-The Indian Express In rural India, the National Food Security Act of 2013 – which entitles three-fourths of all households to 5 kg of wheat or rice per person per month at Rs 2 and Rs 3 per kg, respectively – has reduced the demand for millets. Millets score over rice and wheat, whether in terms of vitamins, minerals and crude fibre content or amino acid profile. They are also hardier and...
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China may have become more prosperous in comparison to India in 2020, estimates new study
During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
More »How daily wage workers in India suffered in the lockdown -- and continue to struggle months later -Deepanshu Mohan, Jignesh Mistry, Advaita Singh & Snehal Sreedhar
-Scroll.in Data in Lucknow showed that mean monthly income for labour work fell 62%, from Rs 9,500 per month in pre-pandemic times to Rs 3,500 per month now. Asked how the lockdown-induced economic crisis affected the lives-livelihoods of daily wage workers, Rajesh Singh, in his early 20s in Lucknow said, “Since the time of Covid and the lockdown, there has been a severe crisis of employment opportunities in local labor markets. Getting...
More »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 »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...
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