-The Indian Express The NITI Aayog VC had dismissed Congress's promise of a minimum income of Rs 6000 to the poorest 20 per cent households saying the party can “say and do anything to win elections”. New Delhi: RESPONDING TO the letter seeking an explanation for his criticism of the proposed Nyunatam Aay Yojana (NYAY), NITI Aayog Vice-Chairman (VC) Rajiv Kumar told the Election Commission (EC) on Tuesday that he spoke...
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Rural distress is real: Negative monthly growth of real wage rates witnessed in rural areas for 9 consecutive months, starting from November 2017
Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
More »Exercise in manipulation -CP Chandrasekhar
-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....
More »Farm loan waivers kill credit culture, says Raghuram Rajan
-PTI NEW DELHI: India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday. "First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that farm loan waivers are not the answers. But there are other answers," he said when asked about what should...
More »Why linking MGNREGA payments to Aadhaar is a mistake -Debmalya Nandy
-Down to Earth How did the government apply Section 7 of the Aadhaar Act to the payments of MGNREGA remuneration, which in no way seem to be in accordance with the guidelines of the Act The payments of wages in MGNREGS (Mahatma Gandhi Rural Employment Guarantee Scheme) are done through the Aadhaar Payments Bridge (APB) using the Direct Benefit Transfer (DBT) systems. Section 7 of the Aadhaar Act has been applied to...
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