-The Hindu Their working hours were reduced, says agency in report Women and lower-paid workers have disproportionately borne the brunt of the decrease in wages due to the COVID-19 crisis as their working hours were reduced, according to the International Labour Organisation’s (ILO) Global Wage Report 2020-2021. The report, released on Wednesday, said global wage growth fluctuated between 1.6% and 2.2% in the four years preceding the pandemic, that is 2016 to 2019. “In...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Is the rural economy driving India’s recovery? -Richard Mahapatra
-Down to Earth Government spending has led to demand growth in rural areas; but what if it comes down? Rural India has emerged as the saviour of the shattered Indian economy. From Ratan Tata to the governor of the Reserve Bank of India, everybody is betting on the consumption demand growth in rural areas to boost the novel coronavirus disease (COVID-19) pandemic-stricken economy. There is a lot of talk on the ‘green shoots’...
More »Can the right to work be made real in India? -G Sampath
-The Hindu It can be made workable if there is political will and fiscal resources As economies around the world struggle to recover from the double whammy of a pandemic and a lockdown, unemployment is soaring. In India, the land of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the promise of jobs and the politics of unemployment have a long history. Can a citizen demand work as a right, and...
More »To understand the outbreak of zoonotic diseases, track human activities causing environmental changes, key message of UNEP-ILRI report
A report by the United Nations Environment Programme (UNEP) and International Livestock Research Institute (ILRI), which was released on July 6th (observed as World Zoonoses Day by research institutions and non-governmental organisations across the globe) this year, says that around 60 percent of known infectious diseases in humans are estimated to have an animal origin. Likewise, almost three-fourth of all new and emerging infectious diseases are zoonotic i.e. these diseases...
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