Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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Can MGNREGA be a tool for post-COVID-19 rural recovery -Shilp Verma
-Down to Earth Agriculture is the least-affected sector of the economy. It is poised to gain and lead economy’s revival process ‘Year of COVID-19’— this is how 2020 is probably going to be remembered. It has been more than six months that the novel coronavirus disease has been dominating public discourse, news cycles, internet searches and even geopolitics. As on July 8, 2020, India had more than 0.7 million cases. It was among...
More »Green-lighting ecological decimation amidst a pandemic -Chitrangada Choudhury and Aniket Aga
-The Hindu Projects in critical forest habitats are being considered or have been given clearance by the Environment Ministry Few countries are witnessing such severe direct and indirect devastation on account of the COVID-19 pandemic as India. Yet, there is little attention on the roots of our vulnerability. Our challenge is hardly limited to escaping a virus with lockdowns and masks in the short term, and vaccination in the long term. It would...
More »Why India’s trade surplus is a warning signal -Parthapratim Pal and Partha Ray
-The Hindu Business Line Despite the lockdown, India’s trade balance in April and May turned positive. This has been achieved by a sharper decline in imports, pointing towards a contraction of demand in the real economy The RBI has released India’s balance of payments data for the fourth quarter (January-March) of 2019-20. It shows that during this quarter, India has managed a small current account surplus which is around 0.1 per cent...
More »Large sections of poor are unlikely to benefit from extension of food grains scheme -Swati Narayan
-The Indian Express Expansion and universalisation of the PDS, pensions, cash grants and employment guarantee schemes in both urban and rural areas are essential to tide through these difficult times. The Prime Minister’s extension of free food grains for 800 million Indians till November is undoubtedly a relief. The granaries of the Food Corporation of India (FCI) are overflowing with more than 100 million tonnes of food grains. But the economy has,...
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