-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
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MGNREGA: Wake-up call -TK Rajalakshmi
-Frontline.in A Parliamentary Standing Committee pulls up the Rural Development Ministry in its report on a “critical evaluation” of the MGNREGA and calls for more investment in the scheme. A Parliamentary Standing Committee report of the Ministry of Rural Development and Panchayati Raj, tabled in February, strongly recommends enhancing the budget for implementation of work under the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, higher wage rates, and increasing the number...
More »Shock-proofing the economy: Quality jobs the best possible safety net -TN Ninan
-Business Standard Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan Crises in the Indian economy used to be the “normal”. In the 12 years from 1962 to 1974, India fought three wars, suffered four droughts that produced famine in places like Bihar, and lived through the first oil shock, which saw a quadrupling of crude oil prices. The...
More »50 mugger crocodiles die in Kota in a month -Shuchita Jha
-Down to Earth The Kala Talab has been filled with fly ash and soil to build residential colonies in the east Rajasthan city on the Chambal, resulting in crocodile deaths Some 50 mugger crocodiles have died in the last one month in a prominent waterbody of Rajasthan’s Kota city as a result of it being filled up for developmental activities, locals and wildlife activists have alleged. The Kala Talab (‘black pool’) is connected...
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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