-The Hindu   The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...

-The Business Standard Rainfall shortage in Rajasthan to hit summer and winter crops Alwar (Rajasthan): Khajura Ram has an agonising fortnight ahead. If it does not rain in the next 15 days, he not only will have a poor summer bajra crop; his winter wheat or mustard will suffer as well because it will have to be planted late. "By the middle of August, the bajra crop should have been ready for harvesting...

-The Tribune The UPA's flagship programme MGNREGS changed the employment scene for the rural poor. While 100-day job guarantee was a novel step, loopholes and poor implementation rendered it a liability. The Modi govt hopes to gradually reinvent the scheme, if not entirely scrap it. Midway through the Congress-led UPA's second tenure - believed to be largely the courtesy of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) -...

-The Hindu   Unlike the success story of the tea stall owner who became Prime Minister, there are many others whose dreams have been forgotten. But their lives have been rebuilt by MGNREGA Right next to the village home in Devdungri, Rajsamand, Rajasthan where I lived and worked with Mazdoor Kisan Shakthi Sangathan from 1998, live Chiman Singh and his wife Meera. Both of them used to migrate to Ahmedabad for six months...

-The Business Standard   Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...