-Outlook Union Rural Development Minister Jairam Ramesh today said there was a need to have parity of wage under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and the Minimum Wages Act. He said, in 14 states including Bihar, Jharkhand, West Bengal and Rajasthan, the wage under the rural job scheme was lower than the rate stipulated under the Minimum Wages Act. Speaking at an event to mark the 9th MNREGA Divas...
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Ajay Chhibber, Director General of the Independent Evaluation Office (IEO) & a former assistant secretary general of the UNDP interviewed by Sanjeeb Mukherjee
-The Business Standard Interview with Director General, Independent Evaluation Office, Planning Commission The Independent Evaluation Office (IEO) was created at the Planning Commission in August 2013 to monitor the outcome and effectiveness of various social sector initiatives taken by the UPA government. It began with an evaluation of the Public Distribution System (PDS). Ajay Chhibber, Director General of the IEO, a former assistant secretary general of the UN Development Programme, tells Sanjeeb...
More »Retail Inflation Slows to 9.87% in December
-Outlook Some moderation in vegetable and fruit prices eased December retail inflation to three-month low of 9.87 per cent, giving the Reserve Bank of India more leeway to manage interest rates. Inflation as measured by the Consumer Price Index (CPI) for November has been revised marginally downwards to 11.16 per cent from preliminary estimate of 11.24 per cent. Vegetable prices on annual basis rose 38.76 per cent in December, a slower pace than...
More »Save the farmer -Devinder Sharma
-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...
More »Retail inflation refuses to ease, rises to 11.24% in Nov-Indivjal Dhasmana
-The Business Standard Inflationary figures could also desist RBI from easing its monetary stance to perk up economic growth The retail price index-based inflation jumped to an all-time high of 11.24%, driven by high vegetable prices, official data showed today. The inflation stood at 10.09% in October, entering double digits for the first time in six months. The surging prices of essential commodities were an important issue in the...
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