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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra

-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...

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More than 2.57 lakh people evicted in India during the pandemic; 21 people evicted from their homes every hour, says latest report

-Press release by Housing and Land Rights Network (HLRN) dated 9th September, 2021 Housing and Land Rights Network (HLRN), today, released its new report on forced evictions in India. Titled, Forced Evictions in India in 2020: A Grave Human Rights Crisis During the Pandemic, this report presents comprehensive data and an analysis of forced evictions and demolitions of homes of the urban and rural poor across the country in 2020. It...

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Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown

The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...

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Most households in rural Bihar faced livelihood crisis during the first wave of COVID-19, reveals a recent study

The pandemic's first wave had a devastating impact on the livelihoods of rural workers in Bihar (including the self-employed) last year, according to a survey based research, jointly done by economists from Centre for Development Economics and Sustainability at Monash University, Australia and the New Delhi-based Institute for Human Development. A recent press note issued by the authors of the study shows that almost 94.4 percent of the households participating...

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Jobs Lost, Dip in Income: Survey of Delhi Workers During Second Wave Paints Grim Picture

-Newsclick.in Conducted by the Delhi unit of the CPI(M) in the first two weeks of June this year, the survey reinforced the demand for schemes involving cash transfer and guaranteed employment in the national capital. A survey of the working masses in Delhi, conducted in the aftermath of the second COVID-19 wave earlier this year, has painted a stark picture of its impact on resident’s livelihoods, thereby reinforcing the demand for schemes...

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