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India third on black money list: report

-PTI Global Financial Integrity puts the cumulative illicit money moving out of the country at Rs 28 lakh crore in 10 years Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a...

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Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya

-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

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Activists against proposed changes in MNREGA

-PTI A post card campaign will be launched from tommorrow by some city-based activists against the Centre's proposal to make changes in the MNREGA scheme which will affect the poor people. As per the plan, around 1,000 letters will be sent to the PMO everyday till May 1, asking the government not to bring any changes in the scheme. "The NDA government proposed a 15 per cent reduction in the budget allocation...

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Modi U-turn for the better: Changing NREGA would have been a mistake -Rajesh Pandathil

-FirstPost.com Not all U-turns are bad. Some are good, like the one by the NDA government on the MNREGA, also called NREGA . For the uninitiated, the new NDA government had about three months back proposed to make changes to the pro-poor scheme launched by the erstwhile United Progressive Alliance. According to media reports that cited a circular, the proposal was to amend the NREG Act by restricting the area of work...

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Limiting MGNREGS to poorest districts will not help, finds survey -Rukmini S

-The Hindu Targeting households rather than districts may be more effective, says NCAER official Would confining India's flagship rural jobs scheme to the 200 poorest districts direct the benefits to those who need it most? New data indicates that this is unlikely to be the case - little separates India's poorest districts from others, and both sets rely on the scheme. In early October, reports surfaced that the Union government was considering restricting...

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