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Women have borne brunt of wage decrease due to COVID-19, says ILO -Damini Nath

-The Hindu Their working hours were reduced, says agency in report Women and lower-paid workers have disproportionately borne the brunt of the decrease in wages due to the COVID-19 crisis as their working hours were reduced, according to the International Labour Organisation’s (ILO) Global Wage Report 2020-2021. The report, released on Wednesday, said global wage growth fluctuated between 1.6% and 2.2% in the four years preceding the pandemic, that is 2016 to 2019. “In...

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USD 271 bn consumer spending to shift from cash to cards,digital payments by 2023 in India:Accenture

-PTI/ The Hindu The report is based on a survey of 120 payments executives at banks globally regarding the transformation of their payments business About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday. This rapid shift to digital payments due to the COVID-19...

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Do We Really Know Why COVID-19 Spikes In Some Places? -Rukmini S

-IndiaSpend.com Chennai: About 10 months, nine million cases and over 130,000 deaths later, India does not yet know enough about why the SARS-CoV-2 virus that causes COVID-19 affected whom it did, and how it did that. There is wide variation in the spread of COVID-19 between states. Areas with higher population density are expected to have more cases, but varying testing rates could be affecting case detection. While the elderly and those...

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Farmers developing own soya, onion seeds worry companies -Radheshyam Jadhav

-The Hindu Business Line Early germination failure of soyabean seeds this July saw farmers join hands against seed companies; farmer organisations and political parties now seem to have thrown in their hats Pune: An increasing number of soybean and onion farmers deciding to develop seed plots, so that they don’t have to buy seeds from private seed companies, has the seed industry worried. Maharashtra agriculture department is encouraging farmers to develop their own...

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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...

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