-The Indian Express Data that suggests young workers are increasingly turning to the scheme is a sign that must worry policymakers After the contraction of factory output by 1.1 per cent in August compared to the past year, the sharp decline in commercial credit in the year till September and other such gloomy indicators, come fresh signs of the deepening slowdown. As this paper has reported, the proportion of young workers, those...

-CounterCurrents.org Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) this year has almost come to a standstill. While the nation is debating the economic slowdown and falling demand in the rural areas , economists emphasizing that increase in the rural income and generating resources for the poor as a potential solution to the on going crisis, the so called world’s largest job scheme remains neglected by the Government of India. While focusing...

-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...

-Scroll.in The economist, who was awarded the Nobel prize on Monday, spoke just last week about what Indian policymakers need to do. Abhijit Banerjee, the renowned economist who was one of three awarded the Nobel prize for economics on Monday, put together some prescriptions for what the Indian economy needs right now. The last item on the list? “Pray.” On the next list, for the longer run? “Pray more.” Banerjee was speaking...

-The Hindu While indexation of the NREGA wages is critical, lifting them to the minimum wage would help workers and the economy The government made two recent announcements at two ends of the spectrum to mitigate the economic crisis. One concerns a new indexation of NREGA wages meant to increase rural incomes. The second is a reduction in corporate tax rate. Prices of commodities increase each year, so it’s important to accurately estimate...