-The Hindu Reason: inordinate delay in sanctioning of funds by Centre Theni (Tamil Nadu): Thousands of labourers, who registered their names with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), in rain-fed and drought-prone areas of the district are jobless due to the inordinate delay in sanctioning of funds by the Centre. The delay has not only stalled ongoing works but also affected implementation of new ones, according to officials in village...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »NREGA spiked rural wages only 10%, rest is from MSPs: Rajan
-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...
More »Govt will not reduce food, fertiliser subsidy
-The Deccan Herald The government will not reduce subsidy on food items, fertilisers and development schemes in the current financial year starting April from what was paid in 2013-14, Minister of State for Finance Nirmala Sitharaman said. "The government does not plan to cut subsidies given in schemes like Mahatma Gandhi National Rural Employment Guarantee Act and National Food Security Act," the minister said in reply to a question in the Rajya...
More »Big monsoon picture masks agony on the small farm -Sanjeeb Mukherjee
-The Business Standard Rainfall shortage in Rajasthan to hit summer and winter crops Alwar (Rajasthan): Khajura Ram has an agonising fortnight ahead. If it does not rain in the next 15 days, he not only will have a poor summer bajra crop; his winter wheat or mustard will suffer as well because it will have to be planted late. "By the middle of August, the bajra crop should have been ready for harvesting...
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