A swarm of fake cards has rampaged the MGNREGA project or 100 days of work in West Bengal. More than 1 million counterfeit job cards have been caught in West Bengal in the last year, and all of them have been cancelled. The nodal division in charge of the 100-day project under the state’s Panchayat and Rural Development Department revealed. "The exact statistics of the total number of fake job cards...
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Consumer sentiments improve but still too low - Mahesh Vyas
Centre for Monitoring Indian Economy Consumer sentiments improved in January 2023. CMIE's Index of Consumer Sentiments (ICS) reached 83.9, which is the highest since sentiments were hit severely by the Covid-19 induced lockdowns. The ICS, however, continues to remain lower than its pre-pandemic level. The ICS was at 105.3 in February 2020. The recovery in consumer sentiments from the pandemic has been the slowest among all economic indicators. While most production indicators...
More »Agriculture doesn’t get its due in budget - Kedar Vishnu, Ashish Andhale
Deccan Herald Many economists expected a massive allocation for the agricultural sector in the budget, especially after the repeal of three farm law bills. However, the agricultural sector allocation decreased drastically from Rs 1.33 lakh crore in the Union Budget 2022–23 to Rs 1.25 lakh crore in 2023–24. It received only 3.78 per cent of the total budget share in 2021–22; this was reduced to 3.36 per cent in 2022–23 and further...
More »India's sugar output could fall further as cane matures early - Rajendra Jadhav
Reuters India is set to produce lesser sugar than previously estimated by industry bodies and government agencies, with the cane crop maturing early and losing weight due to weather conditions in key growing regions, farmers and traders told Reuters. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and helping rivals Brazil and Thailand to increase their shipments. India was estimated to produce 34 to...
More »NREGA sangharsh morcha asks for withdrawal of NMMS app for marking compulsory worker attendance
In the recent week, the Ministry of Rural Development (MoRD) has dealt three major, concerted blows to the National Rural Employment Guarantee Act (NREGA): (1) The Budget allocation for NREGA was reduced to just Rs 60,000 crore in 2023-24 (less than Rs 50,000 crore if we deduct wage arrears from 2022-23). This makes this year’s allocation the lowest as a proportion of GDP (0.2%) in the history of the programme. (2) The...
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