Five years and Rs 75,000 crore later, the Centre has asked states to start a physical trail of expenses incurred under the National Rural Employment Guarantee Scheme (NREGS). The move comes after the government found out that less than 5 per cent of the total 68.6 lakh works taken up to provide jobs to rural unemployed has been completed to date in the current fiscal. Even cumulatively, since its inception in 2006,...
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India Food Prices May Ease by Dilipp S Nag and Arpan Mukherjee
India's food prices are likely to ease, bringing down food inflation from stubbornly high levels, over the next two months as supplies of onions and other vegetables are expected to pick up, industry officials said Thursday. The country's food inflation rate surged to more than 18% in December as vegetable prices, particularly those of onions, spiked after unseasonal rain damaged crops. India's food inflation rate has slightly eased since then, but...
More »Five years of MG-NREGS, World’s Largest Rural Job Scheme
Five years is a short period but the achievements are awesome. About ten crore poorest of India’s poor have opened personal accounts in banks or post offices; people demand work because it is their right; it has already regenerated ponds and water bodies and other community assets in thousands of villages; men and women get equal wages for equal work and ordinary people have a right to audit development works...
More »Of margins and the marginalised by Jayati Ghosh
The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...
More »Wages of tokenism by TK Rajalakshmi
The revised daily wage for NREGS workers is still lower than the minimum wages paid in several States. A CONTROVERSY seems to have surfaced between the Prime Minister's Office and the National Advisory Council (NAC) on the issue of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The NAC has been arguing for some time that there should be parity between wages under the National Rural Employment...
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