-Livemint.com This is the fourth report in the PLFS data series and offers information on both employment and unemployment for rural as well as urban areas. Earlier this week, India’s ministry of statistics and programme implementation released the annual report of the Periodic Labour Force Survey (PLFS) for the reference period July 2020 to June 2021. This is the fourth report in the PLFS data series and offers information on both employment...
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Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
More »Forget minimum wages, MGNREGA workers not even receiving notified wages in many states
Every year in the month of either February or March, the Ministry of Rural Development (MoRD) announces the notified MGNREGA wage rates (i.e., notified daily wage rates for MGNREGA workers) for various states and Union Territories (UTs) for the upcoming financial year. The MGNREGA rates are notified every year based on the increase in Consumer Price Index for Agricultural Labourers (CPI-AL). Like the previous years, in 2021 too, experts and civil...
More »MGNREGA: Supreme Court agrees to list application highlighting plight of rural poor not getting wages
-The Hindu State governments were facing a shortage of Rs.9,682 crores as on November 26, 2021, says advocate Prashant Bhushan. The Supreme Court on Wednesday agreed to list an application mentioned urgently by advocate Prashant Bhushan highlighting a "grave crisis" concerning crores of rural poor who were not getting their wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) even as the COVID-19 pandemic had driven them to the brink...
More »Real wage rates of the rural workers hardly increased during the last 6 years
In the absence of income or expenditure-based headcount ratio, the growth in the Real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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