Kaushik Basu proposes a new framework for release of foodgrains from government warehouses. Last year, official food inflation peaked at 21.05 per cent for the week ended November 28. Since then, it has eased — though the year-on-year rise of 10.86 per cent for August 21 is still in double-digit territory. Moreover, in absolute terms, the ‘food articles' index for the latest recorded week, at 303.3, is higher than the 296.1 level...
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Rising prices: Top foodgrain producing states worst hit
Major foodgrains producing states have been the worst hit by rising prices, thanks to the Centre’s decision to pay more to farmers for their produce. Although inflation, as measured by the consumer price index (CPI), has been in double digits for nearly six months, there are several states where CPI in the rural region has been around 20%. A look at state-wise consumer price index numbers shows that pre-dominantly agri-based...
More »Jobs round the year mooted in Naxal areas by K Balchand
Members of the Central Employment Guarantee Council (CEGC), the government body for implementation of the Mahatma Gandhi National Rural Employment Guarantee Act, have suggested that jobs be guaranteed round the year in Naxal-hit regions. The suggestion, made by one of the six working groups set up for improving the scope of the MNREGS, came up for discussion at Friday's CEGC meeting here. The group said that in drought prone areas and regions...
More »Depreciating wages of MGNREGA workers causes concern
The working group on wages, constituted under the auspices of the Central Employment Guarantee Council (CEGC) that governs the functioning of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA), in a report, has expressed concern over what it described as a crisis of the wage policy. The report, which will be taken up for consideration at a CEGC meeting on Friday, points to the depreciating wages of the MGNREGA workers,...
More »Job scheme boosts rural household income 74% by Sandip Das
The employment guarantee scheme has resulted in a big spurt in not only wages but also household income in the rural areas, an analysis of the data since the beginning of the programme in 2006-07 show. While rural wages have risen 38% since 2006-07, household income saw a 74% increase in the four years up to 2009-10. This is despite the fact that just 13% of the 5 crore beneficiary families...
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