-Press release by NREGA Sangharsh Morcha dated 30 January, 2022 The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time with the pandemic acting as a catalyst in increasing the woes of such households. In a latest round of survey conducted by People’s Research on...
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How agri credit is a source of survival for small farmers -Radheshyam Jadhav
-The Hindu Business Line A majority of them take loans from moneylenders and for non-agricultural needs A few years ago when Chayatai Parkhi’s husband Ashok ended his life as he was unable to pay debt taken from banks and moneylenders, Chayatai was forced to take another loan from a moneylender to perform a series of religious rites after the cremation of her husband. Ashok had taken a loan for his daughter’s marriage...
More »How the Code on Wages ‘legalises’ bonded labour -Soumya Sivakumar
-The Hindu It allows employers to extend unlimited advances to workers and charge an unspecified interest rate on such loans Debt bondage is a form of slavery that exists when a worker is induced to accept advances on wages, of a size, or at a level of interest, such that the advance will never be repaid. One of India’s hastily-passed Labour Codes — the Code on Wages, 2019 — gives legal sanction...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »Southern states had a higher proportion of indebted farm households in 2019, shows NSO survey
The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and indebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...
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