Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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A safety net, post Covid: We need to provide minimum income for poor and vulnerable -C Rangarajan and S Mahendra Dev
-The Indian Express We need to provide minimum income for poor and vulnerable — cash transfers for women, increasing MGNREGA to 150 days in rural areas, introduction of urban employment guarantee scheme. In the post corona crisis situation, India has to address many problems, of which two stand out. First, the improvement of our healthcare system and second, the need for the institution of a scheme to provide minimum income support to...
More »Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...
More »Green shoots in rural India set the stage for economic revival -Gireesh Chandra Prasad and Suneera Tandon
-Hindustan Times Business leaders expect a normal monsoon, record sowing of summer crops, improved winter harvest and a raft of government measures to help farmers and boost Rural Incomes to boost demand for goods ranging from two-wheelers to tractors. Businesses are banking on a bumper harvest and high Rural Incomes to drive demand for goods after the coronavirus pandemic stunted growth in the country’s cities, where most of the factories and offices...
More »Govt’s rural focus could hit urban economy -Aunindyo Chakravarty
-The Tribune This is a crucial moment for Modinomics. Till now, government schemes have been used to help the poorest of the poor survive, even when they do not have any regular source of income. The middle class has continued to back the PM, hoping his policies will yield dividends. The industrial recession has shaken that belief. It could well be the beginning of their disenchantment with the PM. IN 2014, journalist...
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