-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...
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The Myth Of ‘Ethical’ Fashion: How a Multinational Clothing Brand Neglected its Women Workers -Swathi Shivanand
-TheWire.in The COVID-19 pandemic has been used as an excuse to hide anti-worker actions by apparel brands and their supplier factories. “Where are you hiding, H&M?… If you don’t come out and stand with us now, it means you are complicit in union busting and closure of the company. Your profits are made on the sweat of our labour…Please ask Gokaldas to reopen the factory.“ On 7, July 2020 Shobha, a laid-off worker...
More »A collage of laws that leaves the worker out in the cold -Santosh Mehrotra and Kingshuk Sarkar
-The Hindu The universalisation of social security remains an unfulfilled aspiration in the new code on social security As COVID-19 destroys lives and livelihoods, an unprepared government has rendered low-paid, informal workers, who constitute 91% of the workforce, totally hapless, pushing them further into poverty. Imagine if these same informal workers had social security (including free basic curative care in public clinics and hospitals, the elderly had old age pensions, the dying...
More »Rent issues as an ignored COVID stress point -Mewa Bharati and Juhi Jotwani
-The Hindu The second wave has amplified the issue of rent which does not draw much attention as food and income support do As State governments have begun implementing weekend curfews and lockdown-like conditions amid the second wave of COVID, there is another issue that is emerging — rent crises within informal rental housing markets. For example, domestic workers in Jaipur, Rajasthan, have begun reporting to the Rajasthan Mahila Kamgar Union (RMKU)...
More »During COVID-19 pandemic, India’s Debt to GDP ratio increased from 74% to 90%, says IMF
-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s Debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
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