-Business Standard Unemployment rate in the country will rise to a staggering 32.5 per cent, but will be higher in Sri Lanka at 37.8 per cent As many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months (roughly till September), says a report by Asian Development Bank (ADB) and International Labour Organisation (ILO). India will be followed by Pakisan,...
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COVID-19 Impact: 41 Lakh Youth Lost Jobs in India, Says ILO-ADB Report
-TheWire.in/ PTI The young people's employment prospects in Asia and the Pacific are severely challenged due to the pandemic, the report found. New Delhi: As many as 41 lakh youth in the country lost jobs due to the COVID-19 pandemic while construction and farm sector Workers account for the majority of job losses, according to a joint report by the International Labour Organization (ILO) and the Asian Development Bank (ADB). “For India, the...
More »How the Supreme Court let down poor Workers during the pandemic -Gautam Bhatia
-Hindustan Times By effectively insulating employers from paying wages to Workers, it has reinforced an unequal power dynamic The coronavirus pandemic — and the measures taken by the central and state governments to contain it over the last five months — has led to widespread disruption across the country. A substantial part of this disruption is asymmetric in nature; that is, it has disproportionately affected vulnerable and marginalised people, those unable to...
More »Stories of distress from small borrowers -Sayantan Bera
-Livemint.com * Across India, women borrowers are finding it tough to repay small loans. The next few months will be critical * Unless there is a sharp recovery, MFIs and banks (with micro-loan portfolios) will have to restructure or write off loans though the situation will not be clear until November NEW DELHI: Sarama Koyal does not have a roof over her head. After the Amphan super cyclone ravaged her home in South...
More »There is confusion in the MIS data on approved labour budget and projected labour budget, says new tracker by Peoples' Action for Employment Guarantee
-Second MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 17th August, 2020 A MGNREGA tracker has been prepared by the Peoples' Action for Employment Guarantee (PAEG) that brings to you the latest developments, updates, and figures on the implementation of MGNREGA across the country till 3rd August, 2020. Given the significant role that MGNREGA is playing in the lives and livelihoods of rural Workers, PAEG intends to keep...
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