-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...
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Lower returns on produce behind farmers' distress -Roshan Kishore
-Hindustan Times Profitability takes a hit as real MSPs have not risen over the years New Delhi: Most commentary around rural anger in India has been focused on either the sector’s growth performance or government spending on agriculture. Such analysis is likely to present an incomplete picture at best. Government spending on agriculture is a small fraction of the total agricultural economic output. In 2017-18, the ministry of agriculture’s spending was less...
More »Index NREGA wages to rural inflation: Rural development ministry -Subodh Ghildiyal
-The Times of India NEW DELHI: In a bid to ensure higher returns for labourers in MGNREGA, the Union rural development ministry has again asked the finance ministry to index the wages under the job guarantee scheme to Consumer Price Index (rural - CPI-R) in place of the current CPI (agricultural labourers - CPI-AL). The RD ministry has argued that CPI (R) better reflects the present consumption pattern among rural households unlike...
More »Rural wage blow looms -Basant Kumar Mohanty
-The Telegraph New Delhi: The national rural job scheme is set to witness the lowest wage revision since the project was launched. The Union finance ministry is learnt to have rejected a proposal to change the formula for revising the wage rate for 2018-19 under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for 2018-19. The rates in 10 states, including Bihar, Jharkhand, Uttar Pradesh and Uttarakhand, are expected to remain unchanged,...
More »CPI for industrial workers up at 3.97% in Nov as food items get costlier
-PTI The All-India CPI-IW for November increased by 1 point and pegged at 288 New Delhi: Retail inflation for industrial workers rose to 3.97 per cent in November 2017 mainly due to surge in prices of food items, kerosene and cooking gas. "The year-on-year inflation measured by monthly CPI-IW (Consumer Price Index-Industrial Workers) stood at 3.97 per cent for November, 2017 as compared to 3.24 per cent for the previous month (October, 2017)...
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