When a massive sum of public Money is spent on a programme like Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA)--a demand-driven programme, there is likelihood of financial misappropriations and mismanagement. Thankfully there are checks and balances in the rural employment guarantee legislation to counter such malpractices. It is worth noting that the total allocation under the Mahatma Gandhi Rural Employment Guarantee Programme (MGNREGA) for 2020-21 was Rs. 1,11,500.00 crore (R.E.), up...

-The Hindu/ PTI Nearly 96% of the people surveyed under a food rights campaign in Maharashtra faced a drop in their earnings during the novel coronavirus-induced lockdown last year, a social body claims. Mumbai: Job losses and non-availability of casual work were the key reasons for this, and every fifth respondent was forced to go hungry because of no Money to buy food, Mukta Srivastava, the State’s convener for the Anna Adhikar...

-ThePrint.in The mica mining industry today operates via unlicensed middle men and labourers who scavenge for mica in large abandoned mines, or dig holes into the earth for scraps. Giridih, Jhumri Telaiya: For generations, families living in the Koderma and Giridih districts of Jharkhand have survived on the collection and trade of mica — a shimmery, translucent mineral used in cosmetics and automobiles. The mining of mica was once a legal, thriving business...

-The Hindu Subjective well-being and income are intricately linked The question whether the rich are more satisfied with their lives is often taken for granted, even though surveys, like the Gallup World Poll, show that the relationship between subjective well-being and income is often weak, except in low-income countries in Africa and South Asia. Researcher Daniel Kahneman and his collaborators, for example, report that the correlation between household income and reported life...

-NDTV blog If you had invested all your savings in the stock market at the end of March last year, by now, you would have almost doubled your Money. But in the same period, India's GDP in today's prices would have slid by at least 9-10 percent. Anyone who looks at this divergence will say that the markets have completely 'decoupled' from the economy. Conventional wisdom tells us that this is a...