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Why NREGA wage hike is bad news for the economy-Shishir Asthana

-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...

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Food Bill, NREGA prone to corruption: CBI director Ranjit Sinha -Aman Sharma

-The Economic Times NEW DELHI: CBI director Ranjit Sinha has said infrastructure building through the public-private partnership model could lead to a spike in corruption cases as the potentially lucrative contracts may encourage collusion between big firms and state officials. "This route is full of pitfalls and it has opportunities for corrupt activities with big scope for collusion among promoters of consortiums to whom such projects are awarded and corrupt public servants...

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Mihir Shah, Planning Commission member interviewed by Girija Shivakumar

-The Hindu Direct Benefits Transfer is potentially a game-changer, but with certain pre-requisites: Mihir Shah Planning Commission member, Mihir Shah, speaks to The Hindu about a wide range of issues, including the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and his contribution to the 12 Five-Year Plan. Excerpts: * The MGNREGA has come under criticism from many quarters, including the CAG. Do you feel this criticism is warranted? How do you...

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Pulling manufacturing out of the rut-Arun Maira

-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...

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Pension scheme for MGNREGS workers

-The Hindu THIRUVANANTHAPURAM: Kerala government proposes to introduce a pension scheme for workers registered under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREG) and having worked under the MGNREG scheme for at least 100 days a year. Minister for Rural Development and Culture K.C. Joseph told the media that the pension scheme would be implemented with contributions from State and Central governments and the workers. This is the first pension scheme...

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