With the Supreme Court throwing its full weight behind the Right of Children to Free and Compulsory Education Act, 2009, (better known as the Right to Education Act or RTE Act) on Thursday, the composition of students in schools as well as the economics of running schools will undergo dramatic changes. The apex court upheld the constitutional validity of the Act and directed all schools, including privately-run schools, irrespective of the...
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On the Recent Poverty Estimates-Himanshu
An unnecessary controversy has been started by the release of the poverty estimates of 2009-10 by the planning commission. The controversy, which was entirely avoidable, was allowed to go on because of the poor handling of the issue by the planning commission. It is unfortunate that the planning commission was less than willing to own the Tendulkar committee report which was submitted in December 2009 and accepted by the commission...
More »Banks asked to roll out new farm loan products-Dinesh Unnikrishnan
The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...
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-The Business Standard Now MGNREGA may bear the burden of PDS' failure This newspaper reported on Tuesday that the rural development ministry approached the food ministry suggesting that work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) be paid for using foodgrain. The impetus for the rural development ministry’s action is perhaps understandable. The Act provides for the possibility of a fraction of wages being paid in kind; the allocation...
More »What determines MGNREGA wages? by Sandip Sukhtankar
Officials may pocket the wage increases, but the wage level in MGNREGA seems just enough to induce workers to turn up. This year marks the sixth anniversary of the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), India's landmark right-to-work programme. The Act guarantees 100 days of paid employment to every rural household in India (up to 850 million people), regardless of eligibility criteria, and establishes the government's...
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