-Scroll.in Migrant workers allege the administration stopped serving them food after shelters were set ablaze on Saturday. The Banks of the Yamuna in Delhi have swollen up with men who cannot go home. On Tuesday afternoon, some lay curled over nothing more than a gamcha or cloth towel. A few guarded their bags and belongings by using them as pillows. Others had nothing on them apart from their clothes. Hundreds of these daily-wage...
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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...
More »Jean Drèze, Belgian-born Indian economist and right-to-food activist, interviewed by Preetha Nair (Outlook India)
-Outlook India Indian Economist Jean Drèze, in an interview with Outlook, says that because of the Coronavirus lockdown, there won’t be any employment under MNREGA now and Bihar will be the worst-hit. Belgian-born Indian economist, Jean Dreze, says that the central government needs to take immediate measures to address the situation that has emerged in the wake of mass exodus of migrant workers due to the Coronavirus lockdown. In an interview with...
More »Borrowers to be charged interest for 3-month moratorium period: RBI
-The Hindu RBI told Banks that they could shift the repayment schedule for loans and the residual tenor across the board by three months after the moratorium period. Banks which give borrowers a three-month moratorium on repayment of loans will continue to charge interest on the outstanding portion of the loans during this window period, the Reserve Bank of India clarified on Friday evening. The 3-month moratorium on repayment of loans - including...
More »FM’s announcement of Rs 1.7 lakh crore in the wake of COVID-19, is less than half of the Rs. 3.75 lakh crores required to fulfill the minimal “emergency measures”, convey concerned citizens & grassroots activists
-Press releases by NREGA Sangharsh Morcha dated 26th March, 2020 Civil society activists and concerned citizens have responded to the emergency measures that were announced by the Finance Minister on 26th March, 2020 for the poor, the vulnerable and the migrant & informal workers. An open letter by NREGA Sangharsh Morcha -- an umbrella organisation of CSOs and social activists working for the unorganised sector and MGNREGA workers -- has been issued...
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