Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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COVID-19 lockdown has impacted rural livelihoods severely, shows recent report by a group of NGOs
-Press release by VikasAnvesh Foundation, Sambodhi, Professional Assistance for Development Action (PRADAN), BAIF Development Research Foundation (BAIF), Action for Social Advancement (ASA), SATHI-UP, Aga Khan Rural Support Programme (AKRSP), Grameen Sahara and Transforming Rural India Foundation (TRIF), dated 13th May, 2020 One of the largest surveys to assess the impact of COVID 19 and the lockdowns on the rural poor was recently undertaken by leading Indian NGOs. The collaborating NGOs have footprints...
More »Covid-19 pandemic could lead to 4 per cent loss of real GDP for India: CRISIL Research -Surabhi
-The Hindu Business Line Gross non-performing Assets of banks could rise to 11 to 11.5 per cent this fiscal CRISIL Research has stated that the current coronavirus pandemic could lead to a four per cent permanent loss to real Indian gross domestic product (GDP) and said that more fiscal stimulus will be required. Most economies across the globe are unlikely to see normal conditions until 2022 due to the current coronavirus pandemic and...
More »The Exodus of Finance from the Third World -Prabhat Patnaik
-Newsclick.in This unwillingness of finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external debt. There is an exodus of finance from the Third World at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of finance...
More »The new challenge for Census 2021 -Devesh Kapur and Neelanjan Sircar
-Hindustan Times The CAA-NPR-NRC controversy may deter citizens from offering authentic information Amid the anger and acrimony over the Citizenship Amendment Act (CAA), the National Population Register (NPR), and a possible National Register of Citizens (NRC), which the government has said has not been finalised yet, there has been little thought regarding its effects on another growing challenge — the quality of official data. In the last few years, official data...
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