-The Hindu Business Line Despite the lockdown, India’s trade balance in April and May turned positive. This has been achieved by a sharper decline in imports, pointing towards a contraction of demand in the real economy The RBI has released India’s balance of payments data for the fourth quarter (January-March) of 2019-20. It shows that during this quarter, India has managed a small current account surplus which is around 0.1 per cent...
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Large sections of poor are unlikely to benefit from extension of food grains scheme -Swati Narayan
-The Indian Express Expansion and universalisation of the PDS, pensions, cash grants and employment guarantee schemes in both urban and rural areas are essential to tide through these difficult times. The Prime Minister’s extension of free food grains for 800 million Indians till November is undoubtedly a relief. The granaries of the Food Corporation of India (FCI) are overflowing with more than 100 million tonnes of food grains. But the economy has,...
More »PM's One-Nation, One-Ration Scheme - What Not To Do -Reetika Khera
-NDTV On March 26, the Finance Minister made the announcement of doubling the entitlements of PDS ration card holders for the months of April-June. Since then, it has been clear that the PDS has served as a lifeline for millions of Indians who were left high and dry when the sudden and complete lockdown had been announced two days prior. As we approached the end of June, pressure had been mounting to...
More »COVID-19 rural crisis: Why MGNREGA needs a harder push -Debmalya Nandy
-Down to Earth MGNREGA workers across the country on June 29 staged peaceful demonstration, raised demands for higher benefits and wages The nationwide lockdown imposed to curb the spread of the novel coronavirus disease (COVID-19) left Mahatma Gandhi Employment Guarantee Act 2005 (MGNREGA) workers in the lurch. Thousands such workers, facing an economic crisis, have demanded an increase in the annual guarantee of work to 200 days per person. The workers from across...
More »Weavers in Varanasi Pawn Jewellery, Houses for Survival - Abdul Alim Jafri
-Newsclick.in Weavers in Prime Minister Modi’s constituency, reeling under the triple blow of demonetisation, GST and lockdown, are on a week-long token protest against hiked electricity bills. Lucknow: To keep his home fires burning, Mohammad Obaid had to sell three handlooms and a wrapping machine that he had bought with his hard-earned money following demonetisation (November 2016) and the imposition of goods and services tax (GST). Now, the coronavirus pandemic-induced over three...
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