-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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Jean Drèze, economist and honorary professor at the Delhi School of Economics, interviewed by Down to Earth
-Down to Earth The Government of India amended the payment procedure for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) some time ago. Due to this, MGNREGA workers in the states and Union territories faced a delay in their wage payment. This delay came at a time when the second wave of the novel coronavirus disease (COVID-19) was wreaking havoc across the country. MGNREGA was started in 2006. Economist and honorary...
More »Politics Behind The Creation Of Ministry Of Cooperation With Amit Shah In Driver’s Seat -Syed Khalique Ahmed
-IndiaTomorrow.net NEW DELHI: Many people were surprised when Union Home Minister Amit Shah was given the additional charge of the newly created Ministry of Cooperation. The Cooperation Ministry was earlier a part of the Ministry of Agriculture. But it was no amazement for those acquainted with how the cooperative movement plays a role in politics – state as well as national politics – and how BJP used the cooperatives from the state...
More »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...
More »The pandemic in data: How Covid-19 has devastated India’s economy -Swati Dhingra & Maitreesh Ghatak
-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...
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