-The Indian Express Allahabad: The Allahabad High Court has dismissed a PIL seeking its directions to the authorities concerned for release of funds to a particular kshetra panchayat under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The court said that it would not like to enter into something that was a policy matter and also because there have been several complaints of alleged misuse of money under the MGNREGA. The PIL was...
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Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
More »A rural wageless job scheme-Sreelatha Menon
-The Business Standard State governments yet to act on sorting MGNREGA wage delays If our salaries were delayed by two years, two months or even two weeks, how many of us would like it or put up with it? In Araria district in Bihar, workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) complain of not receiving wages for the work done in December 2011. Says Anil Kumar Paswan of Parihari village...
More »The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
More »Bihar in reverse gear-Jitendra
-Down to Earth State plans to bring down its minimum wage rate to that under MGNREGA TO reduce the burden of the state exchequer by Rs 600 crore, Bihar has decided to reduce its minimum wage rate offered to unskilled labourers, and make it on a par with the rate offered under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This is despite the Supreme Court’s ruling, in many cases, that...
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