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Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis

-ANI/ Business Standard Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy. As Sri Lanka faces its worst economic crisis in decades and struggles to pay loans, China turns a blind eye after ensnaring the island nation into a debt trap. Sri Lanka is now facing the worst economic crisis since gaining independence in 1948. The recession is attributed to foreign exchange shortages caused by the...

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The State that failed -MG Devasahayam

-The Telegraph As the most inequitable country in the world after Russia, today's India is indicative of this fact The Union ministry of women and child development protested against the downgrading of India from 94 to 101 on the Global Hunger Index, 2021. According to the ministry, the proportion of undernourished population given in the report is “devoid of ground reality and facts, and suffers from serious methodological issues”. The ministry is protesting...

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Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh

-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...

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Global Fashion Brands Caused Humanitarian Crisis in 6 Asian Countries During Pandemic, Says Report -Ditsa Bhattacharya

-Newsclick.in Nearly 93% of the Indian garment workers were pushed below the international poverty line of the World Bank in April and May, 2020 Garment workers lost a significant amount of wage during the pandemic in six Asian countries including India. Workers’ wages were at poverty levels even before the pandemic, and were pushed further below the International Poverty Line in their countries by the pandemic, according to a recent report titled...

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The pandemic in data: Not only are India’s poor eating less, they are eating less nutritious food -Shoaib Daniyal

-Scroll.in Indians need more relief measures during the second Covid-19 wave. Even before the pandemic hit, India was one of the world’s most malnourished countries. As could be expected for such a country with such poor development indicators, Covid-19 hit India’s poor hard. To compound the problem, the Indian government put in place what was the world’s harshest lockdown with little planning. A new paper by economists Jean Drèze and Anmol Somanchi has...

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