-Hindustan Times The note, which has been reviewed by HT, paints a grim picture of the global economy going forward, does not rule out something like the Great Depression of the 1930s, and sees a rise in poverty, unemployment and debt. The Covid-19 pandemic will transform the global economic order for worse, with a “market subverting” China emerging as the alternative pole to the US, says a background note of the Niti...
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The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
More »Corinne Vargha, director of the ILO’s International Labour Standards Department, interviewed by Nileena MS (CaravanMagazine.in)
-CaravanMagazine.in In May 2020, 10 central trade unions jointly wrote twice to Guy Ryder, the director general of the International Labour Organisation, drawing attention to the plight of migrant workers during the COVID-19 crisis as well as the government’s dilution and suspension of labour laws. In May, several states—including Uttar Pradesh, Madhya Pradesh and Gujarat—introduced sweeping changes in labour laws such as increasing the working hours from eight to 12. The...
More »A ‘duet’ for India’s urban women -Jean Drèze
-The Hindu Public works could provide valuable support to the urban poor, especially if women get most of the jobs The COVID-19 crisis has drawn attention to the insecurities that haunt the lives of the urban poor. Generally, they are less insecure than the rural poor, partly because fallback work is easier to find in urban areas — if only pulling a rickshaw or selling snacks. Still, the urban poor are exposed...
More »CEA Subramanian asks NSC to make junked consumer spending report public -Somesh Jha
-Business Standard The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18. Chief economic advisor (CEA) Krishnamurthy Subramanian has asked the National Statistical Commission (NSC) to make public the 2017-18 consumer spending survey data. “The government had decided to not release the consumer expenditure survey report. But, earlier this year, NSC Chairman Bimal Kumar Roy received a...
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