-Indira Gandhi Institute of Development Research, Mumbai There have been many successes and failures in economic and social development of India in the last 75 years. The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues and policies are discussed beyond India@75 for achieving growth, inclusion and development. As India is integrated with the world, global issues are also important for...
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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra
-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...
More »Migrant workers bore the brunt of 2020 lockdown due their poor access to social security schemes & legal rights, depicts latest NHRC report
The rise in COVID-19 daily new cases and daily new deaths compelled many state governments to impose local level lockdowns during April-May 2021. As of 20th April, 2021, partial lockdowns were noticed in 10 states across the country and complete lockdown was imposed in Delhi. As of 8th May, 2021, nearly the entire country was under complete lockdown as a result of either partial lockdowns and night curfews or complete...
More »Kerala’s poor is UP’s rich — how access to basic services varies in Indian states -Vidya Mahambare and Sowmya Dhanaraj
-ThePrint.in West Bengal and Rajasthan have remarkably improved the delivery of basic services to their poorest 20% population between 2005-06 and 2015-16, NFHS data show. The lives of asset poor in India’s major states, as shown in an earlier article, have improved between 2005-06 and 2015-16 in terms of owning common durables. Asset poor are defined as the bottom 20 per cent of a state’s population in terms of durable asset ownership. It...
More »Nod for cash payment for COVID bills of over ₹2 lakh
-The Hindu The relaxation has been granted for payments received in cash between April 1 and May 31, provided such healthcare providers obtain the PAN or Aadhaar of the patient and the payee. The government has notified changes to the Income Tax Act to allow cash payments of over ₹2 lakh for COVID-19 patients’ treatment at hospitals, dispensaries, nursing homes, COVID care centres or other similar medical facilities. The relaxation has been granted...
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