-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising Wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

Used to getting jobs done through contracts, government department assigned budgets under rural employment guarantee schemes have failed to use earmarked funds, while job card holders in the countryside are making the best of what is available. Government documents showed that of the Rs 880 crore funds available under MNREGA for Himachal in 2010-11, ten line government departments under the flagship programme had spent only Rs 15.57 crore till September. Besides a...

Nandan Nilekani led Unique Identification Authority of India (UIDAI) has hit a Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) roadblock. The government had refused to make unique number or Aadhaar mandatory for making wage payment to people enrolled under the world’s largest social security scheme unless all residents are covered. The reason given was that MGNREGA is a universal scheme and anyone can demand work. Unless all resident in a district have...

For the first time in the country, the Andhra Pradesh government is launching special courts for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) on November 1 to try cases of misappropriation and fraud being committed by staff during its implementation. The special courts can impose a two-year jail term apart from ordering recovery of the amount defrauded by the accused officials if proved guilty. The courts, to be set...

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...