-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the UNEMPLOYMENT scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...
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Six-fold increase in people suffering famine-like conditions since pandemic began
-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...
More »The pandemic in data: How Covid-19 has devastated India’s economy -Swati Dhingra & Maitreesh Ghatak
-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...
More »The bad news hidden in the good news on job numbers -Vivek Kaul
-Livemint.com The lack of jobs is forcing many people to stop looking for one and thus drop out of the workforce. Here’s the good news first. According to the Centre for Monitoring Indian Economy (CMIE), the UNEMPLOYMENT rate for June 2021 fell to 9.17%. It was at 11.9% in May. The following chart plots the UNEMPLOYMENT rate since January 2016, the period for which this data is available. As can be seen from...
More »Several studies but one conclusion -- poorly planned COVID-19 induced national lockdown hurt the poor the most
The recent Supreme Court of India’s judgments (please click here and here) related to ensuring food security of the migrant and unorganised sector workers through the provision of dry ration, running of community kitchens and proper implementation of the 'One Nation One Ration Card' scheme should come as no surprise to us. A recent review of some of the robust studies, which relied on multi-state surveys (or reference surveys), having...
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