Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food price inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...
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Lok Sabha Standing Committee Concerned about Reduction in MGNREGA Budget, Recommends Increase
A report released by a Parliamentary standing committee has expressed concern over the reduction of funds for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The report by the Lok Sabha Standing Committee on Rural Development and Panchayati Raj released on 14 March, 2023 said that the Budget Estimates for MGNREGS has been reduced by Rs. 29,400 Crore for 2023-24 when compared to the Revised Estimates of 2022-23. The report said...
More »Supreme Court rejects Centre's plea for more compensation from Carbide's successor firms - Ashmit Kumar
CNBC-TV18 The Supreme Court rejected the Centre's curative plea for enhanced compensation for the victims of the 1984 Bhopal Gas tragedy from US-based firm Union Carbide Corporation (UCC). The court rather asked the government to utilise a sum of Rs 50 crore lying with the Reserve Bank of India (RBI) to satisfy pending claims of victims. The government had sought an additional Rs 7,844 crore from the UCC successor firms to extend...
More »Average employment days under MGNREGA could be at three-year low in FY23 - Parvathi Benu
The Hindu Businessline The average days of employment per household under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in FY23 are likely to be lower than in the last two fiscal years. This is according to the analysis of the data the Ministry of Rural Development put out. Data until March 6 show that the average days of employment under the Act was 45 in FY23. An extrapolation of the...
More »Rural Consumption Stays Sluggish; Weather poses risk to recovery - Gireesh Chandra Prasad
Livemint While India staged a double-digit rebound in household consumption in FY22 which is set to expand at over 7% this fiscal, experts point out that India’s consumption story has a weakness — rural folk tightening their belt in the face of inflation. The silver lining is that the worst may be over, unless El Nino conditions disrupt the arrival of the rains and dampen a consumption revival, experts said. Gross domestic product...
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