Nandan Nilekani led Unique Identification Authority of India (UIDAI) has hit a Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) roadblock. The government had refused to make unique number or Aadhaar mandatory for making wage payment to people enrolled under the world’s largest social security scheme unless all residents are covered. The reason given was that MGNREGA is a universal scheme and anyone can demand work. Unless all resident in a district have...
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Rising wages feeding inflation, says Kaushik Basu
-The Economic Times Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages. Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country. "The reason for inflationary pressures in India is that...
More »G20 backs India on black money hunt by Vrishti Beniwal
India on Saturday managed to get backing of the world’s 19 most powerful economies on the issue of sharing tax information, as the G20’s draft communiqué for the first time took note of New Delhi's concerns. The draft, however, remained silent on recovery of ill-gotten wealth stashed in tax havens. The draft communiqué, to be issued by G20 finance ministers and central bank governors later on Saturday, has resolved to address...
More »Rural Development ministry proposes to spend Rs 2 lakh crore on rural roads, skills training by Gunjan Pradhan Sinha
The rural development ministry has drawn out a plan to spend as much as Rs 2 lakh crore on two of its major schemes — Pradhan Mantri Gram Sadak Yojana (PMGSY) and the Swarna Jayanti Gramin Swarozgar Yojana (SGSY). The ministry, however, has left it to the government and the plan panel to decide the timeline over which these funds should be spent. The plan panel has indicated that it wants...
More »Focus on the causes of the gender gap, rather than on the outcomes
-The Economic Times When it comes to Indian women, the picture is largely unchanged; depressingly so, going by the World Development Report 2012, released by the Bank on Wednesday. The latest report focusing on Gender Equality and Development makes dismal reading. No doubt the lot of women in India has improved over the years but not commensurately with the progress made by their country. As a result, women today might be better...
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