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Time for big spending

UPDATED: January 17, 2021 17:29 IST In the hot seat: Finance Minister Nirmala Sitharaman at a press conference in November 2020 (Photo: Getty Images) When Finance Minister Nirmala Sitharaman presents Budget 2021 on February 1, the circumstances that she will do so in will be, without doubt, exceptional. The Covid-19 lockdown last year was an economic earthquake of sorts, comparable to the global financial crisis sparked off by the collapse of Lehman Brothers in September 2008. D.K. Joshi, chief economist at Crisil, says, No other budget compares as closely to the upcoming one as the one that followed the Lehman Brothers crisis. Thanks to the fiscal stimuli rolled out in 2008-09, India emerged rather unscathed from that crisis, though the splurge seeded other problems, including a spate of corporate bankruptcies and mounting bad loans in the following years.

UDF to come up with people s manifesto for Kerala Assembly polls, says Chennithala

UDF to come up with people s manifesto for Kerala Assembly polls, says Chennithala Chennithala also informed that party MP Shashi Tharoor will have a crucial role in bringing various pertinent issues into the UDF’s election manifesto Share Via Email   |  A+A A- By Express News Service THIRUVANANTHAPURAM: With less than two months remaining for the Election Commission to come out with the notification for the Kerala Assembly polls, the Opposition has decided to come up with a people s manifesto under the slogan clean and good governance . This was announced by Opposition leader Ramesh Chennithala during a press conference at Cantonment House here on Wednesday. He sought the views of the public on issues that need to be brought into the election manifesto.

Mahatma Gandhi National Rural Employment Guarantee Act progress dismal in Assam

Mahatma Gandhi National Rural Employment Guarantee Act progress dismal in Assam Under the Central government s MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) scheme, only STAFF REPORTER GUWAHATI: Under the Central government s MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) scheme, only 21,543 households got 100-day job opportunities across Assam till date. With just three months left for the present fiscal (April 1 2020-March 31, 2021) to be completed, the progress of this scheme in the State is indeed quite poor. The MGNREGA is a labour law and social-security measure that aims to guarantee the right to work . The Parliament passed this Act in September 2005. It aims to enhance livelihood security in the rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work. The scheme in Assam is implemented by the Panchayat & Rural Development D

Digital Potholes Lead To Exclusion In MNREGA payments

January 7, 2021 Rejected payments continue to hamper the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) program due to authentication failures or bank/payment system problems, a report by LibTech India said. In the last five years, at least ₹5,000 crore payments to MNREGA beneficiaries were rejected due to fundamental issues in how the government has implemented digital payments and Aadhaar authentication for the scheme, it said. The survey covering 1947 respondents across four blocks in three states, Andhra Pradesh, Rajasthan and Jharkhand, found that issues with Aadhaar seeding has lead to the exclusion of many MNREGA from accessing their wage . The report found that 30% of all the surveyed people experienced at least 3 biometric failures in the last 5 transactions they made to withdraw their MNREGA wages whether through banks, ATMs, Banking Correspondents (BCs) or Customer Service Points (CSPs).

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