-Business Standard This was mainly on account of migrants again returning to their homes due to the second wave of Covid-19 and several cities going into Lockdowns Around 27.3 million households demanded work under MGNREGA in April 2021, among the highest for the month in recent times. This comes as migrants once again returned to their homes due to the second wave of Covid-19 and several cities went into Lockdowns. The high work demand...
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Over 7.5 Million Jobs Lost in April: Experts Call for Fresh Relief Package for Marginalised -Ronak Chhabra
-Newsclick.in According to CMIE data, the national unemployment rate in April registered a four-month high of 7.97% – with urban and rural joblessness at 9.78% and 7.13% respectively – as against the previous month’s figure of 6.50%. The recent surge in COVID-19 cases has sent the pandemic spiralling anew in the country, with its impact visible not just on the already strained healthcare infrastructure but also on the economic front – particularly...
More »How China contained virus: There are lessons for India in its centralised planning, local action -Shruti Jargad
-The Indian Express The central leadership led by President Xi was quick in acknowledging this effort of the “first line of defence”. It made provisions for the benefit of the workers like subsidies, provision of health equipment, insurance, publicity, and other institutional support. In his address to the nation on April 20, Prime Minister Narendra Modi made exhortations for the youth to form small committees to ensure adherence to COVID-19 restrictions. He...
More »Are we listening to the lessons taught in the first year of Covid-19? -Ashish Kothari
-The Indian Express The pandemic revealed the precarious state of India’s informal sector. Localised production, trade and markets offer a better alternative to existing paradigm of development. Another wave of COVID, another round of Lockdowns, another long journey back home for migrant workers. If there is one lesson we are learning after a year of COVID-19, it is that we have not learnt any lessons, at least not the crucial ones. 2020 exposed...
More »Collections at small finance banks feel the heat of covid -Gopika Gopakumar
-Livemint.com Localized Lockdowns and rising covid cases among collection agents hamper loan recoveries Small finance banks are beginning to feel the heat of localized Lockdowns and the advancing pandemic wave, as the virus spreads to India’s small towns and hinterland. However, they are better prepared this time, after last year’s severe setback. “The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays...
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