-The Hindu Retail inflation too inches up in February New Delhi: Retail and farm gate prices surged in February as food articles and fuel products became more expensive. Data released on Tuesday revealed that consumer price index (CPI) based inflation rose to a four-month high of 3.65 per cent in February this year as against 3.17 per cent in January. It was, however, much higher at 5.26 per cent in February last year. Meanwhile,...
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What you can do with Re 1 in India -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre has raised wages under the rural job guarantee scheme - by the princely sum of one rupee a day in many states. The increase is the lowest in the 11-year history of the Mahatma Gandhi National Rural Employment Guarantee Act, and leaves its wage rates in 11 states stuck far below their minimum wages, set by the state governments. The eastern states are the worst hit. As...
More »Retail inflation cools to 5-year low of 3.2% in January
-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...
More »MGNREGS discussions must go beyond budget allocations -Dipti Jain
-Livemint.com MGNREGS has to cover significant ground to evolve as an effective demand driven asset creating public work programme Union finance minister Arun Jaitley’s claim that he was making the highest ever allocation to Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in this year’s budge made headlines. Here are five questions which can help understand why MGNREGS related discussion needs to go beyond talks of budgetary allocation. * Is 2017-18 record allocation for...
More »Proposal for parity between rural job wages, minimum wages put on hold -Elizabeth Roche
-Livemint.com Rural ministry wants same parameters of rate change in MGNREGS as state wages New Delhi: The rural development ministry has put on hold a recommendation by a high-level panel constituted by the previous Congress-led United Progressive Alliance government for parity between the wages paid under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and the minimum wages set by different state governments. Rural development secretary Amarjeet Sinha on Wednesday said the...
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