-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...

-Leaflet.in Informal migrant workers in metropolitan cities of India have faced multiple forms of vulnerabilities in the last two years of the pandemic. Linkages across schemes for such workers are absolutely critical to creating a social security net that protects them from falling into similar cycles of poverty and destitution during macro and micro economic distresses. ON the occasion of International Labour Day, or ‘May Day’, we explore the dimensions of vulnerabilities...

-The Hindu State governments were facing a shortage of Rs.9,682 crores as on November 26, 2021, says advocate Prashant Bhushan. The Supreme Court on Wednesday agreed to list an application mentioned urgently by advocate Prashant Bhushan highlighting a "grave crisis" concerning crores of rural poor who were not getting their wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) even as the COVID-19 pandemic had driven them to the brink...

-The Hindu Genuine labourers not getting their dues while money keeps changing hands due to collusion of unscrupulous elements, says report Fake job cards, widespread corruption, late uploading of muster rolls, and huge pending payments for wages and materials are among the issues hampering the MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) scheme, apart from insufficient funding, according to a Parliamentary Standing Committee report submitted to the Lok Sabha today. The...

In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...