-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...
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Dr. Amit Basole, head of Azim Premji University’s Centre for Sustainable Employment, interviewed by Rohan Venkataramakrishnan (Scroll.in)
-Scroll.in The head of Azim Premji’s Centre for Sustainable Employment on the tremendous distress hiding beneath job market statistics in India. If you looked at just the bare employment figures for India over 2020, you might think that most people recovered from the shock of the national lockdown and the economic crisis that followed. Yet though there was indeed a recovery before the brutal second wave hit, the headline numbers paper over...
More »30% of ration card holders yet to get PMGKAY benefit for May -Priscilla Jebaraj
-The Hindu Centre urges States to issue more ration cards to vulnerable. Almost a third of all ration card holders are yet to get their free foodgrains allocation for May under the Centre’s COVID-19 relief scheme, according to the Food Ministry. At a press conference on Thursday, Food Secretary Sudhanshu Pandey also said it was up to the States to take further action on providing rations to migrants and others without ration...
More »COVID-19: Report Reveals Severity of Food Crisis Faced by India's Poor in 2020 -Shinzani Jain
-Newsclick.in Report by prominent economist Jean Dreze and Anmol Somanchi highlights the severe Economic distress and food crisis suffered by a vast majority of Indian poor following the 2020 lockdown. It demands a stronger wave of relief measures to avoid a repeat of the crisis. On May 31, 2021, prominent economist Jean Drèze and Anmol Somanchi published a detailed report analysing the impact of the COVID-19 crisis on food security, employment, income,...
More »Covid-19 and the disease of inequality -Yamini Aiyar
-Hindustan Times The second wave will deepen inequality. Expand support to states, universalise PDS, and ramp up MGNREGS now Abandoned by the State that insisted on locking down, refusing to recognise the damage done to their livelihoods, India’s workers asserted their rights and made themselves heard by walking home in March 2020. The long march home was emblematic of the suffering and hardship unleashed by the first wave. A year later, it is...
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