Rural Wage Crisis

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

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

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

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

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.

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

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

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