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Cut in NREGA allocation may hit FMCG firms-Meghna Maiti

The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...

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The Rs 28 Diet Plan-Anuradha Raman

Trying—and failing—to live on the govt’s definition of ‘not poor’ Dietetics Of Poverty     Three cups of tea, adding up to about 150 calories     Two slices of bread (100 calories)     Two pieces of kulcha with chhole (about 425 calories)     Bread and tea hardly contain any nutrients. Milk may provide some calcium.     Near-starvation diets, with hardly any vitamins or minerals, can lead to a breakdown of muscles and weight loss over a...

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India faces rising labour force, inequality-Prashant K Nanda

Sounding a note of caution, the Economic Survey has stressed that for “growth to be inclusive” India must create adequate employment opportunities—a call that underlines existing inequality, including urban-rural income disparity, and concern that it may increase as more young people enter the job market. While India’s unemployment rate has dropped from 8.2% in 2004-05 to 6.6% in 2009-10, the number of jobless is still huge in absolute terms. The...

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Economic Survey: Rural job freeze plan leaves Jairam fuming

-The Economic Times   Could the Centre freeze the job guarantee scheme during peak agriculture season?  The controversial demand from the agriculture ministry found an echo in the Economic Survey released on Thursday, but was quickly dismissed by rural development minister Jairam Ramesh. While lauding the flagship scheme, the survey listed a few other measures as the way forward. "While the overall performance of MGNREGS has been good, there is scope for improvements...

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Maya’s latest is sandstone mansion in Lucknow by Lalmani Verma

It’s a two-storey palatial structure of deep pink sandstone, with granite floors and a massive dome. It’s coming up at 9 Mall Avenue in Lucknow — outgoing chief minister Mayawati’s latest acquisition of prime real estate in the city. It is fenced by high pink sandstone walls, with four watch towers manned by security personnel at the corners. Barricades on the road in front kept out the curious crowds who went...

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