-Livemint.com/ Bloomberg Corruption being rife though, Mahatma Gandhi National Rural Employment Guarantee Act has boosted agricultural wages and rural-labour market Over the last 10 years in India, perhaps no other law has sparked such sustained debate as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), universally known as ‘Narega.’ Passed by the previous Congress government in February 2006 and upheld by the Narendra Modi administration, it’s given rise to the...
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Golden yields - Focusing on agriculture alone will not improve farm incomes -Shubhashis Gangopadhyay
-The Telegraph The recent budget talked about the government's plan to double farm incomes in the next five years. This will be done through investments in rural infrastructure, especially irrigation. About 50 per cent of land under foodgrain production in India is irrigated. This means that half of the foodgrain producing land in India faces weather uncertainties and, hence, those working on them face annual (seasonal) variations in income. These variations...
More »Pulse of the matter -Vivek Kaul
-The Asian Age The Economic Survey of 2015-2016 is a lovely document which goes into great detail on what is wrong with India on the economic front and offers good workable solutions to solve these problems. One of the points that the survey makes is regarding Indian agriculture becoming cereal-centric. The reason for this lies in the fact that the government procures rice and wheat from farmers at the minimum support price...
More »Union Budget 2016-17: Mere eyewash or some concrete steps
In the age of social media, various sections of the Indian polity and civil society have reacted publicly in diverse voices, following the presentation of the Union Budget 2016-17 by Finance Minister Shri Arun Jaitley. An assessment of the Union Budget 2016-17 has been done in the following paragraphs by the Inclusive Media for Change team, based on a number of media reports, Government documents (including the Budget documents), and reports...
More »Growth data send conflicting signals
-The Hindu The latest GDP data released by the Central Statistics Office (CSO) raise more questions than they answer. While on the face of it, the projection of 7.6 per cent growth at constant prices for the fiscal year ending March 31 sounds both attainable and impressive, a closer look at the other sets of numbers, including the third-quarter reading, raises some flags. The pace of economic expansion is estimated to...
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