-Hindustan Times The government should pay 25% of wages of MGNREGA workers employed in individual farms and the poor should get an option to choose between money or subsidised food grains under the public distribution system (PDS). These are a few suggestions to be made by the National Institution for Transforming India (NITI) Aayog in the occasional paper that will be discussed with the states for framing a national policy to eliminate...
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Inflation higher in poorer states
-The Financial Express This is a double whammy for the poor. Despite a fall in retail inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail inflation...
More »Centre slaps fee to curb plastic use
-The Telegraph New Delhi: Shopkeepers and street vendors across India who wish to continue providing commodities in plastic bags would need to pay Rs 4,000 per month to local authorities under new rules intended to discourage free carry bags. The Union environment ministry today announced revised rules to manage India's massive burden of plastic waste. The rules will introduce this waste management fee on vendors, while imposing a collect-back system for brand-owners...
More »Why microfinance is fading out -M Sureshbabu and Arun Kumar Gopalaswamy
-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
More »Farmers' prospect destroyed by erratic rains
Like 2015, this year too unseasonal rainfall and hailstorm have taken the farmers by surprise. Recent media reports suggest that extreme weather event has damaged rabi crops in a number of states from north India. The Weekly Weather Report prepared for the week spanning 10-16 March, 2016, which was issued by the India Meteorological Department (IMD), shows that excessive rainfall was observed in Jammu and Kashmir, Himachal Pradesh, Punjab, Uttarakhand,...
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