-PTI Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee. A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M...
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India slips in human development index
-The Hindu Among SAARC nations, it’s third behind Sri Lanka, Maldives India slipped down one place from 130 to 131 among the 188 countries ranked in terms of human development, says the 2016 Human Development Report (HDR) released by the United Nations Development Programme (UNDP) on Tuesday. India’s human development index (HDI) value of 0.624 puts it in the “medium human development” category, alongside countries such as Congo, Namibia and Pakistan. It is...
More »Why India Needs MNREGA: Evidence From Gujarat -Udayan Rathore
-TheWire.in In Gujarat’s Chhota Udaipur, MNREGA has helped villagers increase their earnings, improved connectivity in the area and led to higher farm yields. In the ubiquitous environment of the withdrawal of the welfare state across the globe, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) in India stands out as a critical and unique intervention. MNREGA is a social safety net that guarantees 100 days of employment to every rural household...
More »Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
-NDTV In his budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Cash transactions of more than two lakhs will be considered illegal and penalised, the government has proposed today. In the government's annual budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three lakhs. In...
More »MNREGA Is Not Making India's Workforce Less Skilled - Here's Why -Naman Garg and Aarushi Kalra
-TheWire.in MNREGA acts as a safety net not only against extreme poverty but also against the exploitation of workers. The Mahatma Gandhi National Rural Employment Guarantee Act (MMNREGA) and its impact on the various aspects of the economy continues to be an active area of research. A piece by Sumit Agarwal, Shashwat Alok, Yakshup Chopra and Prasanna L. Tantri titled “Is MGMNREGA destroying factory jobs? Disquieting data shows it discourages skill development”...
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