financetom
Economy
financetom
/
Economy
/
Govt raises MNREGS wage, highest in 5 years, releases more funds to mitigate rural hardships
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Govt raises MNREGS wage, highest in 5 years, releases more funds to mitigate rural hardships
Mar 31, 2020 2:23 PM

The government has increased wage for the workers under Mahatma Gandhi Rural Employment Guarantee Scheme (MNREGS) effective from April 1, 2020. The rural development ministry as every year since 2005 has revised the wage for workers under MNREGS, but starting April 1, 2020, hike for the workers will be highest in the 5 years, as the average national wage is increased by Rs 20.

Share Market Live

NSE

It has also expedited the payment timeline for wage and pension payments to the states to help mitigate the hardships of rural India during the nationwide lockdown.

Wage rates under MNREGS are revised every year based on Consumer Price Index (CPI)- Agricultural Labourers by the central government.

A report recommended by a government-led committee has suggested linking MNREGS wage to CPI-rural as an appropriate index. The recommendation of the report is pending with the finance ministry.

Rural development minister Narendra Singh Tomar has written a letter to all the state chief secretaries urging them to take necessary steps to encourage individual beneficiary oriented works under the universal income scheme.

In the same letter, it has also highlighted that the central government is taking various steps to mitigate the hardships of the rural poor and aims to strengthen rural livelihoods.

The central government has also released Rs 4,431 crore to the states to pay arrears of wage and material and balance liabilities of FY20 by April 20. It has also promised to release FY21 funds for the scheme to meet the wage requirements of the first quarter.

For other schemes, the ministry has assured that by the first week of April it will release the first instalment for the beneficiaries. MoRD has also urged states to consider the release of its share of pension for 3 months of FY21 in April itself.

Tomar, also Minister for Panchayati Raj, in his letter to the states has sought active involvement of representatives of Panchayati raj institutions in sensitising people in the rural areas about the coronavirus led lockdown.

He urged to make rural inhabitants learn about social distancing, request hand washing and ways to dispel rumours and incorrect information along with vigil on quarantine and health condition of migrants.

The government has allocated Rs 61,500 crore for MNREGS and Rs 9196.92 crore for NSAP schemes for FY21.

First Published:Mar 31, 2020 11:23 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
May 26, 2025
ISLAMABAD (Reuters) -Pakistan plans to offer concessions to U.S. companies to invest in its mining sector as part of negotiations with Washington over tariffs, its commerce minister told Reuters, as Islamabad seeks to capitalize on the Trump administration's interest in boosting trade with South Asia. Pakistan faces a potential 29% tariff on exports to the United States due to a...
US Dollar Falls Early Friday Ahead of Holiday Weekend
US Dollar Falls Early Friday Ahead of Holiday Weekend
May 26, 2025
07:44 AM EDT, 05/23/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday before the beginning of the long US Memorial Day holiday weekend. Kansas City Federal Reserve President Jeffrey Schmid is due to speak at 9:35 am ET, followed by new home sales data for April at 10:00 am ET and the Kansas City...
Paul Krugman Warns Of 'Emerging-Market-Type' Crisis In US: Housing Crash, Dollar Plunge, And Stagflation Ahead?
Paul Krugman Warns Of 'Emerging-Market-Type' Crisis In US: Housing Crash, Dollar Plunge, And Stagflation Ahead?
May 26, 2025
Economist and Nobel laureate Paul Krugman is sounding the alarm yet again for the U.S. economy, likening its current vulnerabilities to those typically seen in emerging markets. What Happened: In his Substack newsletter on Thursday, Krugman published an article titled “Gaming Out A Sudden Stop,” in which he raised concerns regarding an “emerging-market-type crisis” for the United States. A scenario...
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
Pakistan to offer US firms concessions on mining investment in tariff talks, says minister
May 26, 2025
* Pakistan to offer mining concessions to US firms to offset tariffs * Budget to lower import tariffs in Pakistan By Ariba Shahid ISLAMABAD, May 23 (Reuters) - Pakistan plans to offer concessions to U.S. companies to invest in its mining sector as part of negotiations with Washington over tariffs, its commerce minister told Reuters, as Islamabad seeks to capitalize...
Copyright 2023-2026 - www.financetom.com All Rights Reserved