-The New Indian Express The recent socio-economic and caste census (SECC) 2011 data on deprivations is profoundly disquieting. At the global level too, the latest data on economic inequality is equally disconcerting. That 75 per cent of rural households in India earn less than Rs 5,000 per month or around Rs 33 per capita per day and that over 40 per cent are landless and work as manual casual labourers even...

-The Indian Express Under the plan, the state governments will identify the clusters in accordance with the framework for implementation prepared by the Ministry of Rural Development. In a bid to transform rural areas to economically, socially and physically sustainable spaces, the Cabinet Wednesday approved the Shyama Prasad Mukherji Rurban Mission (SPMRM) with an outlay of Rs 5,142.08 crore to set up 300 rural clusters across the country by 2019-20. “The mission...

-The Hindu The Union Cabinet gave ex post facto approval on Wednesday to provide an additional 50 days of work to Mahatma Gandhi National Rural Employment Guarantee Scheme beneficiaries during the current financial year wherever drought or natural calamities have been notified. The scheme guarantees 100 days of work. The decision will enable the States to provide additional wage employment to the rural poor in drought-affected areas, the release said. “The poorest...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on Economic Growth. Both macroeconomic and sectoral analysts have turned cautious and some...

-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...