-Scroll.in The head of Azim Premji’s Centre for Sustainable Employment on the tremendous distress hiding beneath job market statistics in India. If you looked at just the bare employment figures for India over 2020, you might think that most people recovered from the shock of the national lockdown and the economic crisis that followed. Yet though there was indeed a recovery before the brutal second wave hit, the headline numbers paper over...
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How Second Wave Is Decimating Rural Economy -Rohit Inani
-IndiaSpend.com The government has said that the economic impact from the second Covid-19 wave will be less than that of the first. But economists point to signs of a growing rural economic crisis, and call for urgent relief measures to ward off long-term damage. Siolim, Goa: Ramesh Ram, 31, is listed as a textile industry staff worker in the administration's database of migrant workers in south west Bihar's Kaimur district. But for...
More »No Savings, Scanty Jobs: Why Second Wave Has Been Harder For Migrant Workers -Shreehari Paliath
-IndiaSpend.com Migrant workers in different states have been struggling to find work, wages and rations, say activists and researchers. The Public Distribution System must be universalised, they say, and free rations must be provided for at least six more months. Bengaluru: Sudhir Paswan, 29, is back to square one--in his village in Bihar's Muzaffarpur district, counting his losses. It has been more than a week since he returned, after failing to secure...
More »'People of Sunderbans Didn't Die in Cyclone Yaas, They Might Die of Poverty' -Himadri Ghosh
-TheWire.in While hundreds of houses are still under water, the storms triggered by the cyclone have inundated ponds and farmlands with saline water, possibly making the land uncultivable for years. Sunderbans: Cyclones are now routine in the Sunderbans. After Amphan caused widespread damage last year, Yaas has led to more damage. “People didn’t die this time in the cyclone, but they might die of poverty. We lost all our means of livelihood. How...
More »The Proposal for a Minimum Global Corporate Tax Rate -Prabhat Patnaik
-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...
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