-The Indian Express Congress manifesto should have promised better implementation of MGNREGA instead of another scheme In its previous ruling stint in New Delhi, the Congress’s flagship social welfare programme was MGNREGA, which provides 100 days of guaranteed wage employment in a year to every rural household whose adult members volunteer to do unskilled manual work. For its next shot at power, the grand old party is promising to implement a...
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The self-employment conundrum -Arindam Gupta
-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
More »Revalidate signal to labour bureau on Mudra job creation data -Basant Kumar Mohanty
-The Telegraph Only 1.12 crore jobs created in three years under the Mudra scheme, the bureau's data suggested New Delhi: A central government agency has been asked to “revalidate” data which estimated that only 1.12 crore additional jobs were created in three years under the Pradhan Mantri Mudra Yojana, a scheme Prime Minister Narendra Modi cites to defend his record on employment generation, sources have told The Telegraph. Several independent analysts suspect that...
More »A bitter harvest: farmers reap what politicians sow -Jayaraj Sivan
-The Times of India Farmer unrest in Tamil Nadu is a much-debated subject on the eve of the Lok Sabha polls. However, the widespread agrarian distress has been in the making for decades as successive governments have had little understanding of the sector’s problems. Now that elections are here, farmers, who are an influential group in most of the constituencies, are again the focus of political campaigners. “Both the Congress and the...
More »Bonds of secrecy -PDT Achary
-The Indian Express Concealing the identity of donors in electoral bonds goes against a fundamental tenet of democracy — transparency Electoral bonds are attracting attention in the run-up to the general elections. These bonds were conceived in 2017 and the necessary legislative changes were made in the Finance Bill of 2017. For example, Section 31 of the Reserve Bank of India Act, 1924, was amended and a new Clause (3) was...
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