Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said. "The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate...
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Clash in Hyderabad over Dalits' right to eat beef-Ashok Das
-The Hindustan Times Dalit students’ assertion of the right to eat beef — a tradition in Andhra Pradesh — triggered a riot with the right wing Akhil Bharatiya Vidyarthi Parishad activists at Osmania University in Hyderabad on Sunday. Even after the overnight clash that left five persons injured and two vehicles torched was brought under control, the campus — a hotbed of the Telangana statehood movement — remained tense on Monday. The...
More »CAG to audit MNREGS in 12 states, says Jairam Ramesh-Suchandana Gupta
-The Times of India Twelve states, including Madhya Pradesh, will go under the CAG scanner to audit alleged corruption and irregularities in the implementation of the Mahatma GandhiNational Rural Employment Guarantee Scheme (MNREGS), a pet project of the UPA Centre. Out of the 12 states to be investigated, at least four are BJP-ruled, which are going to the polls in the next 18 months. BJP-ruled Madhya Pradesh, Chhattisgarh, Gujarat, Karnataka go to...
More »'Microfinance Bill impediment for self-help groups'
-The Business Standard The Microfinance Bill in its present form may hurt the growth of the Self-Help Group (SHG) programme being run across states to bring people above the poverty line, according to Union rural development minister Jairam Ramesh. “The Bill needs to be rewritten. MFIs are not instruments for poverty alleviation,” Ramesh said in an interaction with reporters after he reviewed initiatives by NABARD in an SHG-bank link programme. He, however, did...
More »Most power plants left with just four days of coal supply-Anupama Airy
Be prepared for power outages ahead as coal supplies to 30 out of India's 95 thermal power plants have reached alarming levels. Out of these 30 power stations that produce 26,320 mega-watt (mw) of power, 25 plants are running on less than four days of coal stocks, according to data available with the power ministry's advisory wing, Central Electricity Authority (CEA). Of the 25, five are from National Thermal Power Corp...
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