-The Indian Express With livelihoods affected during the pandemic, the importance of land ownership for access to formal loans as well as government relief programmes became more evident. But the relatively poor availability of clear and updated land titles remains a hurdle. For a significant section of the rural poor, land is both an asset and a source of livelihood. Many informal jobs in the urban centres were lost as the economy...
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Jobless growth: the pandemic has revealed India’s crisis of unemployment -Himanshu
-The Indian Express The current model of economic growth prioritises capital over labour and is unlikely to resolve the unemployment crisis. COVID-19 infections are once again on the rise with daily infections crossing 60,000 per day last week. This is considerably higher compared to the reported infections during the same period last year when the numbers were less than 500 per day. What is obvious is that the pandemic is far from...
More »China may have become more prosperous in comparison to India in 2020, estimates new study
During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »Rs 420 crore in NREGA wages pending in Andhra, workers suffer -Charan Teja
-TheNewsMinute.com This amount has been pending for the last five months, according to daily wage earners and activists in the state. Grappling with the fallout of the COVID-19 pandemic, thousands of rural labourers in Andhra Pradesh turned to National Rural Employment Guarantee Act (NREGA) to earn a livelihood as several sectors of the economy have been affected. However, pending wages are adding to the woes of NREGA workers who mainly hail from...
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