-Business Standard Also for other programme impacting the non-urban economy, in the wake of two years of partial drought The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) seems likely to get its highest budgetary allocation since its launch a decade before. This allocation for 2016-17 could cross the previous highs of Rs 40,100 crore in the 2010-11 Budget and Rs 40,000 crore in 2011-12, by then finance minister Pranab Mukherjee. Actual spending...
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NDA junks the ‘dumb peasant’ argument -Anil Padmanabhan
-Livemint.com Traditionally, public policy has tended to view Indian farmers as what is described in economic history as the “dumb peasant” Last week, the National Democratic Alliance (NDA) government launched a revamped crop insurance scheme. At first glance, the scheme, christened Pradhan Mantri Fasal Bima Yojana, looks mostly like a reworking of the risk cover already in place; actually, it is much more. Not only does it take a big step in de-risking...
More »Just 62 people now own the same wealth as half the world's population, research finds -Jon Stone
-The Independent Wealth inequality has grown to the stage where 62 of the world's richest people own as much as the poorest half of humanity combined, according to a new report. The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world's population - 3.6 million people - has fallen by 41 per cent, or a trillion US dollars, since 2010. While this group has become...
More »Bina Agarwal, Professor of Development Economics and Environment at the University of Manchester in UK, interviewed by Samira Bose
-CaravanMagazine.in Bina Agarwal is a Professor of Development Economics and Environment at the University of Manchester, UK. Prior to this, she was the Director and Professor of Economics at the Institute of Economic Growth, Delhi University. Agarwal has written extensively on land, livelihoods and property rights; environment and development; the political economy of gender; poverty and inequality; legal change; and agriculture and technological transformation. Her best known work is A Field...
More »Wholesale food inflation at 17-month high
-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...
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