-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...
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90% of MGNREGA Funds for 2021-22 Financial Year Utilised, Remaining Cover Just 13 Days of Work: Report -Ronak Chhabra
-Newsclick.in As per a report authored by People's Action for Employment Guarantee (PAEG), 90& of the total allocated funds to the MGNREGA scheme had been utilised, even as five more months are left for the current financial year to end. On Friday, the "NREGA National Tracker" report, authored by People's Action for Employment Guarantee (PAEG), was released for the April-September period of this year in a virtual press conference jointly held with...
More »Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data
One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
More »Almost 90% of total allocated funds for MGNREGA in 2021-22 have been utilised, shows tracker prepared by PAEG
-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total budget allocation for NREGA is 34 percent less than the revised budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...
More »Why farm income in India is so low -A Narayanamoorthy
-The Hindu Business Line Recent data shows an alarming fall in income from crop cultivation. Improving procurement infra is the need of the hour The report of the ‘Situation Assessment of Agricultural Households and Land and Holdings of Households in Rural India 2019’ released by the National Statistical Office in September 2021 reveals the pathetic income level of Indian farmers. The average monthly income from different sources per agricultural household in July 2018...
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