Livelihoods News

Increasing productivity is a key component of the strategy formed by the ministry of agriculture and farmer’s welfare in order to double farmers’ income by 2022, Union agriculture minister Radha Mohan Singh wrote in a blog post on his personal website on Friday.

THE PANEL for revision of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has recommended in its final report that there is no need to ensure parity with minimum wages paid by various states. The report, prepared by a Ministry of Rural Development (MoRD) committee, was recently submitted to Union Minister Narendra Singh Tomar. It states that wages under the rural employment guarantee scheme were last aligned to minimum wages in 2009, and that “there is no compelling reason to align MGNREGA and states minimum wages again”.

NEW DELHI: The government's social security scheme Atal Pension Yojana (APY) has reached a subscriber base of 62 lakh in a time span of two years since its launch, an official statement said on Wednesday.

NEW DELHI: The rural development ministry is planning to seek an additional Rs 17,000 crore allocation after a spurt in demand for work under the National Rural Employment Guarantee Scheme (NREGS) because of deficient rainfall in many parts of the country.

Of the Rs 48,000 crore budget allocation, Rs 34,000 crore has already been utilised.

Results indicate that Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) had a significant impact on agricultural productivity, in part by supporting diversification, said World Bank expert Klaus Deininger.

NEW DELHI: Premier think-tank NITI Aayoghas pitched for completely removing agriculture commodities from the Essential Commodities Act, and a shift towards organised trading wherein lower number of traders with enough capital will dominate the market. This will reduce handling costs, bring economies of scale, reduce prices and increase returns for farmers.

Midway through the government’s ambitious Pradhan Mantri Awas Yojana (PMAY), which promises housing for all by 2022, the Urban Development Ministry has cut down the scheme’s target.

When the project was launched in June 2015, the government had promised to construct 1.87 crore houses. “The estimation of 1.87 crore houses was based on a 2012 survey. When we did a ground survey, which is still going on, we found that the demand is less. We now peg it at 1.2 crore,” Housing and Urban Affairs Secretary D.S. Mishra said.

A new fluorescent blue Rs 50 banknote in the Mahatma Gandhi series, slightly smaller and slimmer than the existing note will soon be introduced by the Reserve Bank of India.

All earlier notes will also continue to be legal tender. The dimensions of the new note will be 66mm x 135mm. While the height is the same as the new Rs 500 and Rs 2,000 banknotes which were issued after demonetization, the width is lesser than the Rs 500 banknote.

Stressing that the government alone cannot build a New India, Prime Minister Narendra Modi on Thursday prodded young entrepreneurs to devise systems and solutions that help in “improving governance”. Seeking participation of different sections of society in improving governance, he said that in earlier times, “the role of the government was very limited” and social initiatives catered to the requirements of people in fields such as education and healthcare. He also highlighted the measures taken by the government to uproot corruption.

Reserve Bank of India (RBI) on Wednesday said that farmers need to mandatorily link Aadhaar numbers to their accounts to avail subsidised farm loan.

In line with the government's policy, the RBI on Wednesday said farmers can avail of short-term crop loans of up to Rs 3 lakh at subsidised interest rate of 7% that could go down to 4% on prompt repayment.