MGNREGS wages hiked Rs 20 by government over corona crisis
In the wake of the coronavirus outbreak in the country, the Department of Rural Development in collaboration with the state governments has increased the MGNREGS wages by Rs 20.
In the wake of the coronavirus outbreak in the country, the Department of Rural Development in collaboration with the state governments has increased the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wages by Rs 20.
"The Mahatma Gandhi NREGS wages have been revised by the Department of Rural Development, Government of India, with effect from April 1, 2020. The average national increase is Rs 20," the Ministry of Rural Development said.
The focus of Mahatma Gandhi NREGS may be on individual beneficiary-oriented works which directly benefit SCs, STs and women-headed households as well as small and marginal farmers and other poor households.
However, close consultation and guidance of the states, as well as district authorities, would be necessary to ensure that lockdown conditions are not violated and norms of social distancing are scrupulously followed.
The ministry has decided to liquidate the wage and material arrears.
"An amount of Rs 4,431 crore has been released this week to various states and Union Territories to liquidate these liabilities of the current fiscal year," the ministry said.
It also said that the remaining liabilities along with the first tranche for 2020-21 will be released before April 15, 2020.
"An amount of Rs 721 crore has been released to the state government of Andhra Pradesh," it stated.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
05:32 PM IST