-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total budget allocation for NREGA is 34 percent less than the revised budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...
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Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs
-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...
More »Kerala floods and the CAG alarm bell that went unheeded -AM Jigeesh
-The Hindu Business Line The 2016 report had flagged the disastrous impact of unchecked illegal constructions; but it was never tabled in the Assembly Early warnings of a 2016 draft report of the Comptroller and Auditor General’s (CAG) Kerala office about the disastrous implications of the environmental degradation due to unchecked and illegal construction activities in the State seem to have been buried, with the report inexplicably not getting tabled in the...
More »Government programmes to increase yield, better seeds will aid production of pulses -S Geetha
-Down to Earth The demand for pulses by 2030 will be 32.64 million tonnes There is no verified report that the country’s farmers are ceasing pulse cultivation. The production of pulses has increased through the years, from 8-15 million tonnes till 2006-07 to 16 million tonnes in 2015-16, 23.13 million tonnes in 2016-17, 25.23 million tonnes in 2017-18 and eventually, 25.58 million tonnes in 2020-21, due to the concerted efforts of research...
More »TEQIP III: Only Bihar, Uttarakhand continue with highly qualified teachers in engineering colleges -Sumi Sukanya Dutta
-The New Indian Express Nearly 1,500 technical education teachers across 18 states had joined on a temporary basis in technical Institutions in backward or “aspirational” districts in 2018. NEW DELHI: Despite intervention by the Union education ministry, only two states so far -- Bihar and Uttarakhand -- have agreed to absorb pass-outs from the Indian Institutes of Technology and National Institutes of Technology that were recruited in engineering institutes in rural and...
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