-The Indian Express Far from the excitement of entering a new grade, thousands of EWS children are facing an uncertain future as they reach Class IX. With parents being asked to pay fee they cannot afford, The Indian Express looks at what caused the crisis New Delhi: As a five-year-old in 2011, when her parents walked her to school, she craned her neck to try and take in the expanse of...
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Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »Rural distress is real: Negative monthly growth of real wage rates witnessed in rural areas for 9 consecutive months, starting from November 2017
Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
More »Pathways to an income guarantee -Ram Singh
-The Hindu There is a compelling case for spending Rs. 3.6 lakh crore on the poor, but it must be done carefully The idea of a minimum income guarantee (MIG) has caught up with political parties. A MIG requires the government to pay the targeted set of citizens a fixed amount of money on a regular basis. With the promise of the Nyuntam Aay Yojana (NYAY) by the Congress party, it is...
More »CPI(M) promises unemployment dole -Sobhana K Nair
-The Hindu Manifesto includes repealing AFSPA. Targeting the Narendra Modi government for a 45-year high in unemployment figures, the Communist Party of India (Marxist) (CPI-M) in its manifesto, released on Thursday in Delhi, said the “right to work” should be enshrined in the Constitution and there should be a provision of allowance for those without jobs. The party’s campaign song too captures the party’s accusation with lyrics that say “Aab ki baar, Modi...
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