-The Hindu The study noted that wages in the scheme are 25-30% lower than the minimum wages for agricultural workers in most States. One-third of the way through the financial year, government data shows that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has used up almost half its allocated funds, spending more than ₹48,500 crore out of the expanded ₹1 lakh crore allocation announced following the COVID-19 outbreak. A new...
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Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
-PTI/ The Hindu As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme...
More »Intensity of Indian monsoon may decline due to rapid warming of Bay of Bengal, says new study -Gerard de Souza
-Hindustan Times The study is significant as it reviewed the under sediment cores derived from the Krishna Godavari basin of the Bay of Bengal to understand how the monsoon rainfall pattern has changed in the past 2,000 years. Warming of Bay of Bengal and the Indian Ocean is likely to weaken the India monsoon further in the near future, which could be accentuated by land mass changes across the country, says a...
More »Food Consumption Trends Point at Real Income Decline Before Pandemic -Prabhat Patnaik
-Newsclick.in Why has there been a tendency toward persistent ‘excess supply’ in the foodgrain market when growth rate of foodgrain output has barely exceeded the population growth rate? The pandemic and the lockdown are certainly causing an absolute shrinkage in the gross domestic product (GDP) of the Indian economy. But these tend to obscure something very serious that was happening even earlier, namely, a real income decline for vast numbers of working...
More »Flood situation worsens in Bihar; two more die
-PTI/ The Hindu Close to 50 lakh affected due to overflowing rivers Patna: Floods claimed two more lives in Bihar on Saturday taking the death toll to 13, while the number of people affected by the calamity inched closer to 50 lakh as the waters of overflowing rivers reached fresh areas of the State’s northern part. According to the bulletin issued by the State disaster management department, two fresh casualties were reported from...
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