PoorNoMore — ஏழைகளே இல்லாத உலகம்

The purpose of the proposal is to show the common man, policymakers, Government & other stakeholders that it is possible to achieve full employment and price stability through sustainable development of villages, in a country like India which is resource rich.  And we are providing a model & structure to do that.   Is  it  possible to have a workable structure to achieve this?   India occupies top 3 position in cultivation of many of the farm produces. To sustain and get the maximum benefit out of this, we need to streamline the entire process. This strength is not utilized to get maximum economic benefit to farmers, farm workers and villages. We  need an innovative structure to get the best possible outcome.  Farmers not getting adequate return is a perennial problem in India; produces like tomato thrown to landfill due to excessive supply is a regular occurrence, conveying lack of planning. Middle men and retailers reap the benefits at t...

The above proposal has evolved out of conversation with Warren Mosler & the  verbatim extract of the correspondence is given below:  Warren Mosler:  Thoughts on proposing to make the rural poor employment program universal and with a somewhat higher wage?   Rajendra Rasu:  The employment program for rural poor is called NREGA (National Rural Employment Guarantee Act) program.   WM: Ok    Raj:  We need to carefully look at the situation. Indian context is unique, compared to developed economies. It has an extremely high share of informal workers, 94%.   WM: Is the NREGA wage above informal sector wages?   Raj:  NREGA wage has been increasing every year, presently it is at Rs 200 ($3) pet day. It is lower than prescribed minimum wage which is Rs 300 per day. Informal wage varies hugely state to state, based on demand & supply. In Tamilnadu, it is very high Rs 600 per day for men, Rs 400 for...

MMT India presented a policy proposal during Oct. 2019 in which the possibility of sudden disruption to all economic activities was considered and proposed an economic model focused on ensuring availability of basic necessities to all at all times and having critical & strategic infrastructure in place to meet any eventuality. Covid19 is the worst crisis faced in the modern era, which caught all the countries, particularly the developed nations, completely unprepared & woefully short in their response to medical exigency of unseen proportion. No other crisis known to us has brought entire world to a total physical standstill, abruptly stopping all activities. It is not only a health crisis which doesn't have a known cure, it is spreading very fast & killing people, it could cause unimaginable economic disruption, shattering the livelihood of millions & millions and destroy most of the private sector if the impact is long-lasting. The crisis is unprecedented and...