-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...
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The Coronavirus Pandemic Has Strengthened Class Segregation in India -Harish S. Wankhede
-TheWire.in Both the government and middle-class society have left the country's migrant workers to their own devices. As citizens bearing equal rights, migrant workers, Dalits, tribals, Muslims and sexual minorities are a substantial part of the modern nation-state. However, the actual story of India’s economic growth has showcased their persistent marginalisation and exclusion. These groups survive in isolation and have often been treated with disdain, mistrust or even as a threat to...
More »Govt shouldn’t junk unpleasant data -Biswajit Mandal & Saswati Chaudhuri
-The Hindu Business Line Suppressing data that point to low growth, rising joblessness and poverty impedes effective policymaking in a crisis Finance Minister Nirmala Sitharaman, in her Budget speech, said “data is the new oil” and stressed on the credibility of data to combat the difficulties in real-time monitoring of the Indian economy. She even proposed building data centre parks throughout the country so that skilful incorporation of data in every step...
More »Bleak prospects -Mahesh Vyas
-Business Standard/ Centre for Monitoring Indian Economy (CMIE) It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20. Economic growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for employment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an...
More »Modi govt at work! Double whammy of unemployment and price rise -Subodh Varma
-Newsclick.in Joblessness is zooming, inflation is at six-year high led by food inflation, exports are down further, industrial production is stagnant and investment is at a standstill. In the last six months or so, the Modi government has supposedly been paying close attention to the sinking economy, with a flurry of meetings, announcements of freebies to corporates, fervent assurances to markets and budget shenanigans to supposedly keep the deficit in check and...
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