-TheWire.in Panchayats and labour workforce unions have openly traded barbs over a move to cap paddy transplant wages in several villages. Chandigarh: “This time paddy transplant rates in our village will not be more than Rs 2,700 per acre. If anyone pays more than what is decided, he will be fined Rs 5,000,” said an elderly man, as he addressed a gathering in Gharyala Kurd village in Punjab’s Taran Taran district, approximately...
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Urban unemployment up, rural picture better -Basant Kumar Mohanty
-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...
More »GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya
-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
More »12-year low -- and Before Covid
-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
More »Govt's Short-term Measures Will Fail To Reduce Precarity Of Migrant Workers -Apoorva Gupta and Balwant Singh Mehta
-Outlook India The short-term measures by the government to ensure the immediate safety, food and shelter for the migrants will fail to suffice in the long run as they do nothing to tackle the underlying causes that contribute to the systemic discrimination and deprivation of the migrants. The spread of novel Coronavirus has created its own spectrum of distress and turmoil for individuals across social groups around the world, but more for...
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