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More fiscal support is imperative: CII chief -Suresh Seshadri

-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot...

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India learns a bitter lesson for disregarding crucial warnings and recommendations on Covid-19

In the month of April this year, there has been an unprecedented upsurge in daily new cases and daily new deaths in the country due to Covid-19. States, which reported large increases in daily new cases and daily new deaths, are Maharashtra, Kerala, Karnataka, Delhi and Uttar Pradesh, to name but a few.   Data accessed from https://www.covid19india.org/, which is a crowdsourced platform and an independent aggregator of daily Covid-19 figures and...

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Migrant workers should have political voice, say experts

-The Indian Express On the Covid-19 lockdown in India, Tumbe said that while internal migration takes place in all countries, India was probably the only country that faced a massive migration crisis. The recent laws in Jharkhand and Haryana that reserve private sector jobs for local residents are “nativist” and should be struck down, panelists said Tuesday at the second edition of the eight-part webinar series — Thinc Migration — organised by...

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Once in a Century Budget: Statement of Fact or Hope? -Arun Kumar

-TheWire.in The pandemic and lockdown threw existing budgetary calculus completely out of line. But that provides an opportunity too. In December 2020, talking at a CII meet, finance minister Nirmala Sitharaman reportedly stated: “100 years of India wouldn’t have seen a budget being made post-pandemic like this”. Was it a mere statement of fact, that never before had parts of the budget-making process been done in a virtual manner after a pandemic, or...

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Mass lay-offs likely in automobile sector in the Millennium City -Ashok Kumar

-The Hindu Lockdown slump may erase 20-30 lakh jobs, says expert Around 20-30 lakh workers, mostly contractual, could lose jobs in the Gurugram-Manesar-Bawal automobile belt due to slump in demand in the wake of COVID-19-induced lockdown, said Harbhajan Singh, chairman of Ease of Doing Business, CII, Haryana. Speaking to The Hindu, Mr. Singh, also former director of Honda two-wheelers, said that the Gurugram-Manesar-Bawal automobile belt, which employs around six million workers and is...

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