-PTI Amidst opposition in several quarters to its plan to tweak the rural job scheme, NDA government on Thursday asserted that it would go ahead with MGNREGA reforms as it charged that the flagship programme of the previous UPA regime "was allowed to be exploited for purely partisan purposes". "The tendencies of acquiring easy money and using government funds for political party promotion could be curbed only when a spirited team of...
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WPI inflation hits 5-year low of 2.38% on cheaper food prices
-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
More »Continue with NREGA, economists urge Modi
-The Hindu Chennai: Several leading economists have appealed to Prime Minister Narendra Modi to continue with the Mahatma Gandhi National Rural Employment Guarantee Act amid apprehensions that the government might restrict the programme and not offer it adequate support. In a letter to Mr. Modi, Dilip Abreu, Pranab Bardhan, V. Bhaskar, Ashwini Deshpande, Jean Dreze, Maitreesh Ghatak, Jayati Ghosh, Dilip Mookherjee, R. Nagaraj, Debraj Ray and others argued that despite numerous hurdles,...
More »Economists petition Modi against dilution of MGNREGA
-The Business Standard Alarm bells on rural jobs guarantee law A group of around 30 economists from India and abroad have written a letter to Prime Minister Narendra Modi, asking him to ensure there is no dilution or restriction of the provisions of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). They have argued the scheme has wide-ranging social benefits, beside creation of productive assets. They have said corruption was and remains...
More »SOS to PM Modi: Don't Dilute NREGA, Write 28 Leading Economists -Deepshikha Ghosh
-NDTV Prime Minister Narendra Modi has received a sharp letter from 28 leading economists who say they fear his government is trying to dilute the rural jobs guarantee scheme brought in by the previous UPA government. "We are writing to express our deep concern about the future of the National Rural Employment Guarantee Act for NREGA," the letter said. (Read the full text of the letter) "It is alarming to hear of multiple...
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