-The Indian Express In a presentation made to Chief Minister Uddhav Thackeray and senior ministers in a meeting on Monday, the state finance department claimed that the unemployment rate had climbed from 3.9 per cent in July to 6.2 per cent in August. Mumbai: A spike in Maharashtra’s unemployment rate in August is threatening the revival of the Covid-hit economy, a government report has said. In a presentation made to Chief Minister Uddhav...
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In Times Of Job Loss And Insecurity, Malegaon Emerges A Successful Outlier -Parth MN
-IndiaSpend.com Malegaon: Mushtaq Shaikh has done something consistently over the past three months that not many in India have been able to: He has been going to work. A worker at a power loom in Malegaon--250 km northeast of Mumbai--Shaikh, 44, is gradually getting back on his feet. “Our employers looked after us for the first three or four months [of the pandemic],” he told IndiaSpend on a recent September day, standing...
More »Contain contagion, spend smartly says Joseph Stiglitz
-The Telegraph The Nobel laureate economist described 'India as a poster child of what not to do' Nobel laureate economist Joseph Stiglitz made a strong case for spending money to combat the long-term economic damage of the pandemic, saying that India would be well advised to focus on containing the contagion as the economic aftermath cannot be tackled without tackling the pandemic. Bracketing India with Brazil and the United States for its “utter...
More »Farm Acts – unwanted constitutional adventurism -R Ramakumar
-The Hindu There is a case to argue that the three Acts have poor legal validity, may be unconstitutional and weaken federalism The passage of the three Farm Acts by Parliament has led to a constitutional debate. These Acts are: the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020, and the Essential Commodities (Amendment) Act, 2020....
More »Explained: Why it’s an underestimate to say only 6% farmers benefit from MSP -Harish Damodaran
-The Indian Express The actual number could be anywhere between 15 per cent and 25 per cent. “Only 6% of Indian farmers benefit from minimum support prices (MSP)”. So widely-quoted is this figure — especially in the context of the recently-passed Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act — that it has become a factoid or even truism. What is, isn’t counted The apparent source of the 6% figure is the Shanta...
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