-The Indian Express PM wary of open-ended provisions: Fund for MSME with guarantee likely. AS the Covid pandemic and the prolonged lockdown batter all sectors of the economy, the government, sources said, is working on a rescue package that, for now, may address the needs of the micro, small and medium enterprise (MSME) segment rather than the larger corporate sector. More than six meetings have been held at the Prime Minister’s Office —...
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COVID-19 is wake up call for global food systems, say experts -Vineet Kumar
-Down to Earth Current industrial agriculture models drive habitat loss, create conditions for viruses to emerge and spread The novel coronavirus disease (COVID-19) has exposed a crisis in the global food system, the International Panel of Experts on Sustainable Food Systems (IPES-Food) — a panel of developmental economists, agronomists, nutritionists and sociologists from 18 countries — said in April 2020. The vulnerability of food systems to climate and disease-related disruptions was clear long...
More »Economic liberalisation and its faults -KM Gopakumar & Ranja Sengupta
-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...
More »Coronavirus: Industrial activity can be restarted in at least 15 sectors, says Industries Department
-The Hindu They are key to improve economic activity and liquidity, says Industries Ministry The Commerce and Industries Ministry has called for far-reaching measures to be taken to mitigate the effects of the COVID-19 lockdown, urging the Home Ministry to allow relaxations of the restrictions on a number of industry sectors. In a letter to Home Secretary Ajay Kumar Bhalla on Saturday, Industries Secretary Guruprasad Mohapatra said “more activities with reasonable safeguards must...
More »‘We are trapped’: Hunger is on the rise in Haryana’s industrial belt -Vijayta Lalwani
-Scroll.in Contract workers have not been paid full salaries and are uncertain about their future. Thirty-five-year old Surendra Shah has been eating smaller meals since the lockdown began. He eats only twice a day – at 9 am and later at 9 pm. Despite the frugality, the stock of flour in his home ran out on Thursday. He is left with barely any rice, a kilo of potatoes that he purchased for...
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