-The New Indian Express The CM said his govT decided to waive off loans amounting to Rs 520 crores with respect to the principal amount against their cooperative loans as of July 31, 2017. CHANDIGARH: Asserting his continued support to the farmers agitating against the three farm laws, Punjab Chief Minister Capt Amarinder Singh on Friday launched a Rs 520 crore debt relief scheme for 2.85 lakh farm labourers and landless farmers....
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Here's What We Know About COVID's Impact on India's Workers – and What We Can Do About it -Rosa Abraham and Amit Basole
-TheWire.in The pandemic disproportionately impacted women and young workers. A school bus driver is struggling to make ends meet driving a tempo for hire, purchased with an informal loan; a five-star chef is volunteering for an NGO preparing cooked meals for distribution in the slums of Bangalore; and an MCA degree-holder is working as a door-to-door water purifier technician. These and many more such anecdotes give us a glimpse into the disruption...
More »With its economic policy, the government confronts political risks -Roshan Kishore
-Hindustan Times Those sympathetic to the establishment argue that had it not been for the second wave, the economy would have been in a much better shape. Those who disagree claim that even the sequential recovery which was achieved was profit-led and inequality-generating in nature On June 28, finance minister Nirmala Sitharaman announced an economic package to deal with the adverse effects of the second wave of the pandemic. The contours of...
More »How Relief And Support Systems Failed Migrant Workers Again -Shubham Kaushal and Vikas Kumar
-IndiaSpend.com Massive job losses, up to 51% decline in earnings and reduced food intake--migrant workers struggled to survive through the recent lockdown in Gujarat, finds a study. Migrants received no relief during the second wave, and the measures taken in the last lockdown were not adequate, it shows Ahmedabad: Migrant workers were weeks from running out of food, struggled to access healthcare and faced acute livelihood problems during the partial lockdowns imposed...
More »How India's Financial Inclusion Infrastructure Failed During the Pandemic -Isabelle Guérin, Nithya Joseph and G Venkatasubramanian
-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap loans. India was no exception to...
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