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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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NREGA spiked rural wages only 10%, rest is from MSPs: Rajan

-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...

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Hunger deaths stalk Bengal tea country -Pinak Priya Bhattacharya & Jayanta Gupta

-The Times of India JALPAIGURI/ALIPURDUAR: The picturesque tea estates of North Bengal hide a gruesome truth - malnutrition deaths. Nearly 100 people have reportedly died in five closed tea gardens since January, with 10 deaths reported this month. It's a chilling reminder of the starvation deaths in Amlasole, West Midnapore, 10 years ago following which Supreme Court had ordered an inquiry. But just like the Left Front government then, the Mamata Banerjee...

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Killing MGNREGA slowly -Raghav Gaiha and Shylashri Shankar

-The Indian Express Focusing on private asset creation will only exacerbate its design and implementation failures. In his budget speech, Arun Jaitley shied away from taking a tough stand on the MGNREGA. In a seemingly non-controversial comment, he emphasised that "wage employment would be provided under MGNREGA through works that are more productive, asset creating and substantively linked to agriculture and allied activities". The subtext, however, is controversial. As argued below, far...

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No going back on MGNREGA -Nikhil Dey and Aruna Roy

-The Indian Express The budget will reveal whether the BJP is committed to this transformative programme. Mohandas Pai, currently an advisor to the BJP government in Rajasthan, was asked on television how the government could "control" social sector expenditure, more specifically on the MGNREGA. He answered that the NDA should simply learn from and follow former Union minister P. Chidambaram's policy of "benign neglect". Clarifying further, he explained how the UPA...

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