-Newsclick.in Weavers in Prime Minister Modi’s constituency, reeling under the triple blow of demonetisation, GST and lockdown, are on a week-long token protest against hiked electricity bills. Lucknow: To keep his home fires burning, Mohammad Obaid had to sell three handlooms and a wrapping machine that he had bought with his hard-earned money following demonetisation (November 2016) and the imposition of goods and services tax (GST). Now, the coronavirus pandemic-induced over three...
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Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman -Somesh Jha & Subrata Panda
-Business Standard Govt likely to issue clarification to add more borrowers under ECLGS Finance Minister Nirmala Sitharaman on Monday held a review meeting with private banks and non-banking financial companies (NBFCs) to seek feedback to improve the Atmanirbhar Bharat Abhiyan economic package to deal with the impact of Covid-19. The private lenders asked the government to revisit some provisions in the Emergency Credit Line Guarantee Scheme (ECLGS), under which 100 per cent guarantee...
More »SWAN’s third report outlines the perpetual plight of migrants in terms of food shortage, income insecurity and travel difficulties during the lockdown
On June 5th this year, the Stranded Workers Action Network, comprising volunteers from various civil society groups, academics and students enrolled in university education, released its third report entitled ‘To Leave or Not to Leave? Lockdown, Migrant Workers, and Their Journeys Home’. Among other things, the latest report states that nearly four-fifth of migrant workers (out of 5,911) who called SWAN volunteers for help (altogether 821 distress calls were made)...
More »Coronavirus relief package: Why banking on fiscally conservative policies is imprudent -Pranab Bardhan
-Scroll.in Fiscally austere policies will only serve to further escalate the revenue shortfall and debt problems. Several economists and businessmen have expressed their disappointment with the contents of the Financial Package announced by the government to face the unprecedented economic crisis brought about by the Covid-19-induced lockdown, the suddenness and severity of which had itself surprised many epidemiologists. The callousness toward the migrants and lack of immediate preparation to send them back –...
More »Additional allocation for MGNREGA must be supplemented with steps to make it more effective -Rakshita Swamy
-The Indian Express With nearly eight crore migrant workers returning to their villages, and with an additional allocation for the year, this could be a moment for the true revival of MGNREGA. A revival led by workers themselves. The lockdown has resulted in a massive loss of livelihoods, and the 400-million strong unorganised workforce is the worst hit. A significant part of this workforce has migrated to cities from rural areas. With...
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