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...

It has served as a tool to ease tension in Kandhamal and ethnic conflict among Manipur's tribal groups Officials rewarded for ingenuity at function celebrating completion of five years of MGNREGS Eight District Magistrates from across India rewarded for efforts in their respective districts Pepping up the rural economy, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) is also a magic wand for reducing tensions and forging social unity and bonding family...

It is tragic that the same government that gives huge corporate concessions and loses money in corruption is fighting over minimum wages. As India's — and by some reckoning the world's — largest rights-based rural safety net programme completes five years, here is a reality check. The National Rural Employment Guarantee Scheme (NREGS) has become the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). But in a monumental affront to the...

The revised daily wage for NREGS workers is still lower than the minimum wages paid in several States. A CONTROVERSY seems to have surfaced between the Prime Minister's Office and the National Advisory Council (NAC) on the issue of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The NAC has been arguing for some time that there should be parity between wages under the National Rural Employment...

The government’s bill for funding the National Rural Employment Guarantee Scheme (NREGS) has risen steeply, due to its decision to revise wage rates under these projects and to link these to the inflation rate. The government had agreed to indexation, but not to activists’ demand to pay at each state’s set minimum wage rates, indexed to inflation. The wage rates continue to be delinked from the statutory minimums applicable; in many...