While monetary policy is an important element of the artillery against inflation — and with the 25 basis point hike, the RBI did part of what it was expected to do to tighten policy — there is the fiscal task too. As Raghuram Rajan, adviser to Prime Minister Manmohan Singh, points out, the Centre must control expenditure, cut subsidies and not start new spending programmes. Fiscal deficits are large and rising...

Prime Minister Manmohan Singh Wednesday said workers employed under the government's flagship rural jobs scheme, Mahatma Gandhi NREGA, would get higher wages to offset inflation. "We have decided to hike the wages as per the rise in consumer price index. This will raise the wages by 17 to 30 percent," Manmohan Singh said at a function to mark the fifth anniversary of the National Rural Employment Guarantee Act (NREGA). The gathering...

ive years after it came into being, hundreds of NGOs and activists would come together to recount the success and failure of MGNREGA at Udyog Maidan near Statue Circle on Wednesday. The Mahatma Gandhi National Rural Employment Guarantee Act had come into effect on February 2, 2006. According to Nikhil Dey of the Suchna Evum Rozgar Ka Adhikar Abhiyan, “These five years have seen not just many people getting employment...

Magsaysay award winner and activist Sandeep Pandey has decided to return the National Rural Employment Guarantee Scheme (NREGS) achievement award along with the cash award of Rs. 44,000 that was presented to him in February 2009.   In a letter to Rural Development Minister Vilasrao Deshmukh, he said that he is returning the award as no action has been taken yet in a 2009 incident in which dalit workers were beaten...

Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) completes five years since its launch tomorrow. In order to commemorate the completion of the fifth year of the National Rural Employment Guarantee Act, the Ministry Of Rural Development is organizing Mahatma Gandhi NREGA Sammelan on Wednesday, the 2nd February ,2011 . Five years ago on the same day, the scheme was launched from Anantapur district in Andhra Pradesh with the objective...