-The Hindu The World Bank said on Tuesday that the spike in ‘unmet demand’ for MGNREGA jobs is an indicator of increasing rural distress. Since the scheme is the only and therefore the best bet India has for mitigating the impact on the poor of the recent unseasonal rains, the government should take steps aimed at arresting delays in wage payments and the rising unmet demand for jobs. “If you are a...

-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...

-Hindustan Times New Delhi: About half of Delhi would have flattened out had the epicentre of Saturday's morning earthquake been in or near the national capital. DK Paul, professor emeritus at IIT Roorkee's earthquake engineering department and part of the team that carried out a microzonation study of the capital in 2007, told HT that devastation in Delhi would be many times more not only on account of its high seismicity (it...

-The Hindu A properly designed and implemented procurement law is long overdue. It can improve financial management, and bring large financial and governance benefits Finance Minister Arun Jaitley’s 2015-16 budget speech signalled the government’s commitment to formally legalise India’s public procurement system as a part of its continuing reforms in public financial management. Following this, the Ministry of Finance is seeking suggestions to refine the Public Procurement Bill of 2012, introduced by...

-Hindustan Times Some global meteorological agencies have pointed to the rising risks of an El Nino weather pattern this year which can trigger a poor monsoon in India, potentially posing an immediate challenge for the Narendra Modi government. El Nino, literally “little boy” in Spanish, is a climate phenomenon marked by higher sea-surface temperatures in the equatorial Pacific. Its effects vary, from storms in California to drought in Australia and India. ...