-The Times of India JAIPUR: Across the country, payments worth Rs 9,124 crore are yet to be paid for work done in the 2016-17 financial year under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This comes at a time when Prime Minister Narendra Modi has created incentive schemes for rewarding those using the digital payment platform. Only days ago, 20-year-old Maharashtra student Shradha Mengshette was surprised to win Rs1...
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Gold and note ban: How black money turned white, then yellow -Rajesh Bhayani
-Business Standard Gold imports in January-March 2017 were the most since the same quarter of 2013 January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013. Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone. But for the blip in December, gold imports have gone up significantly following the government’s announcement of demonetisation,...
More »Agri reforms soon to augment farm income -Vishwa Mohan
-The Times of India NEW DELHI: The agriculture ministry in consultation with the Niti Aayog has identified a set of nine marketing reforms to ensure remunerative prices to farmers for their produce by reducing intervention of middlemen. The measures are likely to be in place by July and are considered one of the key steps in doubling farmers' income by 2022. "PM Narendra Modi wants these reforms to be implemented by July. We...
More »Era of Nehruvian 5-year plan draws to a close -Mahendra Singh
-The Times of India NEW DELHI: The five-year plan, a relic of Nehru-era economic policy, will officially be buried as the Niti Aayog's governing council is likely to approve the government's new policy document: the three-year action plan (2017-2020). The government had announced that it would junk five-year plans from the current fiscal, after the 12th Plan ended on March 31, 2017, and replace it with three-year action plan and 15-year vision...
More »In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
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