-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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NREGA spiked rural wages only 10%, rest is from MSPs: Rajan
-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...
More »MGNREGA wages should not be less than minimum wage of a state: expert panel -Jitendra
-Down to Earth Panel headed by economists S Mahendra Dev also recommends linking wages to Consumer Price Index-Rural as cushion against inflation A committee of experts set up by the Union rural development ministry has recommended that the wages paid to unskilled agricultural labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) should be the minimum wage fixed by the respective state or the current wage as per the consumer...
More »The labour reforms we truly need -KR Shyam Sundar
-The Hindu Business Line The case against labour inspector raj is overstated. Labour courts need to be strengthened The labour reform debate in India has acquired renewed vigour under the new government. The Rajasthan and the Haryana governments have recently proposed to amend a few Central labour laws. The Ministry of Labour and Employment has also circulated labour reform proposals. The Department of Industrial Policy and Promotion has issued an "advisory" to the...
More »Panel proposes change in MGNREGS wages -Elizabeth Roche
-Live Mint Panel recommends wages under the MGNREGS be made equal to or higher than the minimum wage determined by state govts New Delhi: A high-level panel constituted by the previous Congress-led United Progressive Alliance government has recommended that wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) be made equal to or higher than the minimum wage determined by state governments. The panel, headed by S. Mahendra Dev, director...
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