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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...

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A Notional Advisory Council? by Jean Drèze

The National Advisory Council's recommendations on the National Food Security Bill are in danger of being brushed aside. It is the fate of most advisory committees that the government accepts whatever advice suits its purposes and ignores the rest. The first version of the National Advisory Council (NAC-1) managed to avoid that fate to some extent, due to favourable circumstances. NAC-1 was able to persuade the government to enact the...

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‘Agrarian question linked to Dalit discrimination' by V Sridhar

‘Linking the question to annihilation of caste is an important research agenda' ‘Dalits' position relative to dominant castes has not improved significantly' Participants at a national seminar on ‘Dalit households in village economies,' which began here on Friday, affirmed that a lasting solution to India's “agrarian question” — characterised by extreme inequalities in the distribution of land — was inseparably linked to the widespread discrimination of Dalits. Speaking at the inaugural session of...

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UN group warns of potential 'food price shock' by Javier Blas

The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month, exceeding the levels of the 2007-08 food crisis. The warning from the U.N. body comes as inflation is becoming an increasing economic and political challenge in developing countries, including China and India, and is starting to emerge as a potential problem in developed...

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US seeks new ways to count poverty by Carol Morello

The Census Bureau took a baby step toward redefining what is considered poor in America on Tuesday when it released several alternative measurements of poverty, fundamentally revising a one-size-fits-all formula developed in the 1960s by a civil servant. Under a complex series of eight alternative measurements, the Census Bureau calculated that in 2009, the number of Americans living in poverty could have been as few as 39 million or as...

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