-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...

-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...

-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...

-The Hindu The guidelines laid down by the Supreme Court are welcome, but they require robust systems. The Supreme Court on June 29 pronounced its judgment in the migrant labourers case. The case was initiated last year after the national lockdown was announced on March 24. Thousands of landless labourers had started walking towards their home States due to the loss of employment and income. The Supreme Court took cognisance of the...

The recent Supreme Court of India’s judgments (please click here and here) related to ensuring food security of the migrant and unorganised sector workers through the provision of dry ration, running of community kitchens and proper implementation of the 'One Nation One Ration Card' scheme should come as no surprise to us. A recent review of some of the robust studies, which relied on multi-state surveys (or reference surveys), having...