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With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank

-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...

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It's not rural India alone; job scheme also in distress -Nitin Sethi

-Business Standard Even as country stares at a possible drought, Mahatma Gandhi National Rural Employment Guarantee Scheme has hit a new low At a time when rural India is in distress, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which could have provided some relief, is itself facing its worst period ever. The number of people working under the scheme and the amount of work provided is dwindling, and the trend...

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NSSO data confirms socio-economic disparity

Social justice is one of the basic pillars of democracy. But when it comes to livelihood security and socio-economic status of various communities in rural areas, persons belonging to Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) lag far behind the upper caste population. This has been revealed in a recent National Sample Survey Organization (NSSO) report entitled: Employment and Unemployment Situation among Social Groups in India...

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Decline in number of workdays under MGNREGA: Government

-PTI NEW DELHI: The number of workdays being provided under the rural job flagship scheme MGNREGA has registered a decline, Lok Sabha was informed today. Minister of State for Rural Development Sudarshan Bhagat, in a written reply to Lok Sabha, said "there has been a decline in the number of persondays created in 2014-15." "MGNREGA is a demand driven programme and the demand for work itself is influenced by various factors such as...

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Centre sits on wage hike nudge -Basant Kumar Mohanty

-The Telegraph New Delhi: The yearly wage revision for the rural job guarantee scheme has for the first time missed its April 1 deadline, with the government having sat for nine months on expert advice for a sizeable hike. Sources said the rural development ministry would next week notify an interim wage increase, based on the existing formula for yearly revisions, while the finance ministry weighs the expert panel's July recommendations. There are...

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