-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...
More »SEARCH RESULT
Total Matching Records found : 12971
G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »COVID-19 in UP: No Food, No Money, No MGNREGA Work, Second Wave Forcing Migrant Workers to Die by Suicide -Abdul Alim Jafri
-Newsclick.in According to union leaders, due to the panchayat polls from April to May in Uttar Pradesh, there was a halt in MGNREGS work, and the demand for labourers further slumped due to the complete lockdown that followed soon after. Lucknow: Brindaban Banjara (40), a security in-charge at Paragon footwear in Nangloi area of Delhi used to earn Rs 22,000 per month before the pandemic hit. But, within a span of three...
More »Jobs Carnage – 2.5 crore Jobs Lost Since January - Subodh Varma
-Newsclick.in Construction, manufacturing, hospitality sectors most affected. Over 1.7 crore daily wage workers lose jobs. Over 2.5 crore existing jobs have been lost between January and May 2021. The bulk of these losses – about 2.2 crore – have occurred in April and May, the period in which India was engulfed in a brutal second wave of COVID-19, leading to state-level lockdowns of varying degrees. These chilling figures emerge from the latest...
More »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 »
