-PTI/ The Hindu Rs. 13,855 cr. gone towards PM-KISAN first instalment payment More than 30 crore poor people have received financial assistance of ₹28,256 crore under the Pradhan Mantri Garib Kalyan Yojana announced by Finance Minister Nirmala Sitharaman last month to protect them from the impact of the lockdown. As part of the ₹1.70 lakh crore relief package, the government announced free foodgrains and cash doles to women and poor senior citizens and...
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Modi asks states to alter mandi rules for direct delivery to reduce crowd -Sanjeeb Mukherjee
-Business Standard Agriculture is a state subject and the Central government has limited powers to ensure implementation of the guidelines Prime Minister Narendra Modi on Saturday called upon state governments to quickly make necessary changes to rules governing their mandis so that direct marketing of farm produce can be done without crowding the markets. Addressing the chief ministers during a four-hour long meeting to discuss the modalities for extending the lockdown, Modi said...
More »A time for extraordinary action -T Jayaraman & Tejal Kanitkar
-The Hindu An unprecedented scale of state investment is required to lift up the Indian Economy. Even before the full impact of COVID-19 on the health of Indians is clear, the economic impact of the measures required to deal with the pandemic are already posing grave problems. The Indian Economy.was in dire straits even before COVID-19 reached our shores. Specifically, the lockdown and other movement restrictions, backed by scientific and political...
More »A different economic approach -Puja Mehra
-The Hindu How the public health versus economic health trade-off can be resolved during this pandemic As it fights COVID-19 with its meagre healthcare resources, India has chosen to bring the Economy.to a near halt with no clear idea of how many lives can be saved in this manner. What is going to be the cost of this decision? The 21-day lockdown will reduce the gross value added (GVA) during this...
More »COVID-19: UN Report Says About 400 Million Indian Workers May Sink Into Poverty
-PTI/ NDTV The International Labour Organization (ILO) in its report titled 'ILO Monitor 2nd edition: COVID-19 and the world of work', describes coronavirus pandemic as "the worst global crisis since World War II". United Nations: About 400 million people working in the informal Economy.in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million...
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