-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
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The government must ramp up MGNREGS
-Hindustan Times Expanding the scheme will improve incomes, boost demand. Along with expanding the scheme, the ministry must also roll out without delay, as promised, a programme for skill building of these workers so they can move up the economic value chain, and also utilise this labour in a proactive manner for water conservation projects, another key programme of the Centre. A report in the Hindustan Times on Monday said that...
More »Modi wanted to end MGNREGS. Now it's his only tool to ride through slowdown -Sevanti Ninan
-ThePrint.in Under the Modi government, the MGNREGS has suddenly become both an indicator of rural stagnation as well as the proposed solution to it. Agriculture Minister Narendra Singh Tomar had told the Lok Sabha in July this year that the Narendra Modi government was “not in favour of continuing with” the Mahatma Gandhi National Rural Employment Guarantee Scheme for long. While MGNREGS’ target group is the rural poor, the Modi government’s...
More »Govt may pump more funds into NREGS to boost rural economy -Saubhadra Chatterji & Zia Haq
-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
More »Funds prop for rural schemes
-The Telegraph The government plans to frontload additional expenditures in the rural job scheme to boost demand in the rural economy New Delhi: Rural development schemes are likely to get more funds than allotted in the budget to boost consumption growth, which has fallen to a seven-year low in the villages. The Narendra Modi-government plans to frontload additional expenditure in the rural job scheme and highway construction projects to boost demand in the...
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