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The economics of the MGNREGS -Sumit Mishra

-Livemint.com Academic assessment of the scheme appears far more favourable than evident from the public discourse Ten years after it was launched, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which promises 100 days of employment to every rural household, is back in the news. More people in rural India are seeking employment through the programme across the country, with job numbers scaling a five-year peak. Although the MGNREGS seems to be...

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States demand more money from Centre ahead of Budget

-Business Standard We should work in unison to boost growth: FM Even as the Centre harped on devolving higher share of funds to states following the recommendations of the 14th finance commission, the latter demanded that they be given more money and the Union government should retain its share of funding for centrally-sponsored schemes in the upcoming Budget. At the pre-Budget meeting with Finance Minister Arun Jaitley on Saturday, states also sought more...

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Nabard thinks Mumbai needs 50% of agri loans -Alok Deshpande

-The Hindu The fact that a megapolis, and not the drought-affected areas of Maharashtra, is the biggest beneficiary, has angered many Bristling with glass towers and commercial districts, Mumbai is unquestionably the financial capital of India. The most greenery an average Mumbaikar can hope to grow is a few herbs in window flower-pots. Which is why it seems strange that the city will be the biggest beneficiary of agriculture loans, as projected by...

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From Plate to Plough: How to expand inclusion -Ashok Gulati & Prerna Terway

-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...

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Some Good News

-Economic and Political Weekly Health and nutrition indicators have improved, but remain unacceptably low. After a hiatus of a decade, we now have up-to-date information on the health and nutrition status of the population. Preliminary results for 13 states and two union territories of the much awaited National Family Health Survey–4 (NFHS–4) which was conducted in 2015–16—the first after NFHS–3 of 2005–06—have just been released. In a welcome development, NFHS–4, for the...

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