A generally beleaguered microfinance industry was eagerly waiting for Yezdi Malegam for deliverance. Any conversation about the microfinance business would end with the expectation that the Malegam committee would deliver a healthy dose of oxygen to the choking microfinance industry. The report was expected to be the panacea for all that ails microfinance in India. The report, which came out on Monday, disappoints not only in its inability to meet these...

For Union minister C P Joshi the failure to handle the UPA goverment's flagship programme of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) resulted in his transition from rural development to surface transport. Joshi had not acted on a letter from Congress president Sonia Gandhi to raise MGNREGA wages and also stood in contempt of an Andhra Pradesh High Court order. Joshi was earlier seen as a trusted man...

A fortnight after Prime Minister Manmohan Singh said wages paid under the National Rural Employment Guarantee Act (NREGA) would not be linked with minimum wages, Minister of State for Labour Harish Rawat today said NREGA was a flawed law, as it went against the Minimum Wages Act. Rawat told Business Standard the section in the law which contained a contradiction with the minimum wages Act made it a flawed piece of...

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a landmark legislation to improve the economic condition of rural mass of India through an assured 100 days of employment per household per year, was initially implemented in West Garo Hill and South Garo Hills districts of Meghalaya in 2006, with much publicity. The scheme emanating from the MGNREGA for providing unskilled manual work for 100 days per household at Rs...

As many as 9.063 lakh Manav Divas under Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) have been created for the job card holders, since April in Dehradun district, said a department officers while talking to The Pioneer on Tuesday. He said that the department has spent `15.11 crore for providing employment to the job card holders under the MNREGA since April in the district. While talking to The Pioneer Doiwala Block...