-The Hindu An opening up has to be accompanied by an increase in relief budget for the most vulnerable After a 39-day lockdown, what will be the shape of things to come? How should one strike a balance between ensuring livelihoods, minimising strife, and maintaining social distancing? In a discussion moderated by G. Ananthakrishnan, Reetika Khera, and Giridhar R. Babu examine the options. Edited excerpts: * With less than a fortnight left for...
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Why India Should Support an SDR Issue by the International Monetary Fund -Jayati Ghosh
-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...
More »India can’t bear the costs of the lockdown anymore -Shashi Shekhar
-Hindustan Times It is causing grave anxiety, Unemployment, and can undermine the nation’s agriculture and industry sectors On Sunday afternoon, an SUV tried to enter the sabzi mandi in Patiala. The Punjab police personnel on the premises tried to stop the vehicle. The driver veered into the barricades and tried to push on ahead. But since the barricade got entangled with the car, it got stuck. Upon this, five Nihangs ( a...
More »India lost more jobs due to coronavirus lockdown than US did during Depression -Yogendra Yadav
-ThePrint.in New CMIE data shows mind-boggling rise in Unemployment since India imposed a nationwide lockdown due to the coronavirus pandemic. Modi government must step in. While we wait to get a clearer picture of the health coronavirus curve in India, we already have the first estimate of the job-destruction caused by the nation-wide lockdown. The numbers are staggering, worse than anything the world has ever known. More jobs were lost in India...
More »Urban joblessness up 22%, experts fear gains against poverty to be wiped out -Seema Chishti
-The Indian Express An estimated 50 million people are believed to have lost their jobs in just two weeks of the lockdown. The CMIE data showing rise in Unemployment in urban areas by more than 22 per cent between March 22 and April 5 confirms that the lockdown prompted by coronavirus will wipe out the tremendous gains made by India in being the only country apart from China to lift millions out...
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