-Live Mint Rural livelihoods have improved because of MGNREGA. It is wrong to say the scheme has not worked If some recent news articles are to be believed, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a scheme that costs less than 0.35% of India's gross domestic product (GDP), has crashed the country's economy. The latest to join this bandwagon of criticism is an editorial in Mint. ("MGNREGA: A tale...
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Can higher interest rates tame India's food inflation? -Dipak Dasgupta
-The Business Standard The challenge to anti-inflation policy lies in better institutions and better evidence-based policy Our failure to rein in inflation has been costly. Economically, it has hurt growth. Poor and urban middle-class households have been affected the most. A combination of slowing growth and high inflation has weakened our macro-fundamentals: households fled financial savings, domestic and foreign investors lost confidence, and the rupee plunged. Politically, it has been a disaster. For...
More »Rahul effect: Govt raises cap on subsidized LPG cylinders to 12
-PTI NEW DELHI: Bowing to party pressure, the government on Thursday raised the quota of subsidized LPG to 12 cylinders per household in a year from nine at present and also put on hold paying users the subsidy into bank accounts using Aadhaar platform. Announcing the decision taken by the Cabinet Committee on Political Affairs, oil minister M Veerappa Moily said raising the LPG quota will cost Rs 5,000 crore in additional...
More »Pan masala, gutka to cost more as govt raises duty
-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
More »'I don’t tell them if I am not well, as I may lose a day’s salary' -Harsha Raj Gatty
-The Indian Express Domestic workers in the state are meant to get minimum wage of Rs 5,000, health care benefits, scholarships for kids, life insurance. It's 4 am and Vasanthi B is already up. After years, it's now a habit, and she doesn't need an alarm to wake up to get her daughters Shweta, Shilpa and Shobha, aged 11, 9 and 7 respectively, ready for school. By the time they leave at...
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