-The Hindu The government must target labour market rigidities to maximise gainful employment in the textile sector. India’s textile and apparel industry is all set for an overhaul as the new National Textile Policy will soon be placed before the Cabinet for approval. The government has already accepted a Rs.60 billion special package for this sector with an aim to create 10 million new jobs in the next three years, attract investments...
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Centre spends 22% more on MGNREGS in FY16 -Sanjeeb Mukherjee
-Business Standard The Centre's expenditure on the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in 2015-16 was around Rs 43,848 crore, 22 per cent more than the Rs 36,025.04 crore incurred in the previous financial year. However, a statement by the Rural Development Ministry said Rs 56,000 was incurred on the scheme in 2015-16, but of this Rs 12,152 crore was paid in 2016-17 as arrears. This payment would now have to...
More »Additional days of work available under MGNREGS not taken up in drought hit states
Two back-to-back reports that shed light on the status of MGNREGA implementation in the country, have been released recently from the Ministry of Rural Development (MoRD). A review of MGNREGA implementation in 8 different states of India by a team of experts during the month of May this year reveals that in many of the drought affected districts, the Gram Panchayats have no work to offer under the programme. (Please click...
More »NREGS scores a point in 1st report card with highest spend of Rs 56,000 crore in FY16 -Ruchika Chitravanshi
-The Economic Times NEW DELHI: For the first time ever, the Narendra Modi government is bringing out a performance review of the National Rural Employment Guarantee Scheme (NREGS), highlighting the highest ever expenditure of Rs 56,000 crore undertaken in 2015-16 which includes Rs 12,000 crore paid in pending wages this year. The scheme generated 235 crore person days of wage employment, highest in last 5 years. However, it continued to lag in...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
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