A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...
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Govt hikes Nrega wages
Chief minister N Kiran Kumar Reddy has decided to enhance the daily wages under the National Rural Employment Guarantee Act (Nrega) to Rs 121 from the existing Rs 100. The job card holders who have completed the existing maximum limit of 100 days of employment under Nrega A will also now be employed for an additional 25 days. A decision to this effect was taken by Reddy at a review meeting. Crop...
More »Fear of Freedom by Ruchi Gupta
So why is the UPA hell-bent on killing its unique success story: the NREGA? Here's the inside narrative of the conspiracy. It took 47 days of a protest sit-in at Jaipur to make the state budge(1). It's notable that the objective of this protracted protest was not to coerce the Rajasthan government for an extra share of the state's resources, but to hold the government accountable to the Constitution and its...
More »An unending money illusion
The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948. The Wage Hike, ranging from 17-30%, is likely...
More »State to seek hike in wages of job guarantee scheme by NJ Nair
Government planning to move court for Rs.200 as wage The State government is planning to move the court seeking to enhance the minimum wage being given to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) beneficiaries from Rs.125 to Rs.200. Official sources told The Hindu here that this option was being explored in the wake of Prime Minister Manmohan Singh's decision to link wages with the Consumer Price Index. Consequent to...
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