The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...

The Central government has revised wages of agricultural labourers under the Mahatma Gandhi National Rural Employment Guarantee Scheme. The new wages are based on the consumer price index (CPI), as suggested by Prime Minister Manmohan Singh, and are retrospectively effective from January 1, 2011. Linking wages to CPI has enhanced them from 17% to 30%. The revised salaries will benefit over 50 million people across India. The base wage, which was...

MP Ramesh Jigjinagi has instructed the officers concerned to ensure that the funds released under Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) are utilised properly and jobs are provided to the needy in rural areas of the district. Speaking after reviewing various development works taken up under Central funds here on Thursday, he said that employment cards provided under the scheme should be renewed every year to stop misuse of...

The government's biggest welfare programme could see an almost 60 per cent increase in funding. The forthcoming Budget is likely to make a provision of Rs 64,000 crore (Rs 640 billion) for the Mahatma Gandhi National Rural Employment Guarantee Scheme in 2011-12, against Rs 40,100 crore (Rs 401 billion) in the current fiscal. The huge increase in outlay will be mainly on account of two factors: Linking wages under the scheme with...