Key Points
The Centre may have to sharply increase the outlay for its flagship rural job guarantee scheme, with 58% of the budgeted Rs 60,000 crore for 2023-24 used up in the first quarter itself, an official indicated...
Almost steady work demand and up to 10.4% hike in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have kept expenditure under the programme elevated, the official told ET on condition of anonymity...
Person-day work generation in the crucial June quarter eased marginally to 1.11 billion from 1.14 billion a year before, but its impact was more than offset by the wage increase, he said...
Experts said even if the work demand falls by about 10% in this financial year on the back of improved economic activities in the coming quarters, actual expenditure could touch the last fiscal's level, given the wage rate hike..
This will mean a 50% jump over the budgeted outlay.. Finance minister Nirmala Sitharaman had earlier pledged more funds for the MGNREGS, a demand-driven programme, in this fiscal, if required...
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