-TheWire.in New Delhi shouldn’t ignore the interests of developing economies over worries that the funds may be used for ‘extraneous reasons’. The Global Economy is in the grip of an unprecedented crisis, once never experienced before in its history. The virus pandemic has yet to run its course in most countries, but meanwhile, the containment measures – which have involved major restrictions on mobility, gatherings and economic activity – have already imposed...
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A long haul, spend wisely, but don’t skimp on the truly needy -Amartya Sen , Abhijit Banerjee & Raghuram Rajan
-The Indian Express Amartya Sen, Raghuram Rajan, Abhijit Banerjee write: As it becomes clear that the lockdown will go on for quite a while, the biggest worry right now, by far, is that a huge number of people will be pushed into dire poverty or even starvation by the combination of the loss of their livelihoods and interruptions in the standard delivery mechanisms. We in India worry a lot about the possible...
More »Amid COVID-19 Effects, Executive Orders To Fast-Track Labour Codes -Sunil Prabhu
-NDTV Amid an expected global downturn of economy following the COVID-19 pandemic and the related lockdown, the outlook for India has been particularly gloomy. New Delhi: The coronavirus and the subsequent lockdown has pushed the government to take the ordinance route to formulate three of the four labour codes it is planning. The codes have already been introduced in parliament. One of them - the code on wages, which clubs together the...
More »COVID-19: UN Report Says About 400 Million Indian Workers May Sink Into Poverty
-PTI/ NDTV The International Labour Organization (ILO) in its report titled 'ILO Monitor 2nd edition: COVID-19 and the world of work', describes coronavirus pandemic as "the worst global crisis since World War II". United Nations: About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million...
More »The Covid-19 Pandemic and Indian Agriculture: A Note -R Ramakumar
-Foundation for Agrarian Studies blog The world is sliding rapidly towards a recession. The Covid-19 pandemic will shut down large parts of the world economy for at least a few months more. IMF managing director Kristalina Georgieva stated on March 23, 2020 that the outlook for global growth in 2020 was “negative.” Recovery, if any, is expected only in 2021. According to the International Labour Organisation (ILO), the rise in unemployment...
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