-Financial Express The government’s proposed Unnati scheme, if it works as planned, offers MGNREGA beneficiaries a ticket out of the programme, and, in the long run, out of poverty. It has been clear for a long time that MGNREGA is barely the poverty reduction tool it is often made out to be; at Rs 204 per day per person, the average wage rate across the country is too low to sustain a...
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An economics for the poor -Himanshu
-The Indian Express Banerjee, Duflo and Kremer introduced a paradigm shift in approach to alleviating poverty. The Nobel Prize in Economics for 2019 has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for “their experimental approach to alleviating global poverty”. The approach, popularly known as Randomised Control Trial (RCT), has been the buzzword among development economists for almost two decades. Banerjee, Duflo and Kremer have used this technique (inspired...
More »Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »PM fulfils promise, 8 crore poor families get LPG before deadline
-The Times of India NEW DELHI: Prime Minister Narendra Modi will on Saturday fulfil, seven months ahead of schedule, his government's promise to help women in eight crore Poor Households breathe easy by replacing their smoky 'chulhas' (earthen ovens) with LPG connection and stove free of cost. The PM will hand over the connection number eight crore under his government's transformational social sector scheme - Pradhan Mantri Ujjwala Yojana, commonly referred to...
More »Explained: Why One Nation, One Ration Card scheme could be a boon for poor migrants -Mehr Gill
-The Indian Express Essentially, the ONORC scheme has been launched keeping in mind the internal migration of our country. Last Friday, the government launched the pilot project for the inter-state portability of ration cards between Telangana and Andhra Pradesh, and between Maharashtra and Gujarat, as part of its ‘One Nation, One Ration Card’ scheme. “It is a historic day. We have started off inter-state portability of ration card pairing two states...
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