-TheWire.in Protesting farmers believe that the MSP will as a legal right will solve a lot of farmers' issues, including Debt. While Prime Minister Narendra Modi was busy touting the Pradhan Mantri Garib Kalyan Anna Yojana, the Kisan Sansad (parallel parliament organised by farmers at Jantar Mantar) delved into a serious question – can the minimum support price (MSP) become a legal right? There were 200 new farmers’ representatives and six hours to...
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Amidst Rain, Kisan Sansad Takes on Contract Farming -Indra Shekhar Singh
-TheWire.in 'They made us buy seeds and fertilisers when the market prices crashed. Then, Pepsi said my produce didn’t meet their grade.' New Delhi: It rained all day as another session of the Kisan Sansad (farmers’ parliament) was in progress. Even a neem tree and a canopy couldn’t keep the Sansad venue from getting drenched. But this was no deterrent for those in attendance. The topic for the day was the Contract Farming...
More »Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso
-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...
More »'Pushing Urban Poor to Take Loans is Wrong, Govt Needs to Give Income Support Instead' -Karan Thapar
-TheWire.in Professor of Economics at the University of Massachusetts at Amherst, Jayati Ghosh, says over the last 16 months of the pandemic the government’s handling of the economic crisis has been cruel and incompetent. One of India’s well-known and highly regarded economists has said the government’s refusal to provide income support to the unemployed and poor and instead asking them to take government guaranteed loans which the Chief Economic Advisor has said...
More »Here's What We Know About COVID's Impact on India's Workers – and What We Can Do About it -Rosa Abraham and Amit Basole
-TheWire.in The pandemic disproportionately impacted women and young workers. A school bus driver is struggling to make ends meet driving a tempo for hire, purchased with an informal loan; a five-star chef is volunteering for an NGO preparing cooked meals for distribution in the slums of Bangalore; and an MCA degree-holder is working as a door-to-door water purifier technician. These and many more such anecdotes give us a glimpse into the disruption...
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