-TheWire.in Social policies almost always have multiple, often unintended, consequences. This feature came out sharply, when Prime Minister Narendra Modi declared a Nationwide Lockdown to arrest the spread of the novel coronavirus without announcing an immediate or near-simultaneous relief package for India’s poorest. As the fight against COVID-19 unavoidably puts the livelihoods of millions at risk, an ugly truth of Indian society has come out in the open – namely, a large...
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Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha
-The Hindu In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume. Mumbai: As business activities resumed on Monday after a Nationwide Lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for banks within which a loan needs...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
More »Why do farmers resort to dumping produce? -A Narayanamoorthy and P Alli
-The Hindu Business Line With bumper harvests, farmers are forced to sell the stocks to middlemen for a pittance or let them go to waste. Better integration of markets, development and maintenance of storage facilities could help avoid this problem Farmers are the worst hit due to the coronavirus lockdown, unable to harvest crops and sell the harvested produce in the market. The dairy farmers of Assam and Karnataka; and vegetable, fruit...
More »‘Scale of deprivation huge’: 96% stranded workers sans govt ration, says report -Amrita Dutta
-The Indian Express Coronavirus (COVID-19): The report released by a volunteer group has pointed to the scale of the hunger crisis and economic distress among migrant workers stranded in cities. WITH the Nationwide Lockdown extended till May 3, a report released by a volunteer group has pointed to the scale of the hunger crisis and economic distress among migrant workers stranded in cities. Since March 27, two days after Prime Minister Narendra Modi...
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