-Financial Express The latest figure shows that the joblessness in the rural areas is now lower than the pre-pandemic levels. The unemployment rate in rural India significantly fell to 5.21 per cent in the last week, according to CMIE’s weekly employment data. The latest figure shows that the joblessness in the rural areas is now lower than the pre-pandemic levels. Though the rising number of jobs plays a major role in reducing...
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Techies and teachers take white-collar hit -Basant Kumar Mohanty
-The Telegraph 32.6% of the 18.1 million jobs in the country were lost in four months India witnessed the erosion of nearly a third of its white-collar jobs between May and August, with professionals like software engineers, teachers, accountants and analysts taking the biggest hit, a survey by a data agency has shown. The Centre for Monitoring Indian economy has found that 5.9 million (32.6 per cent) of the 18.1 million white-collar jobs...
More »A Govt Unequal to the Task as economy Sinks -Prabhat Patnaik
-Newsclick.in The significant fall in government expenditure during the lockdown is just the opposite of what the Modi government should have done. A striking aspect of the 24% decline in India’s GDP in the first quarter of 2020-21 compared with the first quarter of the last fiscal year is the decline by 10.3% in public administration, defence and other public services. This is a sector where the GDP (gross domestic product) is...
More »More than Rs 1 lakh crore worth of Rs 2,000 notes vanish in one year, shows RBI data
-Financial Express The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from Rs 6.5 lakh crore in the previous fiscal year 2018-19. Rs 1.1 lakh crore worth of high denomination notes of Rs 2,000 vanished from the system in just one year. The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from...
More »Plug the gaps: Aadhar and MGNREGA -Anjor Bhaskar and Preeti Singh
-The Telegraph Survey by Indian School of Business in Jharkhand reveals mass deletion of genuine job cards during linkage India’s economy is going through an unprecedented crisis of unemployment. In these times, the Mahatma Gandhi National Rural Employment Guarantee Programme and other welfare programmes are beacons of hope for India’s large rural population. However, the delivery of welfare has traditionally suffered from leakages. Thus, in 2015-16, the Government of India started linking...
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