-The Indian Express The usage of cash and other cash-based services, however, dipped during the period, the data showed. New Delhi: The month of March, in which the national lockdown began, saw a sharp rise in digital financial transactions countrywide, according to data accessed by The Indian Express. According to the latest Reserve Bank of India (RBI) data, the total value of Real Time Gross Settlement (RTGS) transactions — the biggest online payment...
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Hans Timmer, World Bank's Chief Economist for South Asia, interviewed by Suhasini Haidar (The Hindu)
-The Hindu Disruptions in the supply chain and panic buying can lead to price spikes: Hans Timmer In a report released this month, the World Bank has predicted a ‘dire’ situation for South Asia due to the economic impact of measures to counter the novel coronavirus pandemic, suggesting that the eight SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Maldives and Sri Lanka) will experience their worst economic performance in 40 years,...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
More »Statesmanship requires taking people along; when basic security is denied, hope dies -Nikhil Dey & Aruna Roy
-The Indian Express Prime Minister demanded discipline and sacrifice from the people, while offering no measures to alleviate distress of those who have lost their dignity and livelihoods. Millions of migrant workers, and other vulnerable groups, have lost their livelihoods, income security, and sense of dignity in three short weeks. They knew that they were vulnerable to the virus, but for them, the cure of an extended lockdown is already worse than...
More »Will Migrant Workers and Their Grievances Always Be Invisible to the Public Eye? -Manish K. Jha and M. Ibrahim Wani
-TheWire.in The momentary attention to the migrant exodus was overshadowed by other spectacles that were easily perceived as communal, suited to deflect attention and which positioned the state as proactive. We live in a society that significantly values media spectacles. Spread of disease, risk of contagion, and the plight of migrant labourers become worthy of attention only when a spectacle is made. The representations of migrant’s transit and associated tribulation have emerged...
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