-Business Standard The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) helped lower poverty by  32 per cent between 2004-05 and 2011-12, lifting almost 14 million in this regard, says a recent survey by the National Council for Applied Economic Research and the University of Maryland. The study involved 26,000 households and used data from the two rounds of the India Human Development Survey, 2004-5 and 2011-12. In this period, though overall economic...

Although MGNREGA has been looked upon with suspicion by the Government, industry as well as the landed farming class for various reasons including inefficiency, leakages, corruption, rise in rural wages, cost escalation etc., a new report reveals that the programme reduced poverty among its participants between 2004-05 and 2011-12 by providing employment. The report entitled Mahatma Gandhi National Rural Employment Guarantee Act: A Catalyst for Rural Transformation has estimated that...

-The Hindu The programme reduced poverty by up to 32 per cent and prevented 14 million people from falling into poverty. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) reduced poverty by up to a third and gave a large number of women their first opportunity to earn cash income, a new research has found. Officials from the Ministry of Rural Development (MoRD) and the National Council of Applied Economic Research (NCAER)...

-India Infoline News Service   Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...

-The Times of India NEW DELHI: In probably a first-of-its-kind initiative, over 15,000 people, including the country's top industrialists have launched a signature campaign, urging lawmakers to allow Parliament to function, debate and legislate. Since its launch on Saturday, the petition on change.org has been signed by leading industry captains such as Rahul Bajaj, Infosys founder Kris Gopalakrishnan, Pawan Munjal of Hero MotoCorp, Adi Godrej, Kiran Majumdar-Shaw, GVK's GV Sanjaya Reddy, GE...