-The Telegraph Seasonal sowing, MGNREGA boost prospects The grim employment scenario in urban India got aggravated while the rural sector showed some improvement in the last week of May, with researchers attributing the uptick in the villages to seasonal sowing activities and increase in work under the MGNREGA while calling the overall condition critical. Data released by private research group Centre for Monitoring Indian Economy (CMIE) show that the unemployment rate for the...
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One in every four in rural India unemployed, urban joblessness at 1-month low -Prashant K Nanda
-Livemint.com * Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually * Economists believe despite the opening up of the economy, it will take time for unemployment situation to come back to the pre-covid time NEW DELHI: India’s rural unemployment rate climbed to 25.09% in the week ended 24 May from 22.79% in the previous week, while Urban unemployment rate declined by over four...
More »Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma
-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the Narendra Modi government announced two policy measures that could have a direct impact on job creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...
More »Urban joblessness up 22%, experts fear gains against poverty to be wiped out -Seema Chishti
-The Indian Express An estimated 50 million people are believed to have lost their jobs in just two weeks of the lockdown. The CMIE data showing rise in unemployment in urban areas by more than 22 per cent between March 22 and April 5 confirms that the lockdown prompted by coronavirus will wipe out the tremendous gains made by India in being the only country apart from China to lift millions out...
More »Covid-19: What can be done immediately to help vulnerable population -Reetika Khera
-IdeasforIndia.in With over 80% of India’s workforce employed in the informal sector and one-third working as casual labour, Covid-19's spread and subsequent unplanned lockdowns, have created economic havoc in the lives of millions. In this post, Reetika Khera puts forward suggestions on what can be done to help people immediately, ranging from cash and in-kind assistance to special measures for migrants in urban areas and urgent health-related measures. The spread of the...
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