Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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The swarm before the storm -KD Prathapan
-Frontline.in As the threat of a locust attack looms, and as climate change threatens to increase the frequency of such attacks, Indian agriculture needs a more durable and long-term strategy to fight the menace. Life in the desert is defined by scarcity of water. The harsh, prolonged dry spells further restrict the availability of food resources for much of the year. Plants and animals in the desert have evolved various strategies to...
More »Will Bihar's Economy Rise to the Reverse Migration Challenge? -Santosh Mehrotra and Baikunth Roy
-TheWire.in Even if up to half of the returned migrants leave the state again, the question of how the rest will find gainful employment is both a political and economic issue. One way of looking at India’s lockdown’s strategy was that it came too early, was the strictest of any country, and is now being done away with at a juncture when cases have not even peaked. The worst is still to...
More »The Peshwa’s tax holiday: How the Mughals and Marathas dealt with distress Migration -Mario da Penha
-The Hindu Diverse regimes in Early Modern India often saw the distress Migration of rural inhabitants when, much like today, displacement became the forced choice between hope and hunger The scale of the migrant labourer exodus from the precariousness of cities to the security of their home villages has few parallels in Indian history. Economist Chinmay Tumbe estimates that by the end of May, no fewer than 30 million Indians had moved...
More »Economic data will help policy
-Hindustan Times Release the consumption survey. And ramp up research The Indian economy is set to contract this year. Economic policy must have two clear objectives. It must do all it can to ensure growth revival. And until that happens, the State must ensure that the poor are able to maintain at least basic standards of living. Achieving these goals requires detailed information about the economy. What were household incomes before the...
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