-The Economic Times   The government has amended its landmark Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) to ensure that beneficiaries receive wage entitlements under the Act within 15 days through institutionalised channels, like banks and post offices. The amendment to Schedule II of the MGNREGA now makes it mandatory under the law for state governments to ensure that every beneficiary has a bank or post office account and the disbursements...

The Centre is likely to ask states to devote 2% of the funds allocated to them under its flagship rural employment guarantee scheme for providing easy Banking services to the rural poor. A funding crisis had hit the government's earlier effort to leverage the Banking correspondent, or BC, model for the beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) after banks refused to bear the cost of...

-The Indian Express   Great expectations are pinned to the upcoming monsoon session of Parliament, given the sheer volume of unfinished legislative business, and the amazing free fall of the past few months. The opposition’s passive-aggressive behaviour and the government’s reflexive obduracy over a JPC were the reason the winter session had to be written off, and that certainly contributed to the clear authority vacuum of recent months, even as agitations...

Experts at a discussion on "Two decades of economic reforms: The way forward", organized by CII, Bihar state centre, said the economic reforms had not lessened the urban-rural divide; hence rural people could not generate substantial demand in the economy, though the savings rate enhanced in the last two decades. Director, Asian Development Research Institute, P P Ghosh, said the savings rate had increased from 12% in 1951 to 35%...

-The Telegraph   The government plans to revisit the minimum space criterion for special economic zones as developers are facing problems in acquiring land. “Land issues are critical... I think the minimum size is something that needs to be looked at again definitely. You are not going to find 5,000 (hectares) of land area, it is a pipe dream. It’s not going to happen... I think that’s something we need to talk...