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...
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'FPOs need sustained support'
-The Hindu Business Line Kochi (Kerala): The two-day conference on ‘Models for Agricultural Development: Experiences of Farmer Producer Companies’, has called for sustained efforts to strengthen, streamline, support and coordinate Farmer Producer Organisations. The conference, jointly organised by the Department of Agricultural Economics, Kerala Agriculture University and Indian Society of Agricultural Economics (ISAE), mooted a national level consortium to help the FPCs realise their goals and lead the efforts to enhance farmers’...
More »Rural distress: Last year of Govt saw highest demand for MNREGA jobs in 8 yrs -Shalini Nair
-The Indian Express In 2014-15, the first year under of the NDA government when Prime Minister Narendra Modi had dismissed MGNREGA as “the living monument of UPA’s failure’, the person-days generated was just 166 crore. In an indicator of rural distress, the last year of the NDA government shows a marked increase in the demand for jobs under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Official data show that...
More »Few details, Rs 3.6 lakh crore-question: Will it be a top-up or subsidy tweak? -Aanchal Magazine
-The Indian Express According to the Central Statistics Office, there were 24.95 crore households in India in 2011. If every household in the bottom 20 per cent is eligible for this income, this translates into a total expenditure of about Rs 3.6 lakh crore annually. When Congress president Rahul Gandhi announced that his party, if voted to power, would offer a minimum income of Rs 72,000 a year for the poorest 20...
More »Swaraj is the kisan's birthright and he should have it -Harish Damodaran
-The Indian Express Agrarian crisis is an opportunity, for the government that assumes office after elections, to enact a law giving farmers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great Hyperinflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to...
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