-The Hindu A year after the lockdown, jobs are not only harder to find, they pay less New Delhi/ Noida: Construction sites, industrial clusters, markets and homes in the National Capital Region (NCR) are abuzz with activity, but for the migrant workers who make a living in these spaces, life is far from normal a year after the country was locked down to curb the spread of COVID-19 in March 2020. Almost a...
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NITI Aayog's Proposal to Cut Food Subsidies Will Worsen India's Rising Hunger Problem -Sujata Gothoskar
-TheWire.in A number of indicators have shown that India is still reeling under the adverse impact of lockdowns and job losses necessitated by the pandemic. Any cut in food subsidies will push millions into starvation. On February 28, 2021, it was widely reported that Niti Aayog put out a paper arguing for lowering coverage in food security law in order to cut the subsidy bill. The paper prescribes curtailment of food subsidy...
More »‘Pandemic ate up ₹13-lakh crore household income’
-PTI/ The Hindu Consumption drag likely,says UBS unit Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months. ‘Could slow by mid-2021’ Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise,...
More »96% people faced drop in earnings during last year’s lockdown: survey
-The Hindu/ PTI Nearly 96% of the people surveyed under a food rights campaign in Maharashtra faced a drop in their earnings during the novel coronavirus-induced lockdown last year, a social body claims. Mumbai: job losses and non-availability of casual work were the key reasons for this, and every fifth respondent was forced to go hungry because of no money to buy food, Mukta Srivastava, the State’s convener for the Anna Adhikar...
More »The ailing economy needs much more than what Budget 2021 offers -Himanshu
-The Indian Express While the government has failed to deliver what was promised through the main budget and subsequent mini-budgets, estimates for next year also point to missed opportunities to use fiscal measures to revive the ailing economy. Expectations from Budget 2021 were high. Unsurprisingly so, for an economy battered by two years of slowdown, with a pre-pandemic annual growth rate of 4 per cent being a decadal low and the subsequent...
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