-Hindustan Times As migrant workers continue to be the worst-hit owing to the Covid-19 lockdown, the call for re-imagining migrant lives post the pandemic grew louder on May 1, International Labour Day. Various organisations working with migrant communities demanded immediate measures to address questions regarding the livelihood of the workers. “Sending them back home is not addressing the problem. It is a band-aid solution,” said Roshni Nuggehalli, executive director at Mumbai-based NGO Yuva. “The...
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Second stimulus: Govt plans targeting based on need, MSMEs to begin with -Aanchal Magazine & Sunny Verma
-The Indian Express PM wary of open-ended provisions: Fund for MSME with guarantee likely. AS the Covid Pandemic and the prolonged lockdown batter all sectors of the economy, the government, sources said, is working on a rescue package that, for now, may address the needs of the micro, small and medium enterprise (MSME) segment rather than the larger corporate sector. More than six meetings have been held at the Prime Minister’s Office —...
More »March core sector output slumps 6.5%
-The Hindu Sharper contraction likely in Index of Industrial Production. Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), reflected a contraction in key parts of the economy in March, according...
More »Covid-19 pandemic could lead to 4 per cent loss of real GDP for India: CRISIL Research -Surabhi
-The Hindu Business Line Gross non-performing assets of banks could rise to 11 to 11.5 per cent this fiscal CRISIL Research has stated that the current coronavirus pandemic could lead to a four per cent permanent loss to real Indian gross domestic product (GDP) and said that more fiscal stimulus will be required. Most economies across the globe are unlikely to see normal conditions until 2022 due to the current coronavirus pandemic and...
More »COVID-19 Crisis: To Help Farmers, Government Must Expand Ambit of PM Kisan Scheme -Gargi Parsai
-TheWire.in Unlike other sectors, a large majority of the farming community do not have any savings to fall back upon. The COVID-19 pandemic has not only hit manufacturing, services and business but also pushed back the Narendra Modi government’s ambitious programme to double farmers’ income by 2022. From feeding a population displaced, dislocated and frozen in its tracks, to ensuring farmers stay afloat in the coming months, the government has a tough...
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