During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »The missing women in India’s workforce -Dipa Sinha
-Hindustan Times Studies have shown that women are willing to be employed, negating the argument that cultural factors keep women from working outside the household According to the Periodic Labour Force Survey 2018-19, the female labour force participation rates among women aged above 15 years are as low as 26.4% in rural areas and 20.4% in urban areas in India. Both supply and demand factors contribute to the low levels of employment...
More »The pandemic has hampered social auditing of MGNREGA
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...
More »From Modi To Sitharaman, The Total About-Turn On MNREGA -Praveen Chakravarty
-NDTV.com In February 2015, Prime Minister Narendra Modi, in a speech in Parliament, ridiculed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) program as a symbol of the policy failures of the previous United Progressive Alliance (UPA) government headed by Dr. Manmohan Singh and, in his typical coarse style, taunted that he would bleed the program to a slow death. Exactly six years later, on February 12, 2021, Finance Minister Nirmala...
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