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Rs. 500 crore for pension for unorganised labour -Priscilla Jebaraj

-The Hindu Allocation for existing scheme slashed The Centre has allocated Rs.500 crore for a new pension scheme for workers in the unorganised sector, even while reducing its allocation for an existing pension scheme by Rs.775 crore. The new scheme, to be called the Pradhan Mantri Shram-Yogi Maandhan, will benefit unorganised sector workers who have a monthly income up to Rs.15,000. It will provide them a monthly pension of ?3,000 from the age...

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Modi Launches a Startling Pre-Election Budget, Massaged by Creative Accounting -Jayati Ghosh

-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...

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Govt should launch basic income scheme: Arvind Subramanian

-The Indian Express Subramanian’s suggestions come days ahead of the Budget to be presented on February 1. Incidentally, Congress President Rahul Gandhi said his party will bring Minimum Income Guarantee for every poor person if voted to power. New Delhi: In order to tackle agrarian distress effectively, the Central government and the states should launch a basic income scheme which guarantees minimum cash transfers to all except the well-off in rural...

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In bad news for girls, sex ratio at birth plunges in southern states -Rema Nagarajan

-The Times of India NEW DELHI: Abysmal sex ratios have generally been associated with states like Haryana and Punjab. However, the data for 2007 to 2016 on sex ratio at birth, an indication of which way the sex ratio will move in the coming years, shows that southern states barring Kerala have witnessed some of the most dramatic drops. Data collated by the office of the Registrar General of India from the...

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The failed promise of employment -CP Chandrasekhar

-Networkideas.org As election 2019 approaches, the Modi government, damaged by agrarian distress, is also being challenged by evidence that its record on employment generation has been extremely poor. To recall, in its campaign during the 2014 election which brought it back to power, the BJP-led National Democratic Alliance (NDA) promised to create 10 million jobs every year. The best source of information on employment we currently have is the privately conducted (and...

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