-Livemint.com In the last three years, wages of agricultural labourers have increased only by 0.5% per year while those of non-agricultural workers have declined by 0.25% per year, the worst so far in 30 years The agrarian economy continues to be plagued by falling output prices, declining incomes and increased variation in agricultural production pointing to a situation of uncertainty and vulnerability among most rural residents. This has created an unprecedented demand...

-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...

-Hindkisan.com Alarmingly, despite wages paid under MGNREGA being much lower than the standard minimum wage in most states, increasing number of people from rural households are applying for jobs under the employment scheme. This trend is an indicator of the mounting distress in the rural economy which is aggravated by paucity of jobs. Mocking the economic condition of the distressed rural working community, the Union Government has decided to uphold the low...

-Livemint.com The government expenditure on MGNREGS in 2017-18 was nearly Rs. 25,000 crore more than what was spent in 2013-14 New Delhi: The national rural employment guarantee scheme saw a record expenditure of Rs63,887 crore in 2017-18, the highest since it was launched 12 years ago, showed data provided by the government on Monday. However, high demand for work from rural households in a normal monsoon year (2017) also suggests acute rural distress,...

-Livemint.com The number of farmers covered under prime minister’s crop insurance scheme fell to 47.9 million in 2017-18, from a high of 57.5 million the year before, a sharp decline of 17% in just a year New Delhi: Despite the centre pumping more funds into its flagship crop insurance scheme, coverage among farmers is on the decline, according to figures released on Tuesday, indicating a decline in interest among farmers. The number of...