-The Hindu In the post-pandemic world, addressing inequality is key to sustaining growth and well-being COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report...
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Post-lockdown misery of India’s migrant workers -Rajendran Narayanan
-The Indian Express One year since the Covid-19 lockdown was imposed, there’s been little change in the hunger levels and unemployment rate among migrant workers, especially women. Today marks the first anniversary of the day the central government announced an ill-planned national lockdown. India is home to nearly 500 million informal sector workers with practically non-existent social security and the unilateral decision pushed them into perilous circumstances, triggering their great exodus from...
More »Migrant workers face debt, job loss and separation from families -Damini Nath
-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...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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,...
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