-Press release by Stranded Workers Action Network, dated 20th May 2020 We, the undersigned organizations call upon the State governments concerned to bring out all idle transport vehicles out from garages to the State and National highways to carry the workers to their home. We also request that more interstate trains be run, and in a coordinated fashion, to ensure that workers do not remain struck in overcrowded dormitories and camps....
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Coronavirus package: Migrant workers to get free foodgrains
-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
More »Food before cash: Because PMJDY cash transfers will exclude many of India’s poorest -Rohini Pande , Simone Schaner & Charity Troyer Moore
-The Indian Express Cash is easy to carry and widely accepted. But, our analysis of nationally representative survey data, described below, suggests that these transfers will exclude many of India’s poorest and, for others, come too late. The vast majority of India’s poor rely on daily wage labour for sustenance. With the current lockdown and its likely extension, millions of daily labourers and their families can no longer earn the money they...
More »Job Losses Soar as Modi Govt Continues to Grope in the Dark -Subodh Varma
-Newsclick.in In April alone, over 12 crore jobs were estimated to have been lost, and unemployment is at over 27% in the beginning of May. After the loss of nearly 80 lakh jobs in March, most of them in the last week after the countrywide lockdown was suddenly announced by Prime Minister Narendra Modi on March 24, latest data collected by CMIE or Centre for Monitoring Indian Economy through their periodic sample...
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