The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
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Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev
Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...
More »Laboured wages: On MGNREGS payments to States
-The Hindu Any delay in funds to be paid to States for Mahatma Gandhi National Rural Employment Guarantee Scheme payments is unethical A testy exchange in the Rajya Sabha between the Minister of State for Rural Development, Sadhvi Niranjan Jyoti, and the Trinamool Congress MP, Jawhar Sircar, on the withholding of funds for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in West Bengal laid bare a key implementation issue —...
More »Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman
-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...
More »No, economic recovery has not brought about a drop in MGNREGA job demand: Experts -Himanshu Nitnaware
-Down to Earth Delayed wages due to a lack of funds has eroded the confidence of job seekers in MGNREGA; This has driven down demand for work under the scheme this season Delayed wages due to a lack of funds has eroded the confidence of job seekers in the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This has driven down demand for work under the scheme this season, experts have told...
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