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Despite some hits, the Budget has crucial misses -R Nagaraj

-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...

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Pandemic Effect: 9 Months On, More Younger Workers Remain Jobless -Rosa Abraham, Amit Basole and Surbhi Kesar

-IndiaSpend.com More younger workers, and women, lost jobs and struggled to recover them. Even after employment rates recovered, quality of employment deteriorated, with individuals moving into less secure self-employment in agriculture, construction and small-scale trade. Bengaluru: The COVID-19 pandemic has delivered a large and sustained economic shock to the global economy. In India, the effect can be broadly divided into two phases--the shock of the nationwide lockdown in the months of April...

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Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) , interviewed by Govindraj Ethiraj (IndiaSpend.com)

-IndiaSpend.com Latest data indicate a structural shift away from organised sector jobs towards more insecure self-employment or unorganised sector jobs, Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) tells us in this interview Mumbai: "We have an ageing population. If we have shrinking employment in urban places, if the better educated graduates or postgraduates are the ones who are losing jobs, how can we recover the economy from the downslide...

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Covid effect: 8.4 lakh migrants back in Kerala from abroad, 5.5 lakh lost their jobs -Shaju Philip

-The Indian Express With the figures indicating that the job crisis triggered by Covid-19 continues, Kerala economy may be facing long-term impact, with remittances from abroad, mainly West Asia, its lifeline. Thiruvananthapuram: AMIDST the Covid-19 pandemic-induced economic crisis, 5.52 lakh people who have returned to Kerala from abroad since May last year have given loss of jobs as reason, according to government data. As per figures compiled by the Department of Non-Resident Keralites...

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MGNREGA: rural welfare on crutches -Debmalya Nandy

-The Telegraph The inadequate sanctioning of schemes across gram panchayats hinders operations, thereby reducing employment opportunities The Mahatma Gandhi National Rural Employment Guarantee Act tracker released by the People’s Action for Employment Guarantee as well as a research report presented by LibTech India reveal why the rural job programme has not been able to cater to the needs of the poorest during this steep rural job crisis. Earlier, a survey by the Azim...

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