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Covid deepened inequalities: wealth, education, gender -Udit Misra

-The Indian Express An Oxfam report, titled ‘The Inequality Virus’, has found that as the pandemic stalled the economy, forcing millions of poor Indians out of jobs, the richest billionaires in India increased their wealth by 35 per cent. A new report by Oxfam has found that the Covid pandemic deeply exacerbated existing inequalities in India and around the world. The report, titled ‘The Inequality Virus’, has found that as the pandemic stalled...

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India slips to bottom of EM rungs for the second time in six months -Tauseef Shahidi

-Livemint.com * India’s economic activity still appears weak compared to peers, shows the November edition of Mint’s Emerging Markets Tracker India slipped to the bottom of the heap among key emerging markets in November despite reporting better-than-expected GDP figures for the September quarter, the latest update to Mint’s emerging markets tracker shows. The Ranking, the worst since June, indicates that India is finding it harder to regain lost ground compared to emerging market...

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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India slips two spot to rank 131 in UN’s human development index

-The Indian Express Human Development Index is the measure of a nation's health, education, and standards of living. India's HDI value for 2019 is 0.645 placing the country in the medium human development category. India slipped two spots to rank 131 among 189 countries in the 2020 human development index, a report released by the United Nations Development Programme (UNDP) said. Human Development Index is the measure of a nation’s health, education,...

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A mirage sold as a panacea for the unorganised sector -Mohan Mani and Babu Mathew

-The Hindu The labour codes will only better India’s ‘ease of doing business’ Ranking instead of improving conditions of employment In an interview with The Hindu in October this year, the Union Labour Minister claimed that the four labour codes would generate employment and secure the basic rights of the workers. He also claimed that the labour codes seek to universalise the right to minimum wage of workers and social security entitlements....

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