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Demand for work under MGNREGS eased in November after a five-month surge, indicating a slowdown in unskilled labor demand possibly due to increased industrial activity. This dip might alleviate pressure on additional budget allocation after exhausting the FY24 ₹60,000 crore outlay. November saw a 6.6% drop in individuals (20.98 million) and a 4.5% decline in households (17.7 million) seeking work compared to last year. Sequentially, both individuals and households seeking work decreased by 4.2% and 3.6%, respectively, from October levels. ....
About 93% of the FY24 budgetary allocation of ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been released, a person familiar with the details told ET. This has prompted the rural development ministry to seek "substantial" supplementary demands for funds to run the scheme throughout this fiscal year, he said. ....
Fed in part. he also said past build back better , get more spending out there. it s absolutely crazy. here we have inflation being stoked as dan and mary just said by excess demand which has largely come from fed liquidity but also the money congress has pumped into households via the covid bill early this year. the answer is not more spending like this. especially because the goal of that entire bill is to create a bunch of new entitlement, hand out free money which is only going to allow people to increase their demand even further. for u.s. production system which by the way should point out, we are not moving more the report were pre-pandemic. they have largely recovered work demand is messing with supply chain that s no longer a pandemic issue. were the big issues going for this year is how fast and how much will the fed raised interest rates? if it does with that slow the ....