Five years and Rs 75,000 crore later, the Centre has asked states to start a physical trail of expenses incurred under the National Rural Employment Guarantee Scheme (NREGS). The move comes after the government found out that less than 5 per cent of the total 68.6 lakh works taken up to provide jobs to rural unemployed has been completed to date in the current fiscal. Even cumulatively, since its inception in 2006,...

Inflation is beginning to hurt seriously, corruption is at an all-time high and the government is not doing enough to tackle either problem. That is the way India's big cities feel on the two big issues dominating headlines in recent months, according to an 8-city survey done exclusively for TOI. Asked what impact rising prices have had on their household budgets, only 3% said it has had a small impact. About...

It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest.     “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development...

Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...