-The Hindu Financial packages in place as early as March, court told The Centre took strong objection to averments made in the Supreme Court on Thursday that it would not have budged to protect borrowers from financial ruin triggered by the COVID-19 lockdown, had the court not intervened on time. Appearing before a Bench led by Justice Ashok Bhushan, Solicitor General Tushar Mehta said submissions like that were painted in “political colour”. Mr. Mehta...
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How has NREGA fared during lockdown? -Vani Viswanathan, Sultan Ahmad and Aaditeshwar Seth
-IDROnline.org Often the sole source of income for rural households, NREGA has been plagued with issues during the pandemic. Insights from the ground explain why. During the lockdown, an estimated 20 to 30 million migrant workers returned home, out of work and out of money. Some of them tried helping their families with farming and some even used the skills they had developed to set up new enterprises. But most remained jobless....
More »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 »Can the right to work be made real in India? -G Sampath
-The Hindu It can be made workable if there is political will and fiscal resources As economies around the world struggle to recover from the double whammy of a pandemic and a lockdown, unemployment is soaring. In India, the land of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the promise of jobs and the politics of unemployment have a long history. Can a citizen demand work as a right, and...
More »Rajasthan’s Migrant Workers Adapt In Changing Job Market -Sunaina Kumar
-IndiaSpend.com New Delhi: At 7 a.m. every day, Vala Ram Gameti, 32, sets off from his home at Koviya village in southern Rajasthan to the nearest market, about 3 km away. He takes an hour for the day’s prep--chopping onions, carrots, cabbage, and stewing sauces. By 9 a.m., he pulls up the shutters of Bankyarani Chinese Corner, “the first-ever Chinese food stall in the area” as he proclaims it to be....
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