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Need new stimulus of Rs.10 lakh crore: Economists Collective

-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...

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MGNREGA changes lives of nomadic families -Nagesh Prabhu

-The Hindu They give up seeking alms and take up work under MGNREGA Bengaluru: The lockdown has brought a change in the lives of four nomadic families, traditionally known as “Duramurgi” in Haveri district of north Karnataka, thanks to the Centre’s flagship rural job scheme. These nomadic families, for generations, have been seeking alms by roaming around villages carrying idols of deities on their heads. But with wandering made impossible under lockdown, and...

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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...

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Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal

-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...

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COVID-19 Lockdown: Impact on Agriculture and rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...

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