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Nomura says slowing rural wages should bring inflation down

-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both Rural Demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

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'Employment Day' to widen rural jobs coverage -Basant Kumar Mohanty

-The Telegraph New Delhi: Panchayat officials often fob off people seeking work under the rural job guarantee scheme, keeping the programme's implementation poor in states such as Bengal and Assam, the Centre believes. Delhi has now asked the states to get their gram panchayat offices to organise a Rozgar Diwas (Employment Day) at every ward every month, where work applications will be submitted and recorded at a public meeting. Such gatherings will...

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Welcoming migration

-The Business Standard A third of Indians migrate, but government ignores them A recent UNESCO report reveals how widely prevalent migration within India has become, and has once again revived the apparently endless debate on whether this trend should be curbed or encouraged. Under the United Progressive Alliance government, internal migration has been seen as a sign of distress rather than of aspiration, and thus there have been various bids to control...

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What's cooking in inflation numbers?-Soumya Kanti Ghosh

-The Business Standard Changing aspirations and strong Rural Demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...

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NABARD Launches New Scheme to Advance Direct Loans

-Outlook Shimla: National Agriculture Bank And Rural Development has launched a Warehousing Scheme (NWS) to advance loans to Public and Private sector for creation of storage infrastructure with a corpus of Rs 5,000 crore during 2013-14. "A dedicated scheme for providing assistance for creation of storage infrastructure with a corpus of Rs 5,000 crore has been introduced, pursuant to announcement made by Union Finance minister in current year's budget and the scheme...

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