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 »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...
More »Drought in Rajasthan: From unemployment to school dropouts, Barmer sees exodus for works as crops fail India -Sandeep Kumar Meel
-Firstpost.com Rajasthan’s relationship with summer is not a pleasant one. The shortage of water in the region only adds to the misery of the people. Even before the onset of summer, over 5,000 villages in nine districts in Rajasthan — Barmer, Churu, Pali, Bikaner, Jaisalmer, Jalore, Jodhpur, Hanumangarh and Nagaur were declared ‘drought-affected’ by the state government. The drought in this area affects the economy of the region as employment options...
More »Farm loan waivers kill credit culture, says Raghuram Rajan
-PTI NEW DELHI: India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday. "First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that farm loan waivers are not the answers. But there are other answers," he said when asked about what should...
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