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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Minimum Floor of Dignity for Migrant Workers -Amitabh Behar
-NDTV.com blog The devastation and suffering due to the Covid pandemic is unparalleled and continues to unfold in its multiple dimensions. Amidst this colossal misery in India, the most excruciatingly vivid and heart-wrenching has been the migrant crisis triggered as a consequence of a sudden lockdown. As a nation, we witnessed the unfolding of the harrowing tragedy of migrant workers, where millions of them, particularly in our metro cities, were rendered...
More »The awkward myth of a revival in the country’s rural economy -Himanshu
-Livemint.com Low incomes and poor farm-gate prices capture the reality of relentless distress in our hinterland National accounts data released last month estimated that the economy has contracted by 7.5% in the second quarter of 2020-21 compared to last year. For many, this was a sign of recovery, given expectations that India’s gross domestic product (GDP) would contract by around 10%. It is, no doubt, an improvement from the 23.9% GDP decline...
More »Jharkhand: wages Unpaid for 9 Months, 250 Pakur Forest Workers Move HC
-TheWire.in In spite of having been crippled by a lack of funds to his department, forest range officer Anil Kumar Singh had been paying labourers out of his own pocket. New Delhi: Nearly 250 labourers who worked in a range of the Pakur Forest Division in Jharkhand have filed a public interest litigation in the Jharkhand high court, hoping to be paid wages due for the past nine months, Indian Express has...
More »Govt citing lack of fiscal space for reluctance to provide adequate support to economy is odd -Jahangir Aziz
-The Indian Express What needs to be ensured is that the recovery is not hamstrung by damaged household and SME balance sheets because of the extended loss of wages and incomes. This requires extensive income support now. Sometimes we miss the forest for the trees, and at other times the trees themselves become the story. That seems to be the case with India’s 3Q20 GDP print. Some have exulted over headline growth printing...
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