-The Hindu Business Line The Finance Ministry has asked the Agriculture Ministry to complete the payout of two instalments of Rs.4,000 to farmers under the PM Kisan scheme by September 30. This is to boost Rural Demand in the coming festival season. PM Kisan or Pradhan Mantri Kisan Samman Nidhi is an income support scheme. It provides Rs.6,000 in three equal instalments annually. Initially, the coverage was limited to small and marginal...
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How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
More »Government to peg MGNREGA wages to inflation in bid to hike incomes -Priscilla Jebaraj
-The Hindu Stimulus measure to link pay to consumer price index with annual revision. Staring at a slump in Rural Demand and a slowdown in the rural economy, the Centre plans to inject more money into the UPA’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. It hopes this will increase wages, thus increasing...
More »Not a single Uttar Pradesh farmer has got PM-Kisan 3rd tranche, Finance Ministry concerned -P Vaidyanathan Iyer and Harish Damodaran
-The Indian Express Andhra Pradesh, Gujarat and Telangana are the top three states, having disbursed the third instalment to almost 16.35 lakh, 13.99 lakh and 11.03 lakh farmers, respectively. Uttar Pradesh, which accounts for one out of every four farmers in the country, has not yet paid the third instalment under PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) to a single farmer, according to the last update Monday night on the scheme’s...
More »Rate cut alone can't arrest slump, boost Rural Demand: SBI report
-PTI Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth. Lose-monetary policy alone cannot arrest the deepening slump, instead government must take demand-boosting measures, especially in rural areas, by frontloading expenditure primarily through the national rural employment scheme, says a report. Economists at State Bank Research Monday also warned that any attempt to trim government spending to...
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