Rural Wage Crisis

Retail inflation for agricultural, rural workers marginally up in Oct

Retail inflation for agricultural labourers and rural workers rose marginally to 7.08 per cent and 6.92 per cent in October, respectively, from 6.70 per cent and 6.55 per cent respectively in September 2023 due to higher prices of certain food items. Point to point rate of inflation based on CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 7.22 per cent and 7.34 per cent, respectively in October 2022, a labour ministry statement said. Food inflation stood at 8.42 per cent and 8.18 per cent for CPI-AL and CPI-RL in October 2023 compared to 8.06 per cent and 7.73 per cent respectively in September 2023 and 7.05 per cent and 7.00 per cent respectively during the corresponding month of the previous year. The All India CPI-AL and CPI-RL for October 2023 increased by 15 points and 14 points respectively to stand at 1,241 points and 1,251 points respectively. CPI-AL and CPI-RL were 1,226 and 1,237 points respectively in Septem

Rural wage growth trailing inflation, govt should continue support: Report

Rural wage growth is trailing inflation and the government needs to continue with policy support to help people in the mofussil areas, a credit information company said on Thursday. In a report, Crif High Mark observed that rural wages are unable to keep pace with rising inflation and sought continued interventions from the policy front on this. with rising rural inflation, decline in real rural wages and slowing rural demand, it is important for the government and policymakers to continue their support to the rural sector, it said. Rural inflation had remained above urban inflation in the first half of 2022, it said, adding that rural consumption declined and average rural unemployment decreased. The rural business confidence index, which takes inputs from macroeconomic indices, credit bureau data and the survey of companies operating in the rural areas, grew by nearly 10 points to 73.5 in 2022. The government has focused on providing relief and credit flow to small business and

Real rural wages expected to rise as inflation eases: Economic Survey

Survey says agriculture needs 'reorientation' in view of new challenges

Despite economic recovery, real rural wage growth remains flat in FY23

The growth in nominal terms has been steady but the sharp rise in inflation seems to have eaten into the increase

Are revival signs of rural economy for real or is it too early to call?

Many non-official parameters do indicate a rebound, but high inflation seems to hitting hard, eroding all gains

Despite huge outlay, Rs 15,000 cr MGNREGA dues may spill over to FY23

Expenditure on the MGNREGA scheme in FY22 is pegged at 1,13,311.23 cr, so even if the Centre uses all if the Rs 98,000 cr allocated to the scheme, a huge sum will remain uncleared.

Tepid rural wage growth poses stiff challenges for economic recovery

Real rural wages of general agriculture labourers (male) rose just 2.64 per cent in September, followed by 3.11 per cent in October, and again 2.64 per cent in November

Top headlines: Extended financial year recommended, surge in premium views

From Indian IT firms unlikely to layoff employees, ads in sports industry on the decline to rural wages set to take a hit, Business Standard brings you top headlines of the day

Rural wages in West Bengal set to take a hit as migrant workers return home

Many fear they will run out of money soon, as they are seen as a burden on the rural economy; most are ostracised due to social distancing

The rural wage crisis: Low food prices, MGNREGS ineffectiveness to blame

The difference between the period since 2014 and that between 2007 and 2013 in rural wage growth data is stark