The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Women spend most of their daily time in unpaid domestic and care work, shows the latest Time Use Survey data
Among other things, one of the reasons (given by some economists) behind low labour force participation rate (LFPR) of women vis-à-vis men in the country is that more young girls are educating themselves, causing an improvement in the secondary and tertiary enrolment rates. It means that more Indian women are staying out of the labour force in order to continue their education – secondary education and / or college &...
More »Time poverty is making Indian women lose more money than ever -Jayati Ghosh
-ThePrint.in In ‘Labouring women’, economist Jayati Ghosh writes about what Indian policymakers are getting wrong in their measure of poverty. Among the various aspects of deprivation related to poverty and inequality, one aspect which has seldom attracted the attention of scholars and policy-makers equally is that of time poverty. Ignoring this important dimension actually results from a related and possibly more substantive deficiency: the inadequate conception of what constitutes work that underlies...
More »6 ex-bureaucrats move SC seeking judicial probe into Modi Govt’s ‘gross mismanagement’ of COVID-19, lockdown
-National Herald The plea says the Centre failed to “undertake timely and effective measures for containing transmission of disease within India” despite being notified about the same by WHO in January, 2020. Six retired bureaucrats have moved the Supreme Court seeking an independent inquiry by a Commission appointed under the Commissions of Inquiry Act, 1952, into the Central Government's "gross mismanagement" of the COVID-19 pandemic in India, legal news website LiveLaw.in has...
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