ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Dynamic Multiplier Effects of Foreign Remittances

India continues to be the largest recipient of remittances across the world, with a tremendous growth in private unrequited transfers from just ₹12 billion in 1990–91 to about ₹1,009 billion in 2015–16. Emphasising this component of remittances that India has witnessed during the post-liberalisation period, the article investigates the demand-side macroeconomic effects of the flow of private transfers on key variables such as consumption, investment, imports, and income in India during the post-reform period of 1996–2014.

Realising Universal Maternity Entitlements

In India, most of the work women do is invisible and unrecognised because it is done outside the boundaries of the formal economy. As a result, the laws pertaining to maternity entitlements reach a very limited number of women. The National Food Security Act, 2013 was the first national-level legislation to recognise the right of all women to maternity entitlements and wage compensation. Since the passage of the act, India has been using an existing conditional cash transfer scheme, the Indira Gandhi Matritva Sahyog Yojana, to implement this entitlement. An examination of the implementation of defined maternity entitlements under the act via a conditional cash transfer, highlights the failure of such a programme to uphold the spirit of the act. Amendments to the act are necessary to ensure that the most vulnerable women are able to realise their right to maternity entitlements, wage compensation, health and nutrition.
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