-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala Sitharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
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A plan to revive a broken economy -Harsh Mander, Jayati Ghosh and Prabhat Patnaik
-The Hindu There are clear, implementable steps the Centre can take in fiscal terms to revive the economy and support livelihoods The Prime Minister has just announced Lockdown 4.0. Despite some resulting increase in economic activity, vast numbers of working people will remain without their regular incomes. He also announced a package of ₹20 lakh crore, but this includes already allocated money of ₹6-lakh crore and monetary policy directives to banks and...
More »Choking the Lifeline of Rural Economy: MGNREGS during COVID-19 Lockdown -Manish Kumar
-Vikalp.ind.in When the entire country is under a lockdown and many economic activities stopped, thousands of unemployed workers are returning to their home states due to lack of money and food. In such a situation, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) could have played a very important role in generating income and demand in the economy. However, the official data available from the MGNREGS website of the Ministry...
More »Smoke, mirrors and Modi: A grand illusion of governance -Samar Halarnkar
-Scroll.in Emotion and grand political statements may normally distract and attract voters. In a crisis, they are poor substitutes for governance. It is now 41 days since the government told the Supreme Court that there were no migrant workers on the road any more. “They have been taken to the nearest available shelter”, and 2.3 million were being fed, India’s Solicitor General told the judges, who – in a now familiar routine...
More »An open-ended, expanded employment guarantee at minimum wages should be its centrepiece -Nikhil Dey and Aruna Roy
-The Indian Express It is a cruel irony that after the sacrifice they have been asked to undertake, they don’t even get the safety of physical distancing. Workers have lost hard-won rights, despite labour being the biggest contributor to the Indian growth story. There are no labour-day rallies, celebrations or meetings this year as everyone is under lockdown, fighting the coronavirus through physical distancing. Nevertheless, it is a day for totting up...
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