-The Hindu The Government needs to reverse its neglect and policy missteps as key indicators show the sector has resilience The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an...
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Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »With 45% of Indians excluded from the food security net, it’s time to univeralise the PDS -Swati Narayan
-Scroll.in Poverty is growing, thanks to the Covid-19 economic slowdown. It’s time for the Centre to provide subsidised foodgrains to most Indians. Have you ever closely watched ants foraging for food in the kitchen with remarkable ingenuity, teamwork and dedication? They meticulously gather food – crumbs and grains of sugar – to re-distribute to the entire colony. In addition, they store excess morsels to tide over future shortages. Bees are equally industrious....
More »Negative perception on economy and employment rises to an eight-year high
-The Hindu More than 80% of respondents say the country's economic and employment situation worsened in May 2021 Job losses in urban areas as a consequence of COVID-19-related lockdowns have crushed the confidence levels of city dwellers. Their negative perception of the economy and employment situation has reached the highest level recorded in at least eight years. The negative perception remained high with regard to the overall price situation and incomes too....
More »92% of workers stopped receiving payment from employers: Report
-The Hindu SWAN, which relaunched its helpline in April, releases findings based on over 8,000 callers Bengaluru: Migrant workers, one of the more vulnerable groups left in lurch during the national lockdown called by the Centre last year, are facing another crisis during the second wave of COVID-19. This time around, the problem is compounded by a lack of savings, which they used up last year. Around 92% of the country’s workforce who...
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