-Business Standard Even as country stares at a possible drought, Mahatma Gandhi National Rural Employment Guarantee Scheme has hit a new low At a time when rural India is in distress, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which could have provided some relief, is itself facing its worst period ever. The number of people working under the scheme and the amount of work provided is dwindling, and the trend...

-Economic and Political Weekly The states now have an opportunity to set their own priorities in the social sector. In the constitutional scheme of things, it is the states rather than the centre which bear the larger responsibility for social sector spending. Indeed, the states already account for as much as 80% of total outlays in the area. But central government intervention in the form of establishment of and funding for certain...

-The New Indian Express If the Government of India writes off the Handloom Reservation Act, more than one lakh weavers in Telangana and AP will be affected, fears All India Federation of Handloom Organisations   The handloom sector which is one of the biggest is always caught in the vicious cycle of low demand, massive unemployment, dwindling incomes and starvation deaths. This time, the problem has been compounded by the Government of India...

-Maintream Weekly In order to reduce and remove the many-sided disadvantages and problems faced by Dalits and adivasis, sub-plans for the Scheduled Castes and Scheduled Tribes have been introduced to ensure adequate and justice-based availability of funds for these communities. Summarising the basic idea and rationale for this, the Planning Commission says: “the persistence of socio-economic backwardness of the SCs and STs in spite of the development efforts had warranted a special...

-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...