-Business Standard Unemployment rate in the country will rise to a staggering 32.5 per cent, but will be higher in Sri Lanka at 37.8 per cent As many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months (roughly till September), says a report by Asian Development Bank (ADB) and International Labour Organisation (ILO). India will be followed by Pakisan,...
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To resolve the agrarian crisis, there is need for more public investment in agriculture, remunerative prices, and land reforms, among other things, say experts and activists during the Janata Parliament
-Press release by Jan Sarokar, dated 19th August, 2020 The agriculture session of the Janta Parliament was held earlier today. Please click here to acccess the press release related to the online session on agriculture that was held on 19th August, 2020. Please click here to watch the recorded session. In the session on agriculture, the speakers included Hannah Mollah from the All India Kisan Sabha (AIKS), Prof R Ramakumar from the...
More »COVID-19 Impact: 41 Lakh Youth Lost Jobs in India, Says ILO-ADB Report
-TheWire.in/ PTI The young people's employment prospects in Asia and the Pacific are severely challenged due to the pandemic, the report found. New Delhi: As many as 41 lakh youth in the country lost jobs due to the COVID-19 pandemic while construction and farm sector workers account for the majority of job losses, according to a joint report by the International Labour Organization (ILO) and the Asian Development Bank (ADB). “For India, the...
More »A crisis without villains -Harish Damodaran
-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...
More »Lockdown impact: Rural survey paints a grim picture -Sayantan Bera
-Livemint.com Overwhelming support for Modi government in rural India despite lack of day jobs and money crunch, finds Gaon Connection-CSDS survey New Delhi: Borrowing money to run households; wage work coming to a standstill; farmers unable to sell their harvest on time and at a fair price; a drop in income for most families; yet, an overwhelming support for Narendra Modi-led federal government’s management of the covid-19 crisis. These are some of...
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