Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

-International Labour Organisation News The COVID-19 pandemic is having a catastrophic effect on working hours and earnings, globally. A new ILO report highlights some of the worst affected sectors and regions, and outlines policies to mitigate the crisis. GENEVA: The COVID-19 crisis  is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers. Large reductions are foreseen in the...

-Vikalp.ind.in The unprecedented fear of Covid-19 leading to ‘social distancing’ through lockdown in the entire India has yet again unfolded the plight of informal sector workers even in the midst of a universal public health crisis worldwide. The lockdown, for a huge number of informal sector workers is associated with the loss of livelihood; but for others engaged in low-valued essential works such as home delivery, scavenging and cleaning the society,...

-Livemint.com MGNREGS could alleviate rural distress but, in its current form, its overall impact on the rural economy is limited in scope With rural distress deepening across India and private consumption growing anaemically, calls for ramping up the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), are growing louder ahead of the upcoming budget. Proponents of MGNREGS believe that it may be the only ammunition in the government’s arsenal to fight rural...

-The Telegraph The report examined each of the 184 voluntary pledges under the Paris climate pact Nearly three-quarters of the climate pledges from 184 countries under the 2015 Paris climate pact are insufficient to adequately lower Earth-warming greenhouse gas emissions and cap global warming to below 1.5 degrees Celsius, researchers iterated on Tuesday. India, China and the US are among the 136 countries (74 per cent) whose pledges to curb their emissions...