-Press release by NREGA Sangharsh Morcha dated June 29th, 2020 Today, workers in over sixty districts across eleven states of the country observed “NREGA Adhikar Diwas” by submitting a memorandum to the Prime Minister to demand an increase in the annual guarantee of work to 200 days per person, revision of the daily wage rate to Rs. 600 and strict implementation of schemes planned by the gram/ward sabha. The widespread disruptions to...
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India needs consumers, but RBI survey shows it won't get them soon enough -Aparna Iyer
-Livemint.com Consumer confidence indices, an output of RBI survey of 5,300 households spread across 13 cities, fell to a historic low in May. The future expectations index dropped to 97.9 in May from 115.2 in March MUMBAI: As the covid-19 pandemic continues to spread, India’s economy has lost its main engine of growth: consumption. A survey by the country’s central bank shows how stark is the pessimism among Indians. It also gives various...
More »The long wait of Indian farmers for a better remuneration deal -Himanshu
-Livemint.com The ongoing reforms won’t help if they remain deprived of Market Access and suffer low demand Earlier this week, as part of the package for Aatmanirbhar Bharat, the Cabinet approved the proposals for agricultural marketing reforms announced in May by finance minister Nirmala Sitharaman. The government has approved the The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020, along with amendments to the Essential Commodities Act. It has also...
More »COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais
-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...
More »Thomas Piketty, Professor of Economics at Paris-based School of Advanced Studies in the Social Sciences and expert on inequality, interviewed by Narayan Lakshman (The Hindu)
-The Hindu Nationalism is not going to solve the big problems, says the economist. If the catastrophic human toll of the ongoing COVID-19 pandemic was the first wave to strike the world this year, its severe economic consequences – including loss of livelihoods of the poor across countries, leading to massive internal displacement and starvation in many cases – have been the second wave. It is in this context that the seminal work...
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