-Down to Earth MGNREGA budget has declined in real terms over the years, despite claims of “highest ever” allocations In 2004, before India had any legal welfare entitlements for the informal sector, the National Rural Employment Guarantee Bill, was furiously debated in the Parliament and the media. The aim of this legislation was to address the crisis of under employment and unemployment in the rural economy and provide job opportunities through public works...
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NEERI pitches for cage-free housings in poultry farms -Mayank Aggarwal
-Livemint.com A report by NEERI recommends that suitable rebate in tax or subsidies may be given to poultry farms to encourage owners to give up the present caged system New Delhi: Poultry owners should understand that animals raised for food too deserve to live free from cruelty, and so, layered battery-cage systems in India’s poultry industry should be replaced with cage-free housings in a phase-wise manner, according to a report by the...
More »Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin
-The Indian Express The Rs 577-crore Bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. New Delhi: The government’s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577...
More »India has gone from British Raj to Billionaire Raj: Report
-The Times of India NEW DELHI: Inequality in India may be at its highest level since 1922, when the country's income tax law was conceived, with 22% income accruing to the top 1% income earners, a new paper released by economists Thomas Piketty and Lucas Chancel showed. "The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in early 1980s and rising...
More »Demonetisation is a Clear Case of How Public Policy Should Not be Made -Arun Kumar
-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
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