-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...
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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...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Why the Haryana Govt Must Not Evict One Lakh Residents of Khori Gaon -Manju Menon and Ishita Chatterjee
-TheWire.in It is very important that a full plan is created to address this crisis while keeping twin objectives of forest conservation and social housing at its centre. On June 7, Supreme Court reiterated its order of February and April 2020 to evict the Khori Gaon basti on the Delhi-Haryana border, falling within the Faridabad Municipal Corporation (FMC) jurisdiction. The eviction orders are premised on a set of cases heard in the...
More »92% of workers stopped receiving payment from employers: Report
-The Hindu SWAN, which relaunched its helpline in April, releases findings based on over 8,000 callers Bengaluru: Migrant workers, one of the more vulnerable groups left in lurch during the national lockdown called by the Centre last year, are facing another crisis during the second wave of COVID-19. This time around, the problem is compounded by a lack of Savings, which they used up last year. Around 92% of the country’s workforce who...
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