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Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso

-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...

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Growth matters but income levels matter more -M Suresh Babu

-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...

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School closure: One in three countries not implementing programmes to mitigate learning loss, says report

-PTI/ The New Indian Express At the same time, only one-third of countries are taking steps to measure learning losses in primary and lower second levels, mostly among high-income countries, the survey report stated. NEW DELHI: One in three countries where schools were or are still closed due to the Covid pandemic have not yet implemented remedial programmes to mitigate learning loss, according to a survey. The "Survey on National Education Responses to...

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Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh

-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...

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Several studies but one conclusion -- poorly planned COVID-19 induced national lockdown hurt the poor the most

The recent Supreme Court of India’s judgments (please click here and here) related to ensuring food security of the migrant and unorganised sector workers through the provision of dry ration, running of community kitchens and proper implementation of the 'One Nation One Ration Card' scheme should come as no surprise to us. A recent review of some of the robust studies, which relied on multi-state surveys (or reference surveys), having...

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