Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers
ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...
More »Bank accounts opened under jan dhan Yojana crosses 40-crore mark
-PTI/ The Hindu As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in jan dhan bank accounts are in excess of ₹1.30 lakh crore. More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri jan dhan Yojana (PMJDY), launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme...
More »That foodgrain stocks lie in public godowns while people are going hungry is a scandal -Dipa Sinha
-The Indian Express What is disturbing is that in the middle of the current crisis some are now calling for a massive downsizing of the PDS and a shift to cash transfers in place of foodgrains. The Public Distribution System has played an important role in providing relief to people in the aftermath of the national lockdown. With COVID-19 cases increasing and the economy continuing to be in a downturn, some corrective...
More »Beyond food rations: Six ways India can ensure nutrition security for its most vulnerable people -R Gopinath & B Jayashree
-Scroll.in The country has adequate stockpiles of foodgrain. But how can it ensure a varied diet for its people during this crisis? For agricultural labourer Dhanalakshmi Manikandan, her home garden in Tamil Nadu’s Pudukkottai district has never looked more appealing. With her daily income cut of by the lockdown to contain the spread of the coronavirus, the vegetables in her garden have become a valuable part of the daily meal for her...
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