The government owes crores of rupees to workers under its flagship rural jobs scheme as wages for April and May, even though payment is not supposed to be delayed by more than a fortnight. Wage payments of Rs283 crore are due for the first two months of the ongoing fiscal under the Mahatma Gandhi National Rural Employment Guarantee Scheme, according to data available with the rural development ministry, which oversees the...
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Quality auditing of rural job scheme to be conducted
The Union government has decided to conduct a quality auditing of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) in at least two districts in each State over the next eight months. A circular from the Ministry of Rural Development says the objective is to study whether the work carried out were properly planned, designed and executed and whether the assets created were of good quality, economical, productive and durable...
More »Proposal called for doubling NREG man-days, Finance said no by Gunjan Pradhan Sinha
The Finance Ministry has turned down a proposal for doubling the number of employment days guaranteed to below poverty line people under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA). The Rural Development Ministry had proposed doubling the minimum days for employment from 100 to 200 days and also called for linking the wage rate to the annual inflation rate. “The Ministry had written to us asking for funds to...
More »Poverty haunts India's economic miracle
When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...
More »Hernando de Soto interviewed by Shekhar Gupta on NDTV’s Walk the Talk
Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
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