-The Hindu How the public health versus economic health trade-off can be resolved during this pandemic As it fights COVID-19 with its meagre healthcare resources, India has chosen to bring the economy to a near halt with no clear idea of how many lives can be saved in this manner. What is going to be the cost of this decision? The 21-day lockdown will reduce the gross value added (GVA) during this...
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ILO: COVID-19 causes devastating losses in working hours and employment
-International Labour Organisation News The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new ILO report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the crisis. GENEVA: The COVID-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers. Large reductions are foreseen in the...
More »Govt estimates: In next 2 months, need 27 million N95 masks, 50000 ventilators -Harikishan Sharma
-The Indian Express According to sources, this was conveyed to industry representatives during a meeting on April 3 of the empowered group of officials on “coordinating with private sector, NGOs and international organisations”, which is headed by the NITI Aayog CEO Amitabh Kant. Estimating a spike in demand for personal protective equipment and diagnostic kits in the fight against COVID-19, the central government has calculated that the country will require about 27...
More »COVID-19: Fruit and Vegetable Producers Face Severe Loss as Prices Plunge -Neelambaran A
-Newsclick.in “Since many farmers are afraid to reach the regular markets, the local vendors are taking advantage of it. They are then selling the vegetables at a higher cost to the customers,” said Subramani, a farmer. With no announcement regarding any relief measures, the farmers across the state are staring at an imminent setback. The lack of transportation facilities, labourers and unwarranted police action continue to hamper the farming sector during the...
More »Most MSMEs skip March salary: AIMO
-The Hindu Survey cites logistics issues and absence of orders, among others, as reasons Chennai: About 71% of the MSME establishments were unable to pay either partially or fully the wages due for March 2020 either due to logistics issue or absence of orders, among other issues, according to All India Manufacturers Organisation (AIMO). AIMO, which is an apex trade body focused on the interests of the MSME sector, surveyed over 5,000 traders/MSMEs...
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