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Multiplier accelerator synergy in NREGA

ents in an employment guarantee programme must be in productive, eco-friendly assets. This would ensure that the resultant growth dynamic is both sustainable (by regenerating the environment) and non-Inflationary (by easing the agrarian constraint). Not only does demand need stimulation, growth has to be sustainable in both economic and ecological terms, especially in these times of climate change. So what we require is not just a stimulus a la Keynes

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Union Budget

espite the contraction of global exports by 4.4 percent compared to 7.7 percent growth in world exports during the last three years of the previous UPA Government. • The Consumer Price Index Inflation was at 9.4 percent during the last three years of the previous UPA Government. Under the present NDA Government, CPI Inflation has come down to 5.4 percent, providing big relief to the public. This wa

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Key Facts

rom 3.2 kg in 1960-61 to 17.7 kg in 2015-16.   Price Situation   According to the Economic Survey 2017-18, Volume-2 (please click here to access): • Headline Inflation measured by the Consumer Price Index (CPI) has remained under control for the fourth successive year. Financial year (FY) 2017-18 began with an annual Inflation rate of 3.0 per cent. In the 

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Right to Food

s. However, there are divergent views on direct cash transfer too.  Some experts such as the economist and member of NAC, Prof Jean Dreze contend that food entitlement is better because it is Inflation proof and it gets consumed more wisely than cash which can be easily misspent.  Others are of the view that cash transfer has the potential for providing economic and food security to the poor.   [inside]The Back Story to the Nat

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Impact on Agriculture

ately commence relief operations while operationalising contingency plans for crops, drinking water, water and human and animal health. He warned that shortfall in kharif sowing was bound to increase Inflationary pressure on prices and states needed, in tandem with the Centre, to keep a sharp eye on availability of foodgrains and essential commodities. Singh's reference to rising prices of pulses, sugar and some vegetables points to a concern that apa

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PDS/ Ration/ Food Security

.2 million tonnes, offtake of foodgrains (rice and wheat) from the PDS decreased from 59.8 million tonnes to 55.9 million tonnes. Despite increased availability in the PDS and prevalence of high Inflation in foodgrains, dependence on the PDS is reducing, suggesting that there may be issues of availability, timely availability and quality of the PDS foodgrains $*   • The PDS share in rice consumption in 2011-12 was about 27.9 pe

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Hunger Overview

e output loss due to non-communicable diseases, for which overweight and obesity are key risk factors, of US$47 trillion over the next two decades; on an annual basis and assuming a 5 percent rate of Inflation, this is equivalent to about US$1.4 trillion in 2010 (Bloom et al., 2011). •    Research showed that investing US$1.2 billion annually in micronutrient supplements, food fortification and biofortification of staple crops f

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Right to Work (MG-NREGA)

he current MGNREGA wage rate, whichever is higher   • The Consumer Price Index for Rural India (viz. CPI-Rural) may be considered as the appropriate index for protecting the wages against Inflation and as such the CPI-Rural be adopted for revising wage rates every year under the Mahatma Gandhi National Rural Employment Act. • A major drawback in using the Consumer Price Index for Agricultural Labourers (viz. CPI-AL) and the Consume

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Utsa Patnaik, Professor of Economics, speaks to the Hindu

would be able to maintain our food security. This policy direction has mainly involved reducing the food subsidy and running down the public distribution system [PDS]. The roots of the present Inflation do not lie in the global Inflation as is being claimed by the Deputy Chairperson of the Planning Commission. I don’t agree with that view as what we are witnessing in India is not a short-term p

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Unemployment

nt for youth and the higher educated. • Despite rising wages, they continue to be well below the Seventh Central Pay Commission’s recommended minimum level. • When adjusted for Inflation, wage rates have increased in most sectors at 3 percent per annum or more. • Between 2010 and 2015, wages when adjusted for Inflation, grew at 2 percent per annum for organised manufacturing,

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