But non-farm income keeps economy afloat New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...
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Govt trying to settle NREGA wage issue-Devika Banerji
The Centre is keen to resolve differences with rights activists over the remuneration under its flagship rural job guarantee scheme, which can potentially save it from paying 7,000 crore in arrears to states that have higher minimum wages. Wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have risen for all states after the government made adjustments for price rise last month. But despite the revision, the payout is...
More »Come April, rural job scheme workers to get more wages
-The Hindu Business Line MNREGA Act may be amended to end present disparity From April 1, wage rates under the UPA's flagship MGNREGA will be revised upwards across the country. The wages are now linked to the Consumer Price Index for Agricultural Labour (CPI-AL). A notification to this effect is being issued for the period April 1 to March 31, 2013, the Rural Development Minister, Mr Jairam Ramesh, informed the Lok Sabha on...
More »Wage rate under MGNREGA revised-K Balchand
The Centre on Monday revised the wage rate under the Mahatma Gandhi National Rural Employment Guarantee Act and has decided to amend the Act to remove the existing disparity in minimum wage, even as the matter is scheduled to come up before the Supreme Court on April 9. The revision in the wage rate indexed to the Consumer Price Index for Agricultural Labour (CPIAL) will come into effect on April 1...
More »Retail inflation at 8.83 per cent in February
-PTI Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products. Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here today. Among other items, only vegetable prices saw a decline of 4.73 per cent over the February 2011 level. During the month, the prices of egg, meat and fish rose...
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