In what could be the first major signal of waning popularity of the UPA government’s flagship rural job scheme NREGS, data compiled by the Rural Development Ministry show that the number of households seeking employment under the scheme witnessed a drastic decline in 2011-12 fiscal as compared to the previous year. The data reveal that the number of households that availed jobs under NREGS declined by over 20 per cent during...

The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

-The Business Standard   Now MGNREGA may bear the burden of PDS' failure This newspaper reported on Tuesday that the Rural Development ministry approached the food ministry suggesting that work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) be paid for using foodgrain. The impetus for the Rural Development ministry’s action is perhaps understandable. The Act provides for the possibility of a fraction of wages being paid in kind; the allocation...

The Sonia-Gandhi led National Advisory Council is pushing to amend the Unorganised Workers’ Social Security Act, 2008 to make it more inclusive and include a comprehensive social security package. The council, which met last month, pitched for a security package that would contain health insurance, maternity assistance, a life-cum-disability insurance scheme and a pension plan that it proposed should be provided through a single window backed by an inter-ministerial committee consisting...

The professional divide on Tendulkar's estimation goes a long way back A committee is being set up to devise yet another methodology to estimate poverty in India. The step has led to some unhappiness among economists and experts that it amounts to junking the services and competence of an expert like the late Suresh Tendulkar, whose study is sought to be replaced. Under pressure from all sides over its estimate of people...