Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...

-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....

-TheWire.in The new vision wants youth to figure out education and skills on their own but still expects them to be the drivers of economic progress. Piyush Goyal, presenting the interim budget, called it a road map for peoples’ development – a fitting description for an election year budget. Accordingly, it contained the expected sops to farmers (income support), to the middle class and home owners (increase in income tax and rental...

-Newsclick.in The Interim Budget granted a paltry Rs 500 per month to farmers as relief, fund cuts for dalits, adivasis and minorities, and was silent on agricultural and Industrial Workers. It was the theatre of absurd in the Lok Sabha on Friday as replacement Finance Minister Piyush Goyal presented the Interim Budget through an election speech, tom-tomming the so-called achievements of the Narendra Modi government over the past five years, offering an...

-TheWire.in Thousands of workers, mostly migrants, have been going hungry because of what they call "environmental injustice." New Delhi: Outside a small room in Wazirpur industrial area, Kameshwar Paswan, dressed in a white vest and red ‘gamcha’ is on the phone. His face is tense as he listens. “Don’t worry, I’ll arrange for it soon,” he says, and hangs up. He had stepped out to take a call from his son in...