-The Hindu Business Line A CAG report has laid bare the fact that rice millers have for decades reaped undue gains even as they failed to replenish the national food stock Much like rice spilling out of a tear in the sack, the country’s food procurement system has been leaking crores of rupees every year and impoverishing the government. Last week, in a report presented to Parliament the Comptroller & Auditor General (CAG)...
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NREGA wages set to go up
-The Asian Age The Mahatma Gandhi National Rural Employment Guarantee Act wages is set to go up, with the government on Thursday stating that it would bring parity with the agricultural minimum wages in states. The ministry of rural development would soon ask the finance ministry for an additional allocation of `2,000 crore to roll out the wage hike. Union minister for rural development Chaudhary Birendra Singh on Thursday informed the Lok...
More »Unintended Consequences Of NREGS -Shailesh Chitnis
-Outlook Recent studies point to two areas where NREGS has had an impact — rural education and Naxalite conflict. "Economics is haunted by more fallacies than any other study known to man." This rather depressing assessment of the field is the opening sentence of Henry Hazlitt's classic primer, Economics in one lesson. In Hazlitt's view, most economists only measure the immediate impact of their policies. A good economist, Hazlitt contended, looks not merely...
More »Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
More »The Work Women Do -Amrita Nandy & Rohini Hensman
-The Indian Express My mother does not work”. In country after country, this expression is heard each time someone describes a woman not engaged in paid employment. A recent study by McKinsey, titled “The Power of Parity: How equality for women could drive $ 2 trillion in global growth”, has evidence that every “stay-at-home” woman directly damages a country’s GDP by billions. Its message is that every woman should “work”; India’s...
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