-Livemint.com * Rural unemployment rate has been growing for the last couple of weeks despite rural economy opening up gradually * Economists believe despite the opening up of the economy, it will take time for unemployment situation to come back to the pre-covid time NEW DELHI: India’s rural unemployment rate climbed to 25.09% in the week ended 24 May from 22.79% in the previous week, while urban unemployment rate declined by over four...
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Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma
-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the Narendra Modi government announced two policy measures that could have a direct impact on job creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...
More »Mass lay-offs likely in automobile sector in the Millennium City -Ashok Kumar
-The Hindu Lockdown slump may erase 20-30 lakh jobs, says expert Around 20-30 lakh workers, mostly contractual, could lose jobs in the Gurugram-Manesar-Bawal automobile belt due to slump in demand in the wake of COVID-19-induced lockdown, said Harbhajan Singh, chairman of Ease of Doing Business, CII, Haryana. Speaking to The Hindu, Mr. Singh, also former director of Honda two-wheelers, said that the Gurugram-Manesar-Bawal automobile belt, which employs around six million workers and is...
More »3.5 million new enrolments under MGNREGA, as ‘distressed’ workers return to villages -Chetan Chauhan
-Hindustan Times According to the Mahatma Gandhi National Rural Employment Guarantee Scheme website, around 3.5 million new job applications have come in the current financial year since April 1 till May 20. As many as 3.5 million new workers have sought jobs under MGNREGA since April 1, the highest number of applications in a decade, but there may not be enough work to engage them all, according to government data and officials...
More »The healthy way to fix the economy -Arjun Jayadev & Achal Prabhala
-Livemint.com * India must use this moment to redirect government energies towards truly improving public health for all * India has the legal and industrial infrastructure to produce high-quality and affordable medicines, but we have hobbled it. The Indian patent system needs urgent attention BENGALURU: As we enter the tenth week of lockdown, it is hard to get past debates on the effectiveness of India’s response to the coronavirus pandemic. The relatively low...
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