The government would not hesitate to increase the spend under the MGNREGA Programme if the need arises in the future, Anurag Singh Thakur has said
If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts
The allocation is substantially lower than the actual expenditure of Rs 1.11 trillion in the current fiscal
Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time
The move aims to encourage employment opportunities
We take a look at what transpired on the jobs and labour fronts in 2020 and what experts have to say as we step into 2021
Says fiscal consolidation be pushed for later years or formulated from three-year perspective
The MGNREGA gained greater significance this year as the pandemic crushed livelihoods across the country
Nearly 13% of surveyed workers reported rejected payments and most were unaware of the reason for rejection
The tentative data sourced from the GKRA website shows that since June, around 1.10 million works have been completed under the campaign.
The study estimated that the average cost incurred by a MGNREGA worker to visit post offices is the lowest at Rs 6, while a bank visit costs Rs 31, and Rs 67 for an ATM visit
Rural economy won't be able to support excess workers forever
Of 24.3 mn households that demanded work, only 16.3 mn got it
As economic indicators and tax receipts improve, evidence of stress begin to appear too
Labour out-migration from cities led to temporary rural unemployment, shows state finance report
Book review of The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy
FM also said that probably for the first time the government has sought such a huge amount in the first batch of the supplementary demands for grants
The additional requirement includes Rs 40,000 cr for works under MGNREGA and Rs 20,000 cr for bank recapitalisation
This includes Rs 40,000 cr towards enhanced expenditure under MGNREGS
Rains do swivel between normal, deficient and excess across years, but good rains in times of severe contraction in the economy are a big relief