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No relief for the nowhere people -Ravi Srivastava

-The Hindu Policy responses to the migrant crisis reinforce the idea of two Indias Jamalo Makdam, 12, died on April 18 walking back from the chilli fields of Telangana to her home in Chhattisgarh. She and a group of other workers decided to return home on foot, as many migrant workers did, after losing their jobs, incomes and even accommodation following the announcement of a nationwide lockdown. Her journey ended in death,...

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COVID-19 Crisis: To Help Farmers, Government Must Expand Ambit of PM Kisan Scheme -Gargi Parsai

-TheWire.in Unlike other sectors, a large majority of the farming community do not have any savings to fall back upon. The COVID-19 pandemic has not only hit manufacturing, services and business but also pushed back the Narendra Modi government’s ambitious programme to double farmers’ income by 2022. From feeding a population displaced, dislocated and frozen in its tracks, to ensuring farmers stay afloat in the coming months, the government has a tough...

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COVID-19: What fiscal steps are needed to ensure food security -Gurpreet Singh and Nilachala Acharya

-Down to Earth Procurement at the doorstep, direct income support and reaching out to farmers can help in easing farming operations at this crucial time The extension of the nationwide lockdown to combat the novel coronavirus disease (COVID-19), though necessary, will lead to a further suspension of work and no wages and means for families to support themselves. The activities in manufacturing and services, that provide non-essentials, may be suspended, though with serious...

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Economic liberalisation and its faults -KM Gopakumar & Ranja Sengupta

-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous  Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...

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Banks red-flag looming retail loan default, push for 6-month moratorium -George Mathew & Anil Sasi

-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...

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