Before tinkering with the NREGA in the name of reforms, the government must ensure that the foundations of the scheme are strengthened. No change should be introduced without a rigorous debate that centrally involves its primary constituents. As the Union Ministry of Rural Development attempts to craft the architecture of what is being referred to as “NREGA 2,” the principles that constitute the basic foundation of the National Rural Employment...
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The Paper Rations
THE LAUNCH of free market liberalisation in 1991 triggered widespread prosperity for the Indian middle classes, making them the showpiece of India’s muchfêted economic boom. But little has ever changed for the bulk of the country’s poor, hundreds of millions of who continue to barely scrape through from day to day, doomed to extreme poverty and, consequently, malnutrition, disease and death. For decades, many among these millions have survived, however...
More »Multiplier accelerator synergy in NREGA
The concepts of multiplier and accelerator borrowed from macroeconomic theory illuminate the enormous potential of NREGA and help set standards that it must be judged by. Over the last few months, just as the economy entered its current recessionary phase, the mainstream media, which till then had been uniformly unswerving in their antipathy to NREGA (National Rural Employment Guarantee Act), suddenly began to sing its praises. In all the gloom...
More »Farm Suicides
KEY TRENDS • Suicide by self-employed persons in agriculture as a percentage of total suicides at the national level stood at 15.6 percent in 1996, 16.3 percent in 2002, 14.4 percent in 2006, 13.7 percent in 2009, 11.9 percent in 2010, 10.3 percent in 2011, 11.4 percent in 2012 and 8.73 percent in 2013. Suicides committed in the farming sector (by farmers plus agricultural labourers) as a proportion of total suicides in India was 9.4 percent in...
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Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
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