-Livemint.com Multiple surveys indicate that we not only missed that goal but our rural economy is in deep distress On 28 February 2016, at a farmer rally in Bareilly, Uttar Pradesh, Prime Minister Narendra Modi announced the government’s intention of doubling the income of farmers by 2022, a year marking 75 years of India’s independence. That it was not just political rhetoric but a real project was evident from the follow-up. An...
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The Public Distribution System is more than free grains -Dipa Sinha
-Moneycontrol.com The free and subsidised grains are an implicit income transfer to people and ensure basic protection from starvation The distribution of free grains through the Public Distribution System (PDS) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been one of the main relief measures undertaken by the Indian government in response to the economic distress brought about by the Covid pandemic. From April 2020 until the end of 2022,...
More »CAD doubles to all-time high of $36.4 billion in Q2, up nearly 4 times on year
-The Hindu Business Line Trade deficit, primary income outweighed services surplus: ICRA India’s current account deficit (CAD) doubled sequentially to an all-time high of $36.4 billion in Q2 FY23 from $18.2 billion in the previous quarter, and was nearly four times higher than the $9.7 billion posted a year ago. CAD for FY22 was at $38.77 billion. The Q2 CAD was equivalent to 4.4 per cent of the country’s GDP as against 2.2...
More »Laboured wages: On MGNREGS payments to States
-The Hindu Any delay in funds to be paid to States for Mahatma Gandhi National Rural Employment Guarantee Scheme payments is unethical A testy exchange in the Rajya Sabha between the Minister of State for Rural Development, Sadhvi Niranjan Jyoti, and the Trinamool Congress MP, Jawhar Sircar, on the withholding of funds for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in West Bengal laid bare a key implementation issue —...
More »Himachal CM seeks return of money deposited for New Pension Scheme from Centre -Gaurav Bisht
-Hindustan Times The Himachal Pradesh government has written to the Centre asking for a refund of the money deposited for the New Pension Scheme, chief minister Sukhvinder Singh Sukhu announced on Wednesday. Shimla: The Himachal Pradesh government has written to the Centre asking for a refund of the money deposited for the New Pension Scheme (NPS), chief minister Sukhvinder Singh Sukhu announced on Wednesday, moving another step closer to fulfilling the poll...
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