The rise in COVID-19 daily new cases and daily new deaths compelled many state governments to impose local level lockdowns during April-May 2021. As of 20th April, 2021, partial lockdowns were noticed in 10 states across the country and complete lockdown was imposed in Delhi. As of 8th May, 2021, nearly the entire country was under complete lockdown as a result of either partial lockdowns and night curfews or complete...
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How Covid-19 hurt household savings in India -Shoaib Daniyal
-Scroll.in A drop in household savings has caused concern about economic recovery in the country. On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-’21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused. The numbers are disappointing with a sharp dip in the...
More »India’s nutrition crisis has widened during the pandemic – especially for women and children -Deepanshu Mohan, Vanshika Shah and Advaita Singh
-Scroll.in The focus is on providing food grains to the very poor as against supporting that with more funding for existing nutrition-focussed welfare programmes. Data collated from a recent paper -studying the impact of the Covid-19 lockdown in 2020 by Jean Dreze and Anmol Somanchi reflect the grim condition of India’s looming malnutrition crisis. In a co-authored essay around April 2020, we had argued how the “hidden costs of this pandemic” (and the...
More »Activists seek 50 more days of work under MGNREGA -Priscilla Jebaraj
-The Hindu Over 2 lakh households have exhausted quota. More than 2 lakh rural households have already completed their guaranteed 100 days of employment under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme within the first three months of the financial year, according to the scheme’s database. This is higher than seen at the same time last year, indicating even higher demand for work than 2020-21’s unprecedented levels. Given the high...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
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