-United Nations/ PTI/ NDTV With two-thirds of the world's Population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations. United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the...
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The fiscal hoax of garib kalyan
-The Telegraph The finance minister's relief package, like some other interventions, is a case of smoke and mirrors India has jumped in with a Rs 1.7 trillion package of fiscal measure to provide relief to the poor and other vulnerable sections of its Population stricken by the impact of the coronavirus crisis. The finance minister, Nirmala Sitharaman, unveiled the package with some flourish. But when experts pored over the measures, it became...
More »Shift to upscaling food rationing now -Madhura Swaminathan
-The Hindu Expanded rations will not only bring relief in this pandemic but also help sustain a nourished and healthy Population Two days ago, the Finance Minister Nirmala Sitharaman announced a ₹1.7-lakh crore package of social security measures to deal with the COVID-19 pandemic in the period of the 21-day lockdown. In respect of food security, the package falls far short of what is needed. I argue that we need to immediately...
More »Coronavirus Lockdown Could Lead to Famine, Possibly Worse -Surajit Das
-Newsclick.in Clearly, more than half of the Indian Population would not be able to stay at home for long. Compensating them would cost around Rs 3 lakh crore or 1.5% of our current GDP. Does this Government have the will? It is definitely easier for those whose income is not dependent on moving out, to stay put at home. Most casual labourers, those that are self-employed and daily-wage earners would not be...
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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