-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
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How has NREGA fared during lockdown? -Vani Viswanathan, Sultan Ahmad and Aaditeshwar Seth
-IDROnline.org Often the sole source of income for rural households, NREGA has been plagued with issues during the pandemic. Insights from the ground explain why. During the lockdown, an estimated 20 to 30 million migrant workers returned home, out of work and out of money. Some of them tried helping their families with farming and some even used the skills they had developed to set up new enterprises. But most remained jobless....
More »It’s Time for a 10-Year-Plan that Says How Much Rice and Wheat Will Be Procured From Each State -Siraj Hussain and Jugal Mohapatra
-TheWire.in Though there is no road map to reduce the production of wheat and rice, it is now possible to reduce India's dependence on Punjab and Haryana for food security by procuring from non-traditional states. Since the enactment of three agriculture legislations by the Centre in September, sections of the media have rightly or wrongly projected Punjab, and to a much lesser extent Haryana, as a villain. This has led many to believe...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Festive season opens up gig economy jobs, brings respite to the jobless -Arnab Mitra
-The Indian Express As per a report by Betterplace, around 14 lakh jobs will be created in 2020 for blue-collar workers, adding that 80 per cent of the overall demand comes from the gig economy New Delhi: After facing a lay-off in May, Bengaluru-based software engineer Ridhhi Sharma was unemployed for six months. He tried searching for a new position but could not find a suitable one. However, the festive season turned...
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