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Indian Express
11 minutes ago
- Indian Express
NITI Aayog conducts ‘evaluation study' of MGNREGS amid proposal for 5.23 lakh crore outlay till 2029-30
The NITI Aayog is conducting an 'evaluation study' of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the Government informed Lok Sabha on Tuesday, even as the Ministry of Rural Development has circulated a proposal seeking approval for the scheme's continuation and an outlay for Rs 5.23 lakh crore till 2029-30, a period that coincides with the next Finance Commission (16th) cycle. The proposal seeks the approval of the Ministry of Finance's Expenditure Finance Committee (EFC). The 'evaluation study' by the Government's premier public policy think tank is crucial for getting EFC approval, said a source. The Ministry of Finance has told all ministries and departments that no centrally sponsored scheme or central sector scheme will be considered for continuation beyond March 31, 2026, without a third-party evaluation. Sources say the EFC approval and appraisal are part of a central exercise to evaluate and approve the Government's schemes for the next Finance Commission cycle. In a written reply to a question asked by Communist Party of India (Marxist-Leninist) Liberation member Sudama Prasad, Union Minister of State of Rural Development Kamlesh Paswan informed the House that the Development, Monitoring and Evaluation Office (DMEO), NITI Aayog, has recently taken up an 'evaluation study' of the MGNREGS. The last time the NITI Aayog had conducted an 'evaluation study' of the MGNREGS was in 2019-20. It had also evaluated five other schemes. 'The study focused on the effectiveness, efficiency, impact, and sustainability of these schemes, including the Mahatma Gandhi NREGS, to gauge their overall contribution to the national rural economy,' Paswan said. Paswan also shared details of internal audits and review of the MGNREGS conducted in recent years. 'The Internal Audit Wing (IAW) under the Office of the Chief Controller of Accounts (CCA) has been conducting Risk-Based Internal Audits of MGNREGS implementation in states since FY 2013-14…Risk Based Internal Audits of Mahatma Gandhi NREGS have been conducted in 225 districts of 30 states/UTs since 2013-14,' the Union minister stated. 'Further, Amarjeet Sinha Committee was constituted in 2021 to examine various factors affecting demand for wage employment in the rural sector in different parts of country and to study/analyze the trends of expenditure across States under Mahatma Gandhi NREGS along with reasons for inter-state variations with specific focus on governance issues. The report of the Committee has since been received and some of the recommendations have been identified for appropriate action,' he further said. 'In addition to this, Development, Monitoring and Evaluation Office (DMEO), NITI Aayog also has recently taken up an Evaluation Study of Mahatma Gandhi NREGS,' Paswan added. The MGNREGS is backed by law and therefore the EFC approval is just a formality. The MGNREGS was launched in 200 most backward rural districts of the country in 2006-07, was extended to an additional 130 districts during 2007-08, and to the entire country from the financial year 2008-09. The scheme saw a spike in demand for work during 2020-21, when a record 7.55-crore rural families availed of the scheme in the wake of Covid outbreak. The scheme became a safety net for migrants who returned to their villages during the Covid lockdown in 2020. However, since then the number of families that worked under the MGNREGS has gradually come down—7.25 crore in 2021-22, 6.18 crore in 2022-23, 5.99 crore in 2023-24, and 5.79 crore in 2024-25. The scheme has been suspended in West Bengal since March 2022. Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister's Office and pivotal central ministries, such as the Ministry of Agriculture & Farmers' Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More
Business Standard
15 minutes ago
- Business Standard
Berger Paints India consolidated net profit declines 11.01% in the June 2025 quarter
Sales rise 3.55% to Rs 3200.76 crore Net profit of Berger Paints India declined 11.01% to Rs 314.63 crore in the quarter ended June 2025 as against Rs 353.56 crore during the previous quarter ended June 2024. Sales rose 3.55% to Rs 3200.76 crore in the quarter ended June 2025 as against Rs 3091.01 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 3200.763091.01 4 OPM % 16.5116.90 - PBDT 553.56553.19 0 PBT 459.58465.98 -1 NP 314.63353.56 -11
News18
20 minutes ago
- News18
Exide Industries Q1FY26 net profit rises 24pc to Rs 275 crore
Agency: Last Updated: Kolkata, Aug 5 (PTI) Exide Industries Ltd on Tuesday reported a 24 per cent year-on-year (YoY) rise in its consolidated net profit to Rs 275 crore for the first quarter of the 2025-26 fiscal (FY'26), aided by higher revenues and improved operating efficiencies. The company had posted a net profit of Rs 221 crore in the corresponding period last year. Consolidated revenue from operations rose 5.9 per cent YoY to Rs 4,695 crore in Q1FY'26 from Rs 4,436 crore in the year-ago period of the 2024-25 fiscal (FY'25), while total income stood at Rs 4,723 crore. The battery maker said its consolidated profit before tax rose to Rs 385 crore from Rs 316 crore in the year-ago period. EBITDA margin, on a standalone basis, improved to 12.2 per cent during the quarter, helped by better price realisation, favourable product mix, and gains from cost optimisation measures across manufacturing facilities, the company said. The quarter witnessed double-digit growth in the auto replacement, solar, and industrial UPS segments, though demand remained subdued in the auto OEM and exports verticals, Managing Director & CEO Avik Kumar Roy said in a statement. The company said its lithium-ion cell manufacturing subsidiary, Exide Energy Solutions Ltd (EESL), saw continued project progress, with Rs 300 crore invested in Q1FY'26 and an additional Rs 100 crore in July. The greenfield facility is expected to begin production by the end of FY'26. PTI BSM BDC (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 05, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
