-The Telegraph The latest unemployment rate is similar to the post-lockdown figure of 8.35 per cent recorded by the research firm around this time last year Nearly 19 lakh people lost jobs in August with the manufacturing sector the worst affected, according to the latest employment data released by a private research firm. The Centre for Monitoring Indian economy (CMIE) figures show that the unemployment rate had climbed to 8.32 per cent in...
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Retail edible oil prices to start softening from Dec: Food Secretary Sudhanshu Pandey
-PTI/ BusinessToday.in Retail prices of edible oils in India, which imports 60 per cent of its requirement, have shot up to 64 per cent in the past just one year, in line with the global developments Retail edible oil prices in the country will start softening from December with arrival of new crops and a possible decline in global rates, Food Secretary Sudhanshu Pandey said on Friday. Retail prices of edible oils...
More »1.5 million people lost jobs in August as unemployment rises -Prashant K Nanda
-Hindustan Times According to the Centre for Monitoring Indian economy, the number of the employed fell from 399.38 million in July to 397.78 million in August, with nearly 1.3 million job losses in rural India alone. Over 1.5 million people from both the formal and informal sectors lost their jobs in August, reversing some of the gains made in July, as the unemployment rate rose in rural and urban India. According to the...
More »NREGA is crucial to rural India in 2021 -Avani Kapur, Harish Damodaran and Yamini Aiyar
-IDROnline.org While it claims to be a demand-based scheme with an elastic budget, NREGA’s failure to support the rural economy in 2021 indicates otherwise. A comparison of Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) demand and supply of work between the first quarter of financial year (FY) 2020, when the national lockdown was in place and the first quarter of FY 2021 when the second wave was at its peak offers...
More »Even with 20.1% GDP growth, the economy has been set back by three years -Vivek Kaul
-Livemint.com This is the highest GDP growth that India has seen since the country started reporting quarterly GDP data for the quarter ended June 1996 The gross domestic product (GDP) growth for the period April to June 2021 came in at a record 20.1%. GDP is the measure of the economic size of a country during a particular period. This is the highest growth that India has seen since the country started reporting...
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