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Rs 1.7 lakh crore Covid-19 package: Many who have been hit still left out, relief too little -P Vaidyanathan Iyer

-The Indian Express The central government’s package, as it is, comes a week after Kerala first announced a Rs 20,000-crore support for its people. Many states including Uttar Pradesh, Uttarakhand, Punjab, Telangana and Rajasthan followed suit. The Rs 1.7 lakh crore economic package announced by Finance Minister Nirmala Sitharaman for the vulnerable sections — farmers, women, construction workers, senior citizens, widows and the disabled — is less than 1 per cent of...

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Coronavirus Lockdown Could Lead to Famine, Possibly Worse -Surajit Das

-Newsclick.in Clearly, more than half of the Indian population would not be able to stay at home for long. Compensating them would cost around Rs 3 lakh crore or 1.5% of our current GDP. Does this Government have the will? It is definitely easier for those whose income is not dependent on moving out, to stay put at home. Most casual labourers, those that are self-employed and daily-wage earners would not be...

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Unorganised workers have been hit hard, need direct payments, India Inc tells PM Modi -P Vaidyanathan Iyer

-The Indian Express Over the last few weeks, many daily wage labourers and part of the unorganised or informal sector could not find work because of the lockdown. AT LEAST six top corporate leaders are said to have recommended to Prime Minister Narendra Modi that the government should make payments to unorganised sector workers since they bear the brunt of the severe lockdown measures to arrest the spread of Covid-19 disease. N Chandrasekaran,...

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Economy infected: Task force has a prescription, concerns mount over delay -P Vaidyanathan Iyer

-The Indian Express Over the last one month, the government pulled out all stops to contain the spread of the Covid-19. During this period, economic ministries including Commerce and Industry, Heavy Industries, Road Transport, Civil Aviation, Pharmaceuticals and Consumer Affairs met and heard stakeholders. With Covid-19 wreaking havoc in Indian financial markets and global research and rating firms marking down GDP growth estimates by up to 100 basis points, Prime Minister Narendra...

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India adrift, optimism hard to sustain -Jean Drèze and Amartya Sen

-The Telegraph Prospects of the future damaged by failing development policy to collapsing democracy The recent estimate of GDP growth for the third quarter of 2019-20, at around 4.7 per cent, has prompted a predictable sense of gloom. However, even the 4.7 per cent estimate is deceptive, since in per-capita terms, the corresponding figure would be just above 3 per cent. This, sadly, is no more than half the growth rate of...

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