-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant Job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...

-Livemint.com * There will be a tsunami of Job losses for employees who don’t have a regular salary, people without a written contract * A labour market crunch right now can easily turn into a nightmare. Besides the possibility of social unrest, expect more demands for more reservations in government On a Monday afternoon, a day before India announced a 21-day lockdown to flatten the curve of covid-19 infections, Sunil Gupta, chairman and...

-The Telegraph The large-scale unemployment the pandemic was set to cause would cost workers between $860 billion and $3.4 trillion in income losses Several workers’ organisations have demanded a special package to tide workers over the income slump entailed by coronavirus-induced social distancing and economic slowdown, at a time the International Labour Organisation has predicted a loss of 25 million jobs globally. An initial assessment by the ILO said the impact could be...

-The Hindu Business Line INBI has said that emergency basic income should be completely unconditional Close on the heels of the United States (US) and the United Kingdom (UK) announcing measures to protect incomes of vulnerable households through cash transfers and other fiscal measures, the Indian Network for Basic Income (INBI), an advocacy group working in the area of basic income transfers, has asked the Central Government to consider an emergency basic...

-The Hindu Business Line Farmers, reeling under crop losses, feel the Centre’s crop insurance scheme is merely helping insurance firms make profits. Radheshyam Jadhav reports After completing his graduation, Ramkisan Nirmal took up a challenge. Unlike other youths who prefer to migrate to nearby cities in search of jobs, Ramkisan dreamed of becoming a farmer and prove that with modern technology and efforts, agriculture could become a profitable venture. In his drought-prone village...