-Business Standard Govt told to be consistent on capital infusion criteria The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for overstating their net profit, by underestimating non-performing assets (NPAs) and under-providing for these bad assets during 2016-17. Also, there were differences in the classification of and provisioning for assets between five banks and the Reserve Bank (RBI) but as the...
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A mango plantation in Jharkhand shows how MGNREGA can really empower rural families -Inayat Sabhikhi
-Scroll.in Instead of wages for a short period of time, the family running the project in Lanka village will create an asset for life. Mahavir Parhaiya’s household in the remote village of Lanka in Latehar district of Jharkhand is bustling with activity. They are busy working on setting up a mango plantation on what was once a barren plot near their house, under the Mahatma Gandhi National Rural Employment Guarantee Act...
More »How MGNREGS Can Help The Rural Poor 'Step Out' Of Poverty And Climate Vulnerability -Koyel Kumar Mandal
-HuffingtonPost.com A safety net for the poorest and most vulnerable populations. Recently there has been a lot of debate in academic and policy circles about mainstreaming climate concerns in development programs in order to build the resilience of vulnerable communities. One such development initiative is the Mahatma Gandhi National Employment Guarantee Scheme (MGNREGS), whose main objective is to reduce rural poverty by providing a legal guarantee of 100 days' paid labour...
More »NREGA workers get lowest wage hike ever, Re 1 in some states -Shalini Nair
-The Indian Express In some states like Assam, Bihar, Jharkhand, Uttar Pradesh and Uttarakhand, the increase in daily wages under MGNREGA from April 1 is just Re 1. IN THE lowest wage hike under the Mahatma Gandhi National Rural Employment Scheme, the Centre has increased wages by an average of just 2.7 per cent this financial year. In some states like Assam, Bihar, Jharkhand, Uttar Pradesh and Uttarakhand, the increase in daily...
More »Wealth in India: The poor do not count -Manas Chakravarty
-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
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