-Livemint.com * Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually * Economists believe despite the opening up of the economy, it will take time for unemployment situation to come back to the pre-covid time NEW DELHI: India’s rural unemployment rate climbed to 25.09% in the week ended 24 May from 22.79% in the previous week, while urban unemployment rate declined by over four...
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Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma
-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the Narendra Modi government announced two policy measures that could have a direct impact on job creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...
More »The lockdown has highlighted stark inequalities -Zoya Hasan
-The Hindu Instead of embracing the welfare state path, the BJP government is encouraging greater privatisation The novel coronavirus is a global threat, but the pandemic has had an uneven impact across countries and within countries. Historically, social inequality has always been extreme in India. However, the lockdown has sharpened the edges of inequality even further, especially because of the way it has been implemented. Many countries have imposed lockdowns but not...
More »Why India’s migrants deserve a better deal -Priya Deshingkar
-Livemint.com * Roughly 100 million migrant workers are directly responsible for 10% of the GDP. Why are they still so invisible? * There has been an unwillingness to collect better data on circular migrants and understand how they affect the economy. This is shocking for a country that runs on migrant labour BRIGHTON/ LONDON: Images of stranded migrants and their long arduous journeys back home will remain seared in our collective memories of...
More »Job Losses Soar as Modi Govt Continues to Grope in the Dark -Subodh Varma
-Newsclick.in In April alone, over 12 crore jobs were estimated to have been lost, and unemployment is at over 27% in the beginning of May. After the loss of nearly 80 lakh jobs in March, most of them in the last week after the countrywide lockdown was suddenly announced by Prime Minister Narendra Modi on March 24, latest data collected by CMIE or Centre for Monitoring Indian Economy through their periodic sample...
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