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Fact check: Is the demand for MGNREGA jobs declining, as Finance Minister Nirmala Sitharaman claims? -Nidhi Jacob

-Factchecker.in/ Scroll.in MGNREGA is a social security and employment scheme which aims to provide at least 100 days of guaranteed employment in a year to every rural household. Union Finance Minister Nirmala Sitharaman, while addressing the Lower House of the Parliament on December 14, claimed that the demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act is declining. “There is now very obviously a declining demand for jobs in the...

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Credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23: RBI report

-The Hindu ‘Commercial banks may have to raise deposit rates more to meet a surge in credit demand; while banks have swiftly transmitted increases to lending rates, deposit rates have Been laggards for most’ Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth...

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Latest Christian Aid report identifies top 10 climate disasters of 2022

-Press released by Christian Aid dated 27 December, 2022 * Study identifies the year’s 10 costliest extreme events influenced by the climate crisis - each caused more than $3 billion in damage. * Report also examines 10 other extreme events that caused massive human and environmental damage, mostly in the poorest countries. * The floods that submerged parts of Pakistan in June displaced 7m people and caused more than $30 billion in estimated...

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MGNREGA: Central squeeze to cost 30 lakh Bengal families -Basant Kumar Mohanty

-The Telegraph No other state has ever Been denied funds for such a long period under the scheme, which provides for up to 100 days of paid, unskilled work to every rural household in a year New Delhi: The Centre’s decision to stop funds to Bengal under the Mahatma Gandhi National Rural Employment Guarantee Act will have denied job opportunities to 30 lakh rural families in the state this year, a study...

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MGNREGA workers in West Bengal have not received wages since December 26, 2021

-Press release by NREGA Sangharsh Morcha dated December 26, 2022 * Centre withheld over Rs. 7,500 cr funds, Rs. 2,744 cr due to NREGA workers * Centre hasn’t sanctioned labour budget for 2022-23 * Loss of around Rs. 3,891-Rs. 6,046 crores of NREGA wages this FY due to stoppage of work * Average days of work for the current year dropped to meagre 23 from 63.46 days (pre-covid) and 49.96 days (post-covid) Victimisation of workers: MGNREGA...

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