-Livemint.com A failure to protect incomes could widen the gap between have-nots and haves and thus hurt growth When the facts change, I change my mind," John Maynard Keynes is believed to have said almost a century ago. Responding to the economic after-shocks of the covid pandemic, governments and central banks have been living by this maxim. In the UK and US, supposedly fiscally conservative governments have spent with abandon to prop...
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Employment contracts by 2.4% in November: CMIE -Chitranjan Kumar
-BusinessToday.in On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October Employment in India contracted for the second consecutive month in November, raising questions on the recent optimism around recovery in job markets in the aftermath of COVID-19 pandemic. In November, the count of the employed fell by 0.9 per cent or 3.5 million, as against...
More »6,600 Farmers Die of Pesticide Poisoning Every Year in India: Study
-Newsclick.in The global study, published by BMC Public Health, revealed that about 44% of the worldwide farming population (total 860 million) are poisoned by pesticides every year. In a comprehensive study published on Monday, December 8, scientists estimated that about 385 million people, particularly among farmers and agriculture workers, are poisoned by pesticides every year including 11,000 deaths per year. Among the fatalities, nearly 60% or 6,600 deaths per year occur in...
More »Corinne Vargha, director of the ILO’s International Labour Standards Department, interviewed by Nileena MS (CaravanMagazine.in)
-CaravanMagazine.in In May 2020, 10 central trade unions jointly wrote twice to Guy Ryder, the director general of the International Labour Organisation, drawing attention to the plight of migrant workers during the COVID-19 crisis as well as the government’s dilution and suspension of labour laws. In May, several states—including Uttar Pradesh, Madhya Pradesh and Gujarat—introduced sweeping changes in labour laws such as increasing the working hours from eight to 12. The...
More »The dangers of misplaced optimism -CP Chandrasekhar
-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both...
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