MARKET STRUCTURE · INDIA

India's President Assents to Viksit Bharat-G Ram G Bill Replacing MGNREGA

The Hindu
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India's new rural employment law, VB-G Ram G Bill, replaces MGNREGA, increasing guaranteed workdays and emphasizing infrastructure and development outcomes.
India's President Assents to Viksit Bharat-G Ram G Bill Replacing MGNREGA
Why it matters
India's President has approved the Viksit Bharat-G Ram G Bill, replacing the Mahatma Gandhi National Rural Employment Guarantee Act. The new legislation mandates 125 guaranteed workdays, up from 100 under MGNREGA, and restructures the scheme to prioritize four areas: water security, core rural infrastructure, livelihood infrastructure, and extreme weather mitigation. The budget of ₹1,51,282 crore is aimed at comprehensive village development. Provisions for unemployment allowance and wage delay penalties have been strengthened. The financing model maintains central funding predominance with a 60:40 ratio between Centre and States for most schemes, adjusting the former MGNREGA ratio of 90:10 for wages and administrative costs.
Source

The Hindu

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World & Politics Development

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