-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the SECond global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...
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COVID-19 Lockdown Cost Livelihood of 78% Informal SECtor Workers, Says Survey
-Newsclick.in Among the total respondents, 15% are from scheduled tribes and 39% are scheduled castes, which is higher than their proportion in the country’s population. The COVID-19 pandemic has thrown the workers, especially in the informal SECtor, into a deep crisis. A recent report “Workers in the Time of COVID-19" on informal workers says that more than 78% of workers have lost their livelihoods since the pandemic-induced lockdown. The survey by ActionAid India...
More »There is confusion in the MIS data on approved labour budget and projected labour budget, says new tracker by Peoples' Action for Employment Guarantee
-SECond MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 17th August, 2020 A MGNREGA tracker has been prepared by the Peoples' Action for Employment Guarantee (PAEG) that brings to you the latest developments, updates, and figures on the implementation of MGNREGA across the country till 3rd August, 2020. Given the significant role that MGNREGA is playing in the lives and livelihoods of rural workers, PAEG intends to keep...
More »Can a democracy fully function without a set of universal economic rights? -Prabhat Patnaik and Jayati Ghosh
-Livemint.com As India celebrates its 74th Independence Day, its citizens need to take a hard look at the relationship between their democratic rights and basic economic SECurity While the need for instituting a set of fundamental political rights is generally recognized and enshrined in all democratic Constitutions, there has scarcely been any similar recognition of the need for a set of fundamental economic rights. On the contrary, serious theoretical reservations have been...
More »Should early child care centres be opened sooner? -Ramya Kannan
-The Hindu A decision on this can be taken only when the pandemic begins to subside. The world is still struggling to come to terms with the unprecedented impact that COVID-19 has had on every aspect of human life. The pandemic has forced cities and towns to go into lockdowns. The attendant side effects — including the rather sudden withdrawal of certain social support services — have affected large groups of people....
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