-Scroll.in In absence of any overarching policy protecting them, home-based workers are one of the worst affected in the coronavirus pandemic. Around 41.85 million workers in India work from their homes as home-based producers. They have always done so, even before the pandemic. The poor quality of their homes and the deficits in housing and urban infrastructure policies have grave economic consequences for them, which are being exacerbated by the Covid-19 crisis. At...
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Before we blame forest-dwellers for ‘poaching’ during the pandemic, we must recognise our own hypocrisy -Meera Anna Oommen and Kartik Shanker
-The Hindu Forest communities are being seen as the primary drivers of denudation during lockdown, while we continue to ignore the impacts of fast-tracked environmental clearances for dams and mines A photograph of a young man, presumably tribal, or a returning migrant, or both, with the carcasses of two hares slung over his shoulder, was recently emblazoned on the cover of a report by a reputed wildlife NGO. The report — based...
More »India’s descent into stepwells of growth -Kaushik Basu
-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s growth in the coming year from -5.8% to -8.5%....
More »RBI may not extend moratorium on repayment of loans beyond Aug 31: Report
-Business Standard The six-month moratorium period comes to an end on August 31 The Reserve Bank is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit behaviour of borrowers without resolving the issues being faced by them following the outbreak of the Covid-19, sources said. The RBI had announced a moratorium on repayment of debt for six months beginning March 1, 2020...
More »Govt blames Covid, but payment stalled year ago -Aanchal Magazine
-The Indian Express The economic slowdown, which has been underway for almost three years now, began to adversely impact GST revenue collections in August last year. While the Centre Thursday chose to pin much of the blame for the delays on GST compensation payments to the slowdown inflicted by the pandemic, the delays preceded the Covid-19 shock by almost a year – when payments due for August-September 2019 got delayed. Since then,...
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