Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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There’s no one to fill Mahalanobis’s shoes -Atanu Biswas
-The Hindu India needs a top statistician to frame data-based policies for welfare and development In Poverty and Famines (1981), Amartya Sen argued that poor distribution of food, wartime inflation, speculative buying and panic hoarding were important reasons for the devastating Bengal famine of 1943, while Madhusree Mukerjee, in her 2010 book, Churchill’s Secret War, wrote of the role of British Prime Minister Winston Churchill, his wartime Cabinet’s decisions and “denial policy”...
More »Need new stimulus of Rs.10 lakh crore: Economists Collective
-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
More »WPI inflation eases to 2.26% in Feb
-PTI/ The Hindu Wholesale price index (WPI) based inflation softened to 2.26% in February on the back of cheaper food items and vegetables, the government data showed on Monday. In January, the WPI inflation stood at 3.1% and in the year-ago same period it was at 2.93%, as per the data from the commerce and industry ministry. Please click here to read more. ...
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