-The Hindu Rising fuel prices remain a festering pressure point for households The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday. While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share...
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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra
-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...
More »More than 2.57 lakh people evicted in India during the pandemic; 21 people evicted from their homes every hour, says latest report
-Press release by Housing and Land Rights Network (HLRN) dated 9th September, 2021 Housing and Land Rights Network (HLRN), today, released its new report on forced evictions in India. Titled, Forced Evictions in India in 2020: A Grave Human Rights Crisis During the Pandemic, this report presents comprehensive data and an analysis of forced evictions and demolitions of homes of the urban and rural poor across the country in 2020. It...
More »How school closures have hurt our less fortunate students more -Rukmini S
-Livemint.com Beset by poor technology access and ineffective online classes, students from poor households have lost reading abilities significantly, suggests a new survey covering 15 states. The losses are much more stark for students from marginalized communities With most Indian schools shut for the past year and a half, children from poor households, particularly those from marginalized backgrounds, are rapidly forgetting what they had learned before the pandemic, new survey data suggests. Less...
More »Official data corroborates deepening of livelihood crisis in urban areas during the 2020 nationwide lockdown
The recently released quarterly Periodic Labour Force Survey (PLFS) data broadly confirms the dip in employment and jobs during the countrywide lockdown period, followed by a certain degree of recovery in the post-lockdown months last year as have been indicated by various survey-based studies and research papers. The quarterly bulletin on PLFS provides data on key employment and unemployment indicators i.e. Unemployment Rate (UR), Worker Population Ratio (WPR) and Labour...
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