-Live Mint The scheme represents Rs.2.3 trillion spent on wasteful rural consumption This week marked the eighth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the United Progressive Alliance (UPA) government's key rural intervention, launched in 200 districts initially in February 2006. To the extent that such populist schemes helped raise wages without raising productivity. They have contributed more to inflation than to rural wealth. Worse, such schemes have...

-Live Mint Reducing poverty through growth matters more than reducing inequality Income inequality is back on the radar of politicians and policymakers, if it had disappeared in the first place. The World Economic Forum's Global Risks 2014 report highlighted severe income inequality as one of the top 10 global risks. In a speech in London on Monday, Christine Lagarde, managing director of the International Monetary Fund (IMF), paid special attention to...

-Frontline The tussle within some Central government Ministries over proposed cuts in the budget for rural development schemes has affected a promise made to senior citizens. THEIR wizened faces said it all. Though there was disappointment, there was also a glimmer of hope that their trek to the national capital would not go in vain. For almost a month, senior citizens, most of them poor, had been pouring into New Delhi from...

-Deccan Herald In the past seven years around 3.2 crore farmers have abandoned farming and taken up menial jobs in the cities. At a time when change is the buzzword on the political landscape, when cities are changing, and the villages are no longer what they used to be; when incomes are rising for an educated few, and when the bottom of the pyramid - those below the poverty line -- are...

-The Hindu Chennai: In an indication of poor economic growth taking its toll on the job market, an estimated 12 million people may be forced to look for low-quality, low productivity rural or agriculture jobs over seven years, a reversal of old trend of migration from farm to non-farm employment opportunities, pointed out a report of CRISIL Research. Job generation in the non-farm sector will slow down sharply in the coming...