-The Indian Express The Covid lockdown has set off sweeping economic distress in cities but its crucial dimension has remained untold: the silent, devastating toll on the working woman in the city suddenly out of work *A month into the lockdown after she lost her job at an energy policy institute that paid Rs 24,000 a month, 29-year-old Reshma, a post-graduate in social work, sent her four-year-old daughter to live with her...
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Odisha Migrant Workers Return To Gruelling Shifts, Poor Wages -Sunaina Kumar
-IndiaSpend.com New Delhi: In mid-October, machinist Bipin Ramesh Sahu, 38, was flown back to Surat from his southern Odisha village by his former employer, a textile mill owner. Sahu, among the 6.7 million migrant workers to lose their jobs and return home during the lockdown in India, assumed that his employer’s eagerness to re-employ him meant better living and working conditions in Surat--more humane shifts, safety gear, wage cheques instead of...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik
-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most...
More »Dhanbad cracks down: FIRs filed against 105, report says should probe phone records -Abhishek Angad
-The Indian Express The report, prepared by a probe team led by the Additional District Magistrate (Law and Order), calls for further investigation of Call Detail Records (CDRs) of key suspects and their connections. Ranchi: Moving in to probe the scholarship scam, the district administration of Dhanbad in Jharkhand has filed FIRs against 105 people, including middlemen and local officials, based on the findings of an investigation by The Indian Express into...
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