-TheWire.in It will greatly bring down the poverty reduction impact of the programme, harm the construction of much-needed rural infrastructure and dramatically diminish the labourers’ bargaining power vis-à-vis the farmers. At the recent fourth governing council meeting of the NITI Aayog, the government announced the formation of a sub-group of chief ministers to propose ways of linking the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with agricultural activities. The group is headed...

-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...

-Livemint.com Despite claims of an economic recovery, rural wage growth of non-agricultural labourers continued to be in negative territory for the fourth month in a row Data released by the Central Statistics Office last month suggested a recovery in economic growth during the fourth quarter of 2017-18, with the economy expanding by 7.7% compared to that in the first quarter, when growth was at its lowest at 5.7%. This has given some...

-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...

-BusinessToday.in New Delhi: Prime Minister Narendra Modi is a great orator. He also makes grand announcements about ambitious targets, leaving hapless officials and others to work out the details. And sometimes, exactly what he meant while making that announcement is not very clear to the people tasked with working out strategies and policies to achieve that target. One example is his speech during the Kisan Rally in Bareilly, UP, on 28th February...