-The Hindu Business Line The former PM added that the economic stimulus that NYAY will provide will further help in fiscal discipline India's nearly $3 trillion economy has the fiscal capacity to absorb the expenditure to fund NYAY, the minimum income support scheme promised by Congress Party, without the need for any new taxes on the middle class, former Prime Minister of India, Dr Manmohan Singh, said. NYAY scheme -- announced by Congress...
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50 lakh people lost job opportunities after demonetisation: study
-The Hindu The 'State of Working India' report, published by Azim Premji University, was released on Tuesday Since the November 8, 2016 demonetisation, at least five million people lost opportunities to work across the country, while the overall unemployment rate doubled between 2011 and 2018 to 6%, says a 'State of Working India' (SWI) report published by the Centre for Sustainable Employment (CSE) of the Azim Premji University (APU) that was released...
More »50 Lakh People Have Lost Their Jobs Since the Demonetisation Exercise, Says Report -Deepa Balakrishnan
-News18.com The report states that women are much worse affected than men because they have higher unemployment rates as well as lower labour force participation rates. Bengaluru: India’s unemployment reached its highest at 6 per cent in 2018, double of what it was in the decade between 2000 and 2010. According to a report by Azim Premji University's Centre for Sustainable Employment, 50 lakh people lost their jobs after Narendra Modi’s...
More »NYAY: No bridge between two Indias -R Ramakumar
-Frontline.in A closer look at the Congress party’s proposed income transfer scheme. “Two Indias are being created. One of the rich and the other of the poor… we are going to bridge these two Indias. And we are going to make sure that this one India that is formed has opportunity for all…. The idea is that you take the India of opportunity, you grow that India. Then you take some of...
More »Universal basic income not a panacea for poverty -Piyush Kamal
-The Pioneer In the absence of any sunset clause or distinct feature to identify the beneficiaries who succeed in climbing themselves out of poverty, the scheme of direct cash transfer as an income support welfare measure and as a potent tool of empowerment does not sound convincing even on paper Thanks to the proposal for the universal basic income, it has become a topic for discussion as one-fifth population of this country...
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