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LATEST NEWS UPDATES | India’s workforce demands fiscal support following the second wave of Covid-19! -Vallari Sanzgiri

India’s workforce demands fiscal support following the second wave of Covid-19! -Vallari Sanzgiri

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published Published on Jun 19, 2021   modified Modified on Jun 24, 2021

-SabrangIndia.in

On-ground voices and detailed reports highlight the need for cash transfers to keep vulnerable groups afloat in face of a growing unemployment

Many experts and reports analysing the socio-economic impact of Covid-19 have demanded fiscal support for India’s vulnerable and below poverty line (BPL) population amidst the Covid-19 crisis.

On June 17, 2021, this notion was reaffirmed when Confederation of Indian Industry (CII) President T. V. Narendran said, “There is an estimated fiscal headroom of up to Rs. 3 lakh crore that can be channelised towards direct cash transfers to vulnerable people, higher allocation for MNREGA, short-term GST rate cuts and lower excise duty on fuel.”

However, recent protests by India’s peasantry, ASHA workers and labourers indicate that these demands are still a distant dream, especially cash transfers.

An urgent need for cash transfers

In May, the Azim Premji University released the ‘State of Working India 2021’ report that recommended the union government carry out cash transfers of Rs. 5,000 (per month) for three months, in addition to food packages, to as many households using digital infrastructure, not limited to Jan Dhan accounts.

The same month, the Centre for Monitoring Indian Economy (CMIE) said that over 15 million jobs were lost. Employment fell from 390.8 million in April to 375.5 million in May. This means a loss of 15.3 million jobs, and the decline continues even in June.

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SabrangIndia.in, 19 June, 2021, https://sabrangindia.in/article/indias-workforce-demands-fiscal-support-following-second-wave-covid-19


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