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...
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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 »'Government isn't able to provide even small jobs': Unemployment, anger in Jaipur's informal sector -Madhav Sharma
-Scroll.in Effects of demonetisation and GST continue to be felt across the country on the eve of the elections At three grimy market squares in India’s pink city of sandstone palaces, the fates of a former farming couple, a former factory owner, and a graduate illustrated how difficult it now is to find even a job of hard labour, as a general election looms in a country witnessing record unemployment. It had been...
More »Unkind cut in pension scheme: nothing for dependants -Basant Kumar Mohanty
-The Telegraph Centre to eat up savings in case of death of subscriber and spouse The Centre will swallow the contribution of unorganised workers under a new pension scheme in the event of the death of the subscriber and his or her spouse, according to an official notification. Contributory pension schemes usually ensure payments to dependant and unmarried children. However, the notification for the Pradhan Mantri Shram Yogi Maan-dhan, announced in the interim Union...
More »An appeasement Budget -Puja Mehra
-The Hindu The Interim Budget makes clear the class hierarchy in the Modi government’s scheme of populism Interim Budget 2019 has sought to make amends for all the wrongs of almost five years of the Narendra Modi government. For example, the debilitating impact of demonetisation on the informal sector that employs nearly 90% of the workforce had long been suspected on the basis of anecdotal evidence. The findings of the National Sample...
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