-The Economic Times NEW DELHI: The government has dropped the idea of changing the wage calculation formula for its flagship rural jobs programme but has increased the wages about 6% for 2016-17. It has increased allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme 4% to Rs 38,500 crore for 2016-17 compared to that in the current fiscal. The scheme would have required an additional Rs 2,000 crore had the...
More »SEARCH RESULT
Total Matching Records found : 852
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 »Job scheme in decline -Ajoy Ashirwad Mahaprashasta
-Frontline.in The increase in the budgetary allocation for the MGNREGA is only marginal. The scheme helped lower the poverty level by 32 per cent between 2004-05 and 2011-12, but government support for it has been declining steadily. In the beginning, economists belonging to the Right and the Left were of the view that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was merely a populist measure. While the former believed...
More »Budget outlays too small to effectively run welfare schemes, say social activists
-Scroll.in Activists also challenge the government's proposal to make Aadhaar mandatory for social schemes. Soon after the Budget was presented in the Parliament on February 29, Prime Minister Narendra Modi described its provisions as pro-poor, pro-farmer and pro-village. But two weeks on, seven grassroots campaigns working on the right to food, public health, education, sanitation, and the rural employment guarantee programme said that the Budget will fail to sustain existing welfare schemes. In...
More »Watch farmer incomes to see if Narendra Modi is really transforming India
-AP/Bloomberg Whether Modi can raise farmer incomes without stoking inflation may determine if his economic vision is any different from the previous Congress-led govt New Delhi: Shortly after Prime Minister Narendra Modi swept to power in 2014, his first economic plan promised modern cities, manufacturing corridors and bullet trains to aspirational Indians yearning to join a ‘neo middle class.’ This week his latest budget struck a much different tone, listing a slew...
More »
