-Hindustan Times Those sympathetic to the establishment argue that had it not been for the second wave, the economy would have been in a much better shape. Those who disagree claim that even the sequential recovery which was achieved was profit-led and inequality-generating in nature On June 28, finance minister Nirmala Sitharaman announced an economic package to deal with the adverse effects of the second wave of the pandemic. The contours of...

-Scroll.in A drop in household savings has caused concern about economic recovery in the country. On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-’21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused. The numbers are disappointing with a sharp dip in the...

-Newsclick.in Rice meant for the poor will be sold at subsidised rates to privately-owned ethanol distilleries. The industries will be given cheap Loans and exempted from Environmental Clearances. Is the Modi government subsidising the rich at the cost of the poor by diverting foodgrains meant for the most impoverished sections of the population to private industries for producing alcohol for India’s ethanol blended petrol programme? There’s more: For manufacturing ethanol, foodgrains will not...

-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap Loans. India was no exception to...

-The Telegraph Survey done in June among 104 affected families finds several forced to stay under tree sheds in rainy season after houses were completely damaged Jamshedpur: A survey by Khadya Suraksha Jan Adhikar Manch in Jharkhand’s West Singhbhum district has painted a grim picture of tribals battling starvation after being battered by Cyclone Yaas on May 27. The survey done in June among 104 affected families in nine blocks (out of a...