-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
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MGNREGA wages should not be less than minimum wage of a state: expert panel -Jitendra
-Down to Earth Panel headed by economists S Mahendra Dev also recommends linking wages to Consumer Price Index-Rural as cushion against inflation A committee of experts set up by the Union rural development ministry has recommended that the wages paid to unskilled agricultural labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) should be the minimum wage fixed by the respective state or the current wage as per the consumer...
More »Parting gift: wage hike and road relief -Basant Kumar Mohanty
-The Telegraph New Delhi: The UPA has hiked wages for national job scheme workers by 4-18 per cent in what appears to be a "parting gift" before the elections, but failed to match "arbitrary" revisions in minimum wages for agricultural labourers in 12 states, including Bengal. According to the new wage rates under the Mahatma Gandhi National Employment Guarantee Act, an MGNREGA labourer in Haryana will get Rs 236 a day, the...
More »Panel wants minimum wage linked to MGNREGA levels-Girija Shivakumar
-The Hindu States that increase minimum wage will have to bear extra cost from their own resources A committee set up by the Ministry of Rural Development to revise wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has offered suggestions that are likely to iron out long-standing issues relating to disparity in earnings under the scheme. Currently, MGNREGA wages are lower than the minimum wages in several States, including in...
More »Nomura says slowing rural wages should bring inflation down
-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...
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