-IndiaSpend.com More younger workers, and women, lost jobs and struggled to recover them. Even after employment rates recovered, quality of employment deteriorated, with individuals moving into less secure self-employment in agriculture, construction and small-scale trade. Bengaluru: The COVID-19 pandemic has delivered a large and sustained economic shock to the Global Economy. In India, the effect can be broadly divided into two phases--the shock of the nationwide lockdown in the months of April...

-The Hindu Without regulation, the situation could spiral out of control Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s rising pre-pandemic gig economy in education. When authorities at the institution discovered the racket, they suspended him. This is a cautionary tale for the global...

A recent report by Christian Aid -- an international NGO based out of London -- says that the world was not just hit by the COVID-19 pandemic in 2020, it actually faced massive loss of lives and livelihoods owing to the intensification of the ongoing climate crisis. Climate-related disasters varied from fires in Australia and the United States, floods in China, India and Japan to storms in Europe and the...

-Down to Earth There is an urgency to adopt global labour standards and improve national-level labour registries for home-based workers, organisation says in its new report There is a need to develop effective policies for home-based workers and ensure their proper implementation even as the practice had increased since the novel coronavirus disease (COVID-19) pandemic, the International Labour Organization (ILO) said in a new report. Just 10 countries had ratified the Convention on...

-Down to Earth The number of pandemic-induced new poor is forecast to rise to 143-163 million in 2021 The novel coronavirus disease (COVID-19) pandemic, which forced economies around the world to lock down last year, may have increased global poverty by 119 million-124 million, according to updated estimates by World Bank. This includes the 31 million people who would have moved out of poverty (measured at the international poverty line of $1.90, or...