-Scroll.in The Working People’s Charter told the Centre that the economic risks the COVID-19 poses to workers employed in the informal sector cannot be overlooked. The Working People’s Charter, a labour rights group, on Friday urged the Centre to create an emergency fund of Rs 50,000 crore to provide social and economic support to workers in the informal sectors amid the escalating coronavirus pandemic. The organisation, which claims to represent trade unions...
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Union Budget 2020-21: An expert's guide to rural distress -Jitendra
-Down to Earth Nirmala Sitharaman's Budget has all the ingredients to deepen India’s farm crisis These are desperate times for India. Rural unemployment was at a 45-year-high while consumption expenditure of rural families fell 9 per cent between 2011-12 and 2017-18, according to a report by the National Sample Survey Office (NSSO), which the government never released but got leaked to the media in November 2019. Between 2011-12 and 2015-16, the income of farmers...
More »Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra
-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for Prime Minister Narendra Modi. Not just because India is going through an economic slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with prime ministerial...
More »Won't back fiscal tightening currently: Abhijit Banerjee -Ajeet Mahale
-The Hindu Nobel laureate Abhijit Banerjee says the deficit numbers are a bit imaginary, not a big deal if breached Mumbai: Nobel laureate Abhijit Banerjee has said that he would not back fiscal tightening in the current economic environment. Prof. Banerjee added that the real constraint to the state of education in the country in the current climate of economic slowdown was not lack of money, but the lack of attention paid to...
More »Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
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