Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
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Pathways to an income guarantee -Ram Singh
-The Hindu There is a compelling case for spending Rs. 3.6 lakh crore on the poor, but it must be done carefully The idea of a minimum income guarantee (MIG) has caught up with political parties. A MIG requires the government to pay the targeted set of citizens a fixed amount of money on a regular basis. With the promise of the Nyuntam Aay Yojana (NYAY) by the Congress party, it is...
More »Exercise in manipulation -CP Chandrasekhar
-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....
More »'Political parties most distrusted, Army, judiciary win people's trust,' says study
-The Hindu A new survey ahead of elections shows lack of jobs is single biggest worry Ahead of the Lok Sabha elections, a public opinion survey in 12 states has found that political parties are the most distrusted political institutions in India. It also found that one in five of those surveyed felt that unemployment is the single biggest issue facing the country today. The survey, Politics and Society between Elections 2019, found...
More »108 economists & social scientists accuse Modi govt of blocking unfavourable data -Remya Nair
-ThePrint.in The scholars slammed the Modi govt for ‘political influence’, pointing at the decision to withhold NSSO jobs data and to alter GDP data from the UPA era. New Delhi: A group of 108 economists and social scientists came together Thursday to protest against what they said was the Narendra Modi government’s move to revise or withhold the release of unfavourable economic data. The NDA government has been under fire for its...
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