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Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this -Ila Patnaik and Radhika Pandey

-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...

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PM's address to nation: Top 5 announcements in Modi's speech today -Vivek Punj

-Livemint.com * Centre to take over vaccination programme from states, provide free jabs to Indians aged 18 years and above * PM Garib Kalyan Anna Yojana extended till November this year, to benefit 80 crore Indians Prime Minister Narendra Modi announced a slew of decisions on Monday regarding the vaccination drive against coronavirus. The Prime Minister announced that central government will take back control of the vaccination programme from states and provide free...

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The Myth Of ‘Ethical’ Fashion: How a Multinational Clothing Brand Neglected its Women Workers -Swathi Shivanand

-TheWire.in The COVID-19 pandemic has been used as an excuse to hide anti-worker actions by apparel brands and their supplier factories. “Where are you hiding, H&M?… If you don’t come out and stand with us now, it means you are complicit in union busting and closure of the company. Your profits are made on the sweat of our labour…Please ask Gokaldas to reopen the factory.“ On 7, July 2020 Shobha, a laid-off worker...

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US vaccine ‘gift’ to India may not be substantial -Suhasini Haidar

-The Hindu Vaccine gifts of 2-3 million doses may have little impact on India: officials The government on Friday welcomed the U.S. decision to lift restrictions under its Defence Production Act on the export of vaccine ingredients to AstraZeneca vaccine manufacturers worldwide, which would help the Serum Institute of India produce more doses. However, Washington’s announcement of gifting India and dozens of other countries with a first tranche of 25 million doses of...

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Cases of digital frauds surge during pandemic; Mumbai, Delhi and Chennai top chart

-Moneycontrol.com The share of suspected fraudulent digital transaction attempts originating from India increased 28.32 percent over the 12 months ending March, 2021 compared with the previous 12 months, according to a report. With the increased usage of digital channels for payments during the COVID-19 pandemic, attempts of digital fraud have been on the rise in India as in the rest of the world, according to recent reports by TransUnion and ACI Worldwide....

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