When a massive sum of public money is spent on a programme like Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA)--a demand-driven programme, there is likelihood of financial misappropriations and mismanagement. Thankfully there are checks and balances in the rural employment guarantee legislation to counter such malpractices. It is worth noting that the total allocation under the Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA) for 2020-21 was Rs. 1,11,500.00 crore (R.E.), up...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Bias exists in survey responses, but also in government's own telling - PC Mohanan
-The Indian Express The immediate cause for suspecting the genuineness of survey responses is the divergence in the estimates of households with access to toilets. Differences between survey estimates and comparable data from administrative sources are not surprising. The survey data are believed to present a more realistic view, especially when it relates to access to public goods and services. Generally, the distrust is more on administrative data from implementing agencies. While...
More »Prof. Guy Standing, economist at the School Of Oriental and African Studies, University of London, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...
More »Aruna Roy, well-known social and political activist, interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...
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