-The Indian Express Lack of adequate staff, payment delays undermine MGNREGA in a drought-hit district The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has completed 10 years and the NDA government recently claimed that its rule has resulted in a “transformation” in the implementation of the scheme. The veracity of the claim is highly questionable as we observe a wide lacuna in its implementation in several places. Here, we focus...
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From Plate to Plough: How to expand inclusion -Ashok Gulati & Prerna Terway
-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...
More »Raghuram Rajan: No one wants to go after rich and well-connected wrongdoer
-The Indian Express Rajan also raised the issue whether the RBI is taking a lenient view against malpractices in the Banking sector and said there’s “a sense that we do not enforce compliance”. Is India a weak state which punishes only the small and weak? RBI Governor Raghuram Rajan who made some plain speaking to his colleagues in the central bank has said “the rich and well-connected wrong-doer” is virtually going scot-free. In...
More »Banks asked to consider quota for SC/ST staff -Krishnadas Rajagopal
-The Hindu Employees from the community say they have poor representation in officer ranks The Supreme Court on Friday asked the Centre and public sector Banking authorities to consider providing reservation to Scheduled Castes and Scheduled Tribes employees in promotion to officers’ ranks at all levels. “The grievance of the employees belonging to the Scheduled Castes and Scheduled Tribes category is that there is negligible representation of employees belonging to their community in...
More »Managing agricultural risk
-The Hindu Business Line The proposed crop insurance overhaul is a welcome step The Centre’s move to come out with a new crop insurance policy has not come a moment too soon. The initiative seems keen to address two main impediments to enhance the coverage of crop insurance — high rates of premium under the Modified National Agriculture Insurance Scheme (MNAIS), particularly in relation to the sum insured, and inaccuracies in estimating...
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