-Hindustan Times Launch a massive programme to rehabilitate returnee migrants; allocate an additional Rs 50,000 crore for MGNREGS; extend the free ration scheme for six more months; revive and strengthen public systems of service deliver; RBI should give a directive to banks to extend a top-up loan of Rs 10,000 crore to Self-help Groups After the Covid-19 outbreak, 66% of rural households fell short of cash for food. About 40% reduced their...
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Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »Will Bihar's Economy Rise to the Reverse Migration Challenge? -Santosh Mehrotra and Baikunth Roy
-TheWire.in Even if up to half of the returned migrants leave the state again, the question of how the rest will find Gainful Employment is both a political and economic issue. One way of looking at India’s lockdown’s strategy was that it came too early, was the strictest of any country, and is now being done away with at a juncture when cases have not even peaked. The worst is still to...
More »A Union Budget for no one -Surajit Das
-Newsclick.in The poor, salaried, businesspersons -- all are unhappy. For, the underlying macroeconomics is wrong – the finance minister is trying to solve the aggregate demand problem by supply-side economics. The annual budget of the Union government was placed in Parliament on the February 1, 2020. In the very beginning of her second budget speech, finance minister Nirmala Sitharaman mentioned that “this is the Budget to boost their (people of India) incomes...
More »More Women Are Out of Work, Reveals Govt Report -Subodh Varma
-Newsclick.in Women’s work participation has dramatically declined, unemployment is at an all-time high and they often get half the wage of what men get for same work, shows the latest labour force survey report. The recently released Periodic Labour Force Survey (PLFS) for 2017-18 reveals a striking decline in women’s participation in the workforce. Only about 22% of women of working age (defined as 15 years of age or more) were gainfully...
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