-PTI Retail inflation shot up to the double digit mark at 10.32 per cent in April on account of substantial increase in vegetable, edible oils and milk prices. Based on the Consumer Price Index (CPI), the inflation for March was revised to 9.38 per cent from the provisional estimate of 9.47 per cent, as per the government data release here on Friday. Vegetable prices recorded the maximum of 24.55 per cent, followed by...

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

The Government of India has formally launched the news Guidelines of the MGNAREGA based on the Mihir Shah Committee report. The news guidelines include many new works under conservation activities and it strengthens the hands of the village panchayats and gram sabhas. However, the list of works does not include the activities under the system of rice intensification (SRI) which encourages scientific method of paddy cultivation with better yield in...

-The Hindu The Centre on Tuesday unveiled the expanded version of the Mahatma Gandhi National Rural Employment Guarantee Act, allowing over 30 new permissible works, as productivity-enhancing activity. The gram panchayats alone have been empowered to decide on the priority of work to be taken up. Union Minister for Rural Development Jairam Ramesh, who tabled in Parliament a copy of the new notification, and Planning Commission member Mihir Shah told reporters that...

Union Ministry for Rural Development has notified 30 new works under MGNREGA, majority of which are related to agricultural and allied activities, besides the works that will facilitate rural sanitation projects in a major way. The works have been divided into 10 broad categories like Watershed, Irrigation and Flood management works, Agricultural and Livestock related works, Fisheries and works in coastal areas and the Rural Drinking water and Sanitation related...