-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
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Economists ask PM not to dilute NREGS, Gadkari says focus on needy areas -Vivek Deshpande and Surabhi
-The Indian Express As leading economists urged the Prime Minister not to dilute the Mahatma Gandhi National Rural Employment Guarantee Scheme saying it provides economic security to millions, Union Minister for Rural Development Nitin Gadkari justified the Centre's decision to restrict the focus of the job scheme to the "most backward and needy" districts and reduce the labour-material ratio from 60:40 to 51:49. Denying any move to reduce compensation for lack of...
More »Changes may limit NREGA to only 60 blocks in Rajasthan -Anindo Dey
-The Times of India JAIPUR: The paradox could not be greater. The Mahatma Gandhi National Rural Employment Guarantee Act, which had its genesis in the mass movements launched in Rajasthan, is now facing a dilution in its home state. The Union rural development ministry is likely to amend the provisions of MGNREGA, converting it to just a scheme and thereby threatening to rob it of its es sence. In Rajasthan, such an...
More »Continue with NREGA, economists urge Modi
-The Hindu Chennai: Several leading economists have appealed to Prime Minister Narendra Modi to continue with the Mahatma Gandhi National Rural Employment Guarantee Act amid apprehensions that the government might restrict the programme and not offer it adequate support. In a letter to Mr. Modi, Dilip Abreu, Pranab Bardhan, V. Bhaskar, Ashwini Deshpande, Jean Dreze, Maitreesh Ghatak, Jayati Ghosh, Dilip Mookherjee, R. Nagaraj, Debraj Ray and others argued that despite numerous hurdles,...
More »US to launch fresh review of India's patent regime -Sidhartha
-The Times of India NEW DELHI: Within days of Prime Minister Narendra Modi's return from the US, the US Trade Representative (USTR) has launched a fresh offensive against India's intellectual property rights (IPR) regime, a move that may lead to the government going slow on a bilateral dialogue with Washington. On Tuesday, USTR will launch what it calls an "out-of-cycle review" (OCR) of India's IPR regime, following a report released earlier this...
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