-The Indian Express Claims that Aadhaar has increased the demand and allocations of NREGA work rest on several faulty assumptions. Two newspaper articles in the Times of India and Financial Express claimed that Aadhaar linking boosts MGNREGA and has cut wage payment delays. Both articles were based on a working paper, “A Friend Indeed”, by members of the Digital Identity Research Initiative (DIRI) at the Indian School of Business (ISB), Hyderabad. The ISB...
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Jharkhand lacks universal pension coverage, allege civil society activitists
-Press release by Right to Food Campaign dated 28th September, 2018 17 lakh elderly, widows and differently-abled persons in Jharkhand who qualify for social security pensions, do not receive their entitlement. One important reason is that pension coverage in Jharkhand is not universal. Even those who do receive pensions face chronic selection errors and administrative glitches. In 2016-17, 3 lakh pensioners were deleted as “fake”, though many genuine persons, whose pension...
More »Maitreesh Ghatak, Professor of Economics at London School of Economics, interviewed by Tathagata Bhattacharya (National Herald)
-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
More »MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan Credit Card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan Credit Card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
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