-PTI WASHINGTON: India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, World Bank has said. India is among the five middle-income countries running the world's largest social safety net programmes, said a World Bank Group's report 'The State of Social Safety Nets 2015'. "The world's five largest social safety net programmes are all...
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-Business Standard Agricultural marketing reform should first take states on board The Cabinet Committee on Economic Affairs (CCEA) has announced plans for a "national agricultural market" which would involve the integration of 585 major regulated mandis through electronic platforms over three years. Several problems in the current farm marketing system, governed by the monopolistic agricultural produce marketing committees (APMCs), might be addressed if this works: the multiplicity of mandi fees and licences...
More »India made ‘impressive progress’ in providing primary education: UN Report
-PTI India has made “impressive” progress in providing primary education to its children but it is still struggling to achieve similar results in lower secondary education and has the largest number of out-of-school adolescents, a UN study said today. According to the study by the UN Educational, Scientific and Cultural Organisation (UNESCO) and the Education for All Global Monitoring Report (EFR GMR), 124 million children and adolescents are now out of school...
More »Inequality is bad for growth -Himanshu
-Livemint Tackling inequality and inclusive growth is an economic necessity for the country After Pope Francis, it is now the turn of the International Monetary Fund (IMF) to raise concerns about high income inequality. Dubbed as “Francis the Marxist”, for his tweet “Inequality is the root of social evil”, the Pope has been raising issues of inequality and its consequences. The latest discussion paper by IMF not only supports the ethical...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper Middle Class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the Middle Class who are defaulting on their loans. It's the country's super rich,...
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