-Livemint.com * Disaggregated data contradicts the rosy picture that national accounts paint of our performance * It’s premature to conclude that a recovery is underway, as our GDP rise in 2020-21’s third quarter was on a very low base. Also, other data sets reveal that distress remains widespread. Estimates of growth in the third quarter of 2020-21 along with advance estimates of the full year were released last month by India’s statistics ministry....
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Declining Wages, No Government Aid: Daily Wage Workers Are Stuck in a Deep Crisis -Deepanshu Mohan, Jignesh Mistry, Advaita Singh, Snehal Sreedhar, Sunanda Mishra, Shivani Agarwal, Vanshika Mittal and Ada Nagar
-TheWire.in A survey of mazdoor mandis in Surat, Lucknow and Pune shows that even many months after the lockdown ended, workers are struggling to make ends meet. “Since the time of COVID-19 lockdown, there has been a severe crisis of employment opportunities in local labour markets. Getting work for even two days a week is difficult for us. Daily wages too, for any work possible, have dipped by half,” says Rajesh Singh,...
More »More fatalities likely among poor victims of road crashes: World Bank report -Jagriti Chandra
-The Hindu Study highlights the socio-economic impact of accidents There are more fatalities from road crashes among poor families rather than the rich shows a new World Bank study that highlights the socio-economic impact of road accidents — from access to post-accident medical care to coping with the financial distress caused by a mishap. In the study, low income households reported twice the numbers of deaths post-crash vis-à-vis high income households. The risk...
More »The ailing economy needs much more than what Budget 2021 offers -Himanshu
-The Indian Express While the government has failed to deliver what was promised through the main budget and subsequent mini-budgets, estimates for next year also point to missed opportunities to use fiscal measures to revive the ailing economy. Expectations from Budget 2021 were high. Unsurprisingly so, for an economy battered by two years of slowdown, with a pre-pandemic annual growth rate of 4 per cent being a decadal low and the subsequent...
More »Despite some hits, the Budget has crucial misses -R Nagaraj
-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...
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