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LATEST NEWS UPDATES | Call for Rs 50,000 crore kitty for workers

Call for Rs 50,000 crore kitty for workers

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published Published on Mar 21, 2020   modified Modified on Mar 23, 2020

-The Telegraph

The large-scale unemployment the pandemic was set to cause would cost workers between $860 billion and $3.4 trillion in income losses

Several workers’ organisations have demanded a special package to tide workers over the income slump entailed by coronavirus-induced social distancing and economic slowdown, at a time the International Labour Organisation has predicted a loss of 25 million jobs globally.

An initial assessment by the ILO said the impact could be lower if all nations came forward with a policy response as they had done to mitigate the effects of the recession of 2008-09 when global unemployment figures rose by 22 million.

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The Telegraph, 21 March, 2020, https://www.telegraphindia.com/india/call-for-rs-50-000cr-kitty-for-workers/cid/1756342


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