Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...

-The Hindu The longer-term decline in the labour participation rate can be attributed to a host of factors The COVID-19 pandemic has disrupted economies across the world and presented policymakers with the unenviable task of sustaining employment amidst lockdowns. However, the academic and political debates in India on unemployment, which is widely attributed to jobless growth amidst stagnation in the agricultural and manufacturing sectors, predate the pandemic. It will be useful to...

-The Hindu There is a resonance between Saramago’s literary world and the migrant labour distress in contemporary India The novel, Blindness, by Portuguese Nobel Laureate José Saramago, is strikingly prescient about a sweeping illness. The plot revolves around a mysterious epidemic because of which people suddenly turn blind. The thread It starts with a person driving his car who turns blind while waiting at a traffic signal. He pleads to be taken home and...

-The Hindu Business Line Despite the lockdown, India’s trade balance in April and May turned positive. This has been achieved by a sharper decline in imports, pointing towards a contraction of demand in the real economy The RBI has released India’s balance of payments data for the fourth quarter (January-March) of 2019-20. It shows that during this quarter, India has managed a small current account surplus which is around 0.1 per cent...

-The Hindu India needs a top statistician to frame data-based policies for welfare and development In Poverty and Famines (1981), Amartya Sen argued that poor distribution of food, wartime inflation, speculative buying and panic hoarding were important reasons for the devastating Bengal famine of 1943, while Madhusree Mukerjee, in her 2010 book, Churchill’s Secret War, wrote of the role of British Prime Minister Winston Churchill, his wartime Cabinet’s decisions and “denial policy”...