analysis of MLAs who switched parties and recontested elections from 2016 to 2020 has found that the BJP was the biggest gainer, while the Congress accounted for the most MLAs who quit to join another party. The Association for Democratic Reforms (ADR) report released on Thursday analysed the election affidavits of 443 MLAs and MPs who switched parties and...

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The pandemic has hampered social auditing of MGNREGA

When a massive sum of public money is spent on a programme like Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA)--a demand-driven programme, there is likelihood of financial misappropriations and mismanagement. Thankfully there are checks and balances in the rural employment guarantee legislation to counter such malpractices. It is worth noting that the total allocation under the Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA) for 2020-21 was Rs. 1,11,500.00 crore (R.E.), up...

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MGNREGA emerges as important source of employment during pandemic -Ravi S Singh

-The Tribune Under the programme, 344 crore person-days employment generated so far this financial year; 1.69 crore new job cards New Delhi: The flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) emerged as a crucial source of employment to wage seekers in the country, especially the returnee migrant labourers, during the Covid-induced national lockdown. The highest ever 344 crore person-days employment has been generated so far this financial year (2020-21). It is...

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