-The Telegraph Thousands of labourers are trafficked out of India every day with promises of more Money and a better life. But the reality is far from it Time: 6 in the morning. Place: office of the National Anti-Trafficking Committee (NATC) in south Calcutta. The NATC is a non-government organisation. There are seven men sitting around a square table. They have landed hours ago from Kuala Lumpur, where they were working as...
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Unspent PM Kisan funds may be used for MGNREGA: Report
-TheWire.in While 7.17 crore farmers have been registered under PM Kisan, only 4.12 crore – those who registered in the first period – will be eligible to receive all four instalments that will be due by the end of March. New Delhi: Some portion of the Money that is likely to remain unspent under PM Kisan could be diverted for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), according to a...
More »Sinking MGNREGA: Almost one-in-five households refused work this year -Subodh Varma
-Newsclick.in Till October 2019, over 2.5 crore applicant households were turned back when they sought work under the rural job guarantee scheme. It would have seemed natural – indeed, imperative – that, as India grapples with a deadly slowdown, with agricultural economy growing only at around 2% and rural joblessness hovering at a shocking 8%, the government would infuse some energy in the implementation of the rural jobs guarantee scheme (MGNREGA). This...
More »Govt may pump more funds into NREGS to boost rural economy -Saubhadra Chatterji & Zia Haq
-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
More »Lending to small units fell in Q1, says MSME report
-The Hindu Business Line Credit risk is building in auto MSMEs, says Pulse report Mumbai: There was a marked slowdown in commercial credit growth in the quarter ending June 2019 along with a marginal deterioration in asset quality, according to the seventh edition of TransUnion CIBIL-SIDBI MSME Pulse Report. The total on-balance sheet commercial lending exposure in India declined to Rs.63.8 lakh crores in June 2019 from Rs.65.5 lakh crores in March 2019....
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