-The Hindu As of August 10 this year, 34% transactions are still unpaid, says LibTech study Delay on the part of the Union Government in transfer of wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005, has further compounded the woes of thousands of workers during these difficult pandemic times. The Centre is taking 26 days on an average to complete the wage transfer to the NREGA workers...
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Latest available PLFS data sheds light on unpaid helpers in self-employment & underemployment among various types of workers
Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...
More »Most households in rural Bihar faced livelihood crisis during the first wave of COVID-19, reveals a recent study
The pandemic's first wave had a devastating impact on the livelihoods of rural workers in Bihar (including the self-employed) last year, according to a survey based research, jointly done by economists from Centre for Development Economics and Sustainability at Monash University, Australia and the New Delhi-based Institute for Human Development. A recent press note issued by the authors of the study shows that almost 94.4 percent of the households participating...
More »Out of nearly 2,000 people, 65% had no job in April and May, shows CPI(M) survey
-The Hindu CPI (M) report on imapct of 2nd wave across NCR The Delhi unit of CPI(M) on Friday released a report on the impact of the second COVID wave in Delhi-NCR. The survey showed that despite the additional ration entitlement announced by the government, 27% of the households got less than 5 kg ration per person in May this year. The survey also said out of 1,917 respondents across the Capital and...
More »Banks turn cautious on student loans -Sangeetha Kandavel and Sanjay Vijayakumar
-The Hindu There has been sharp rise in the NPAs amid COVID-19 pandemic With unemployment rising, the ability of those who have taken education loans to pay back has come down sharply. As a result, the non-performing assets (NPAs) have increased in the last one-and-a-half years. R. Nagarajan had taken a loan for his engineering course and started repaying it when he got a job at a start-up in the second half of...
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