-Business Standard Unemployment rate in the country will rise to a staggering 32.5 per cent, but will be higher in Sri Lanka at 37.8 per cent As many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months (roughly till September), says a report by Asian Development Bank (ADB) and International Labour Organisation (ILO). India will be followed by Pakisan,...
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Dormant state -Renu Kohli
-The Telegraph Why are animal spirits in quarantine? Animal spirits, the primordial driver of growth that is unquantifiable, are once more in the spotlight. The current context is the dire growth outlook from the Covid-19 impact, future prospects and how to improve these. However, the absence of animal spirits has been felt and commented upon longer than that. It can be traced as far back as the 2012-13 slowdown, or the shortfall...
More »COVID-19 Impact: 41 Lakh Youth Lost Jobs in India, Says ILO-ADB Report
-TheWire.in/ PTI The young people's employment prospects in Asia and the Pacific are severely challenged due to the pandemic, the report found. New Delhi: As many as 41 lakh youth in the country lost jobs due to the COVID-19 pandemic while construction and farm sector workers account for the majority of job losses, according to a joint report by the International Labour Organization (ILO) and the Asian Development Bank (ADB). “For India, the...
More »Stories of distress from small borrowers -Sayantan Bera
-Livemint.com * Across India, women borrowers are finding it tough to repay small loans. The next few months will be critical * Unless there is a sharp recovery, MFIs and Banks (with micro-loan portfolios) will have to restructure or write off loans though the situation will not be clear until November NEW DELHI: Sarama Koyal does not have a roof over her head. After the Amphan super cyclone ravaged her home in South...
More »Draft EIA 2020: How it may impact North East -Sayan Banerjee
-Down to Earth The region, with eight per cent of India’s total geographical area, has 25 per cent of India’s forest cover India’s northeastern region — comprising Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura — is a unique biodiversity hotspot. The region, however, faces many environmental problems. Successive Indian forest surveys in 2015, 2017 and 2019 reported net deforestation of 628, 630 and 765 square kilometres in the region respectively. This...
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