-Hindustan Times Those sympathetic to the establishment argue that had it not been for the second wave, the economy would have been in a much better shape. Those who disagree claim that even the sequential recovery which was achieved was profit-led and inequality-generating in nature On June 28, finance minister Nirmala Sitharaman announced an economic package to deal with the adverse effects of the second wave of the pandemic. The contours of...
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Vulnerable and in the discomfort zone -Preeti Mehra
-The Hindu Business Line The pandemic toll on the mental health of children, including instances of PTSD, has received too little attention “I love my father, but why does he behave like this?” asks a 13-year-old from a slum in Delhi who was sexually abused during the first lockdown. She and her mother were also beaten up often. The mother, a daily wager, was compelled to take the traumatised child with her...
More »How Covid-19 hurt household savings in India -Shoaib Daniyal
-Scroll.in A drop in household savings has caused concern about economic recovery in the country. On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-’21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused. The numbers are disappointing with a sharp dip in the...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Activists hold press conference to emphasize the rights of the Khori villagers who are facing eviction
-Press release by Bandhua Mukti Morcha dated 18th June, 2021 New Delhi, 18 June,2021: The 50 year old secular Khori village, near Surajkund tourist spot (Faridabad, Harayana), inhabited by various sections is on the verge of being uprooted because of the Supreme Court order. Despite the existence of various farmhouses and high rise hotel buildings, the government and the administration is only eyeing these 10,000 houses which house more than 1...
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