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'Pushing Urban Poor to Take loans is Wrong, Govt Needs to Give Income Support Instead' -Karan Thapar

-TheWire.in Professor of Economics at the University of Massachusetts at Amherst, Jayati Ghosh, says over the last 16 months of the pandemic the government’s handling of the economic crisis has been cruel and incompetent. One of India’s well-known and highly regarded economists has said the government’s refusal to provide income support to the unemployed and poor and instead asking them to take government guaranteed loans which the Chief Economic Advisor has said...

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Here's What We Know About COVID's Impact on India's Workers – and What We Can Do About it -Rosa Abraham and Amit Basole

-TheWire.in The pandemic disproportionately impacted women and young workers. A school bus driver is struggling to make ends meet driving a tempo for hire, purchased with an informal loan; a five-star chef is volunteering for an NGO preparing cooked meals for distribution in the slums of Bangalore; and an MCA degree-holder is working as a door-to-door water purifier technician. These and many more such anecdotes give us a glimpse into the disruption...

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NAPM welcomes the SC judgment on rations for all migrants & time-bound registration of unorganized sector workers

-Press release by National Alliance of People's Movements (NAPM) dated 2nd July, 2021  The sudden and unplanned lockdown imposed by the union government in March 2020 in the wake of pandemic had caused immense hardship to the informal sector workers. After much criticism and concern on its inaction, Supreme Court on 26.05.2020 took suo moto cognizance of “problems and miseries of the migrant labourers”. Later, several persons associated with people’s organisations...

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Trafficking survivors took more loans at higher rates, finds study -Shiv Sahay Singh

-The Hindu Second wave of COVID-19 forced vulnerable women to take high risk loans beyond their repaying capacity Kolkata: Months after she was rescued, 16-year-old Asma, a resident of Sunderbans in South 24 Parganas, took a loan of ₹20,000 from local moneylenders in May 2020 to rebuild her life. The first wave of COVID-19 had made it difficult to get any work. A year later, in May 2021, Ms. Asma, who was...

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With its economic policy, the government confronts political risks -Roshan Kishore

-Hindustan Times Those sympathetic to the establishment argue that had it not been for the second wave, the economy would have been in a much better shape. Those who disagree claim that even the sequential recovery which was achieved was profit-led and inequality-generating in nature On June 28, finance minister Nirmala Sitharaman announced an economic package to deal with the adverse effects of the second wave of the pandemic. The contours of...

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