-Livemint.com Delays in replacing the currency risk prolonging the pain in the $2 trillion economy, where about 98% of consumer payments are made in cash Mumbai: For people expecting respite from the government’s clampdown on cash, here’s a reality check: it probably won’t come soon. Prime Minister Narendra Modi’s administration may need until May 2017 to replenish the stock of now worthless bills, according to Saumitra Chaudhuri, an economist who advised Modi’s predecessor....
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Retaining MGNREGA's core -Brinda Karat
-The Hindu Held to account by the Supreme Court, the Central government is using opaque methods to change the key provisions of the employment guarantee scheme and make it targeted instead of universal. There is a pithy saying in Hindi that the elephant has two sets of teeth, one for show and the other to eat. This seems an apt description of the approach of the Narendra Modi government towards the implementation...
More »No direct cash transfers under revised fertilizer subsidy regime -Gireesh Chandra Prasad
-Livemint.com New system to settle dues to fertilizer firms within a week, record detailed transaction data at time of sale New Delhi: The direct benefits transfer (DBT) scheme for fertilizers that will go on trial in eight districts this month will not entail what its name suggests— the transfer of cash to farmers’ bank accounts. Under the direct transfer of liquefied petroleum gas (LPG) subsidy, customers pay the entire amount for cooking...
More »Job scheme rap on Bengal
-The Telegraph New Delhi: The Centre has slammed 12 states, including Bengal and Bihar, for not taking any steps yet to comply with a Supreme Court directive on compensating workers for delayed wages under the national job guarantee scheme. In a letter this week, the rural development ministry said this was "not an acceptable situation". The letter written by Aparajita Sarangi, the joint secretary handling the MGNREGA scheme, said 20 states had started...
More »Additional days of work available under MGNREGS not taken up in drought hit states
Two back-to-back reports that shed light on the status of MGNREGA implementation in the country, have been released recently from the Ministry of Rural Development (MoRD). A review of MGNREGA implementation in 8 different states of India by a team of experts during the month of May this year reveals that in many of the drought affected districts, the Gram Panchayats have no work to offer under the programme. (Please click...
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