-Gaon Connection As against the current allocation of Rs 101,500 crore towards MGNREGA this financial year, there is a need for an additional allocation of Rs 100,000 crore towards the programme to meet the work demands of rural population. As of August 24, the Government of India is left with about Rs 45,000 crore for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), and there are still seven months to go in...
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‘Illegal mining’ could soon become legal. Modi Government gives just 10 days for public feedback -Supriya Sharma
-Scroll.in Mining companies stand to benefit from one of the amendments being pushed through without proper public consultation. India’s mining law enables the Government to recover 100% of the value of minerals extracted illegally. Based on this provision, in August 2017, the Supreme Court of India ordered the recovery of Rs 17,576 crore from mining companies that had extracted iron ore and manganese in Odisha in violation of environmental laws. If the Modi...
More »India must aim for wider consumer base, direct public spending accordingly -Suvodeep Rakshit and Avijit Puri
-The Indian Express To achieve economic growth of 7-8 per cent, the Government needs to start addressing some of the traditional sore points such as the large infrastructure deficit, the weak financial sector, archaic land and labour laws, and the administrative and judicial hurdles. India entered the pandemic with declining growth and limited scope for a conventional and large fiscal stimulus. We had noted in an article (IE, January 20, ‘Limited scope...
More »Activists Oppose 10-day Public Consultations on Mining Reform, Seek Extension -Abir Dasgupta
-Newsclick.in Members of civil society and concerned activists have condemned a proposal for mining reforms issued by the Ministry of Mines. The notice that was made public on August 24 proposing substantive changes to mineral laws, rules, and regulations, is seeking public comments within a period of 10 days. Bengaluru: On August 24, the Union Ministry of Mines posted on its website a “note on proposal for Mining Reforms”. The note detailing...
More »Economy: steepest GDP decline on record -R Suryamurthy
-The Telegraph The last time that India faced a full-year contraction in its real GDP was in 1980 The Indian economy shrank by 23.9 per cent in the first quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected. It marks the steepest decline since the National Statistical Office (NSO) started quarterly measurement of gross domestic product (GDP) in 1996. The slide in real GDP...
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