-Press Information Bureau/ Ministry of Rural Development Year end Review -2014-15 The Ministry of Rural Development is likely to introduce Mobile Monitoring System for effective implementation of Mahatma Gandhi National Rural Employment Guarantee Act, MGNREGA. The Monitoring System will be introduced on a pilot basis to allow real time monitoring of all works, workers attendance and work site measurement. The move is likely to plug leakages in the rural job scheme. Moreover,...
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WPI inflation hits 5-year low of 2.38% on cheaper food prices
-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
More »Handle age with care -Charan Singh and SJS Swamidoss
-The Indian Express While the new government has spoken about taking policy measures to address the needs of India's young population, nearly 10 crore of the elderly - citizens above 60 years of age - are generally neglected in policymaking. The latest Census data report that 15 per cent of the elderly live alone, mainly because of the nuclearisation of the family. As longevity is increasing and women tend to live...
More »Don’t blame MSP for inflation -Amartya Lahiri
-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
More »Only 12% deficit in monsoon rainfall: Why is the picture of rural economy still uncertain? -Jayashree Bhosale & Avinash Celestine
-The Economic Times Dinkar Patil, a farmer from Buldhana district in Vidarbha, Maharashtra, normally cultivates cotton on his 13-acre farm land. This year, however, he has skipped the cotton crop and opted for soyabean and tur dal. "The rainfall started late. I did not cultivate cotton because of the delayed rains and the huge increase in cost of cultivation of the crop," said Patil. He is expecting a fall of about...
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