-Factchecker.in/ Scroll.in MGNREGA is a social security and employment scheme which aims to provide at least 100 days of guaranteed employment in a year to every rural household. Union Finance Minister Nirmala Sitharaman, while addressing the Lower House of the Parliament on December 14, claimed that the demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act is declining. “There is now very obviously a declining demand for jobs in the...
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Credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23: RBI report
-The Hindu ‘Commercial banks may have to raise deposit rates more to meet a surge in credit demand; while banks have swiftly transmitted increases to lending rates, deposit rates have been laggards for most’ Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth...
More »10 costliest weather events led to over $120 bn in damages, says report -Antara Baruah
-ThePrint.in Christian Aid's findings come a month after the COP27 agreement to establish a loss and damage fund, which is being set up to assist developing countries vulnerable to the impacts of climate change. New Delhi: The top ten “costliest” extreme weather events in 2022 led to more than 120 billion US dollars in damages, a new report by UK-based relief and development agency Christian Aid has revealed, adding that the findings...
More »MGNREGA: Central squeeze to cost 30 lakh Bengal families -Basant Kumar Mohanty
-The Telegraph No other state has ever been denied funds for such a long period under the scheme, which provides for up to 100 days of paid, unskilled work to every rural household in a year New Delhi: The Centre’s decision to stop funds to Bengal under the Mahatma Gandhi National Rural Employment Guarantee Act will have denied job opportunities to 30 lakh rural families in the state this year, a study...
More »Bengal: Rs 2,744 of NREGA Wages Pending, Workers’ Group Says ‘Rights Violated’
-Newsclick.in MGNREGA workers in West Bengal have not been paid wages since December 26, 2021, which is a violation of their fundamental rights, the Morcha said. New Delhi: The NREGA Sangarsh Morcha on Monday marked one year of the Centre withholding the release of over Rs 7,500 crore of MGNREGA funds to West Bengal as protest demonstrations took place across the state. MGNREGA workers in the state have not been paid wages since...
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