-Press release by NREGA Sangharsh Morcha dated 31st January, 2020 Rural distress has risen to alarming levels. As per the Periodic Labour Force Survey (PLFS) of 2017-18, rural Unemployment stands at 8 percent (statement 30 in Section 3.7, PLFS). In conjunction with skyrocketing food inflation levels, this is a serious concern. The situation is much worse for the landless depending on casual manual labour who constitute more than half the rural...
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Dig holes and fill them up -Surajit Das
-TelanganaToday.in Follow the Keynesian policy and go for larger fiscal deficit that puts more purchasing power in people’s hands Finance Minister Nirmala Sitharaman will present her second Budget on February 1 amid a slowdown in GDP growth and an increase in the rate of Unemployment. Even supply-side economists are acknowledging that the current situation is because of the problem of aggregate demand. The demand-side economists, anyway, have been arguing for expansionary...
More »Budget 2020: You did promise jobs, Mr. Modi, didn't you? -Subodh Varma
-Newsclick.in Will this Budget give any signal that the government is tackling the deadly jobs crisis? Budgets usually don’t address big systemic issues. After all, they only arrange for government revenue and expenditure for one year. But, if the water is flowing over your head, a Budget could very well give a strong signal of beginning something. It could open the door to policy changes, and declare a determined political intent. The raging...
More »Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of Unemployment in the past 45 years and food inflation...
More »Budgeting for jobs, skilling and economic revival -Ram Singh
-The Hindu The Budget needs to provide direction to India’s tottering economy and a boost to aggregate demand and investment The forthcoming Union Budget will determine whether India’s economic engine gets the steam needed for a rebound, or the current economic situation becomes even worse. Not just the future of the economy, the future of the country’s youth depends on the Budget. The Unemployment rate at 6.1% (Financial Year 2017-2018) is the highest...
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