-Business Standard Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow The industry department is in the advanced stage of inter-ministerial consultation for launching a production-linked incentive (PLI) scheme for both traditional and mechanical toys worth Rs 3,500 crore, which will be followed by PLI schemes for bicycles and footwear. “Discussions for PLI for toys are at an advanced stage. PLIs for bicycles and footwear are also under formulation,” a government...
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Would the government have brushed aside the Reserve Bank of India if it had objected to demonetisation, Supreme Court asks Centre
-The Hindu The question came in response to the Attorney General’s statement that the government and the RBI had ‘acted in consultation’ to notify demonetisation in November 2016 The Supreme Court on Monday asked the government whether it would have brushed aside objections from the Reserve Bank of India (RBI) had the Central bank opposed the demonetisation policy. The question from the Constitution Bench led by Justice S. Abdul Nazeer came after Attorney...
More »PM Modi favours rural jobs guarantee scheme recast to help poorest -Saubhadra Chatterji
-Hindustan Times PM Modi had expressed concerns that the utilisation of the funds earmarked for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was skewed in favour of more affluent states instead of poorer states getting more money, two senior officials said, asking not to be named. After Prime Minister Narendra Modi flagged key discrepancies in the jobs guarantee scheme at a recent review meeting on the rural sector, the central...
More »India’s agrarian sector needs a budget boost -Yamini Aiyar and Mekhala Krishnamurthy
-Hindustan Times Farm policymaking slowed down after the repeal of three laws in 2021. But the climate crisis, geopolitical instability and inflation have exacerbated the urgency for reforms In November 2021, Prime Minister (PM) Narendra Modi repealed three contentious farm laws in a dramatic turnaround. The entire episode — from the passage of the laws, the protests that followed and the turnaround — had stalled national agriculture policymaking. Yet, as this column...
More »Work demand under MGNREGS at 4-month high, FY23 funds almost exhausted -Raghav Aggarwal
-Business Standard The budgetary allocation for MGNREGS has already been exhausted, if pending liabilities for the financial year are included Demand for work under India’s biggest anti-poverty scheme increased to a four-month high in November, government data showed as budgetary support for it is almost exhausted this financial year. More than 22.5 million people applied for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in November, the highest since August....
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