-The Hindu   Investment in a scheme that guarantees rural employment with minimum wages should be seen as complementary and not alternative to development activities A recent paper by the Commission for Agricultural Costs and Prices (CACP) has argued that the "push" factors of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) are not as important as the economic growth "pull" factors, for increasing agricultural wages. The paper has received wide media...

-The Hindu Business Line A new CAG report offers valuable insights into the likely implications of implementing the proposed food security law. The National Food Security Bill (NFSB) couldn't be passed in the Parliament session that ended last week, despite a spirited promotional pitch by its proponents - including Nobel Laureate Amartya Sen. Last week also saw the Comptroller and Auditor General of India (CAG) table its report on "Performance Audit of...

A recent statistical study by Indian researchers suggest that the MNREGA program in rural Andhra Pradesh might be having a positive effect on school enrolment and grades by improving the bargaining power of women within their household, as a consequence of earning wages in the rural job security program. The study is based on data from rural households in 5 districts in Andhra Pradesh and comprised of 3006 children, comparing...

-The United Nations An estimated 73 million young people will be out of work this year, according to a new United Nations report that says the long-term impact of the youth employment crisis could be felt for decades and calls for creative and wide-ranging policy solutions to address the problem. Global Employment Trends for Youth 2013: A generation at risk attributes that high number to persistent unemployment, a proliferation of temporary jobs...

-Live Mint Cabinet clears proposal to give loans at 7% interest rate, and 4% if SHGs  repay loans within the stipulated period The federal cabinet has cleared a proposal to give loans to women self-help groups (SHGs) at 7% interest rate, cheaper than the existing 11.5-14%, bringing the cost of loans on a par with those given to farmers. SHGs that repay loans within the stipulated period will be eligible for loans at...