-Down to Earth The focus of MGNREGA has, over time, shifted from employment creation to asset creation The funds allocated in the Union budget 2021-22 for implementing schemes under the Mahatma Gandhi National rural Employment Guarantee Act (MGNREGA) were exhausted within the first half of this financial year. The budgetary provision for 2021-22 was Rs 73,000 crore, of which Rs 79,810 crore has been spent. Many workers didn’t get paid; it may take...
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Urban poor bearing the brunt of high inflation: Crisil
-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...
More »90% of MGNREGA Funds for 2021-22 Financial Year Utilised, Remaining Cover Just 13 Days of Work: Report -Ronak Chhabra
-Newsclick.in As per a report authored by People's Action for Employment Guarantee (PAEG), 90& of the total allocated funds to the MGNREGA scheme had been utilised, even as five more months are left for the current financial year to end. On Friday, the "NREGA National Tracker" report, authored by People's Action for Employment Guarantee (PAEG), was released for the April-September period of this year in a virtual press conference jointly held with...
More »Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data
One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
More »Almost 90% of total allocated funds for MGNREGA in 2021-22 have been utilised, shows tracker prepared by PAEG
-MGNREGA National Tracker (1 April-30 September 2021) by Peoples' Action for Employment Guarantee (PAEG), released on 29th October 2021 Highlights of the Tracker: • The total budget allocation for NREGA is 34 percent less than the revised budget for the previous year. • Remaining Funds Can Cover At Most 13 Days of Employment per Household till March 31, 2022. • Pending liabilities from previous years amount to 17,180 crores, 23.53 percent of the total...
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