-TheWire.in The opposition has accused the state government of hastily implementing the KALIA scheme with an eye on elections. New Delhi: The Odisha government has found that it provided the benefit of its Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme to 3.41 lakh ineligible beneficiaries, The Hindu reported on Wednesday. This has led to the state exchequer spending Rs 170 crore more than it needed to on the scheme. Prior to...
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Government to peg MGNREGA wages to inflation in bid to hike incomes -Priscilla Jebaraj
-The Hindu Stimulus measure to link pay to consumer price index with annual revision. Staring at a slump in rural demand and a slowdown in the rural economy, the Centre plans to inject more money into the UPA’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. It hopes this will increase wages, thus increasing...
More »RBI says lack of domestic demand affecting 'animal spirits' of economy
-The Hindu Reviving the consumption demand and private investment has assumed the highest priority in 2019-20, notes central bank report. Mumbai: The Reserve Bank of India (RBI), in its annual report for 2018-19, has said the lack of domestic demand is holding back the animal spirits in the economy and emphasised the need to revive consumption demand and private investment during 2019-20. “What ails the animal spirits? At the core is the...
More »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Agri families borrow more, eat less to cope with kin's suicide: study -Sayantan Bera
-Livemint.com * Average income of farm suicide families was just Rs.3,523 per month in 2016-17, below Rs.4,561 estimated by NSSO: study * The study found that 92% of farm suicide families were not enrolled under the centre’s flagship crop insurance scheme NEW DELHI: Agricultural households are trying to cope with the suicide of an earning member of the family by borrowing more, skimping on food and even taking recourse to bonded labour, a...
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