-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Lockdown led to massive job losses, show early results of an ongoing telephonic survey
Preliminary results of an ongoing study by the Centre for Sustainable Employment of Azim Premji University (APU) indicate that the lockdown has had a devastating impact on the livelihood security of the working people. The survey is currently being conducted across the country by the Centre for Sustainable Employment along with civil society organisations. Impact on livelihoods Analysis of preliminary data collected through telephonic interviews between 13th April, 2020 and 9th May, 2020...
More »Covid-19 in India: Food prices surge 3 times as supply chain takes a hit -Zia Haq and Anisha Dutta
-Hindustan Times Three main factors are driving food prices higher, according to data from the consumer affairs ministry, as well as a dozen agricultural produce market committees (APMCs), which are state-regulated wholesale points. New Delhi: The prices of key staples, barring cereals, have surged nearly three times from a month ago because of a noticeable supply shock amid the three-week nationwide lockdown to fight the coronavirus disease (Covid-19) pandemic, according to official...
More »Farmers are at their wits’ end -R Ramakumar
-The Hindu As global trade falls and supply disruptions persist, a prolonged lockdown will adversely affect food security The COVID-19 pandemic has led to global concerns on the state of agriculture and food security. On the one hand, the Food and Agriculture Organization (FAO) has warned of a “food crisis” if countries do not protect vulnerable people from hunger and malnourishment. On the other, farmers face a stalemate as they are unable...
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