The much-vaunted NREGA has defaulted on many of its promises “There are many households in our village who have NREGA cards but have not sought work for over two years,” says 32-year-old Umesh Kumar, gram pradhan of Bhainswal village, in Muzaffarnagar district of Uttar Pradesh. In fact, Kumar recounts having to actually go around persuading people to come for work “whenever we get projects for implementation under NREGA”. This first-time...
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SBI to use BCs for farm loan recovery
-The Business Standard Achieves total financial inclusion in Andhra Pradesh. State Bank of India (SBI) is planning to use the rural banking correspondent (BC) network for farm loan recoveries in addition to the services prescribed under the financial inclusion plan by the Reserve Bank of India. The SBI’s Hyderabad circle with operational jurisdiction extending to the entire state of Andhra Pradesh is one of the first to achieve total financial inclusion. It has...
More »A Real Priority by Bhaskar Dutta
The Union government has tabled two bills in the Lok Sabha in the last week of the winter session. Since one of them is the lok pal bill, it has hijacked virtually all the public attention. This is a pity for two reasons. First, there is considerable doubt whether the lok pal bill — in any form — can really be the magic solution that Team Anna would like us...
More »MGNREGA to help improve agriculture productivity by Chetan Chauhan
Agriculture minister Sharad Pawar’s suggestion to ban Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) during farming season may not get government’s approval. Instead, the MGNREGA guidelines may be amended to increasing synergy between the world’s biggest social security scheme and agriculture sector to improve production. A set of green methodologies could be included in works allowed under the scheme. Pawar had written to Prime Minister on November 28 seeking the ban....
More »FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
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