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Need new stimulus of Rs.10 lakh crore: Economists Collective

-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...

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Punjab: Labour Shortage in Lockdown Reveals Fissures in Farm Economy Ahead of Paddy Sowing Season -Vivek Gupta

-TheWire.in Panchayats and labour workforce unions have openly traded barbs over a move to cap paddy transplant wages in several villages. Chandigarh: “This time paddy transplant rates in our village will not be more than Rs 2,700 per acre. If anyone pays more than what is decided, he will be fined Rs 5,000,” said an elderly man, as he addressed a gathering in Gharyala Kurd village in Punjab’s Taran Taran district, approximately...

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Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal

-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...

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Bombay High Court serves notices to Union Government on PM-CARES fund -Pradip Kumar Maitra

-Hindustan Times The petitioner demanded that at least two members from the Opposition parties should be included in the trust. The Nagpur bench of Bombay High Court on Tuesday issued notices to all trustees of PM-CARES Fund and the Union Government asking them to submit details of the amount collected and utilisation of the funds. The court was hearing a petition filed by a Nagpur-based lawyer, Arvind Waghmare, who sought the Government to...

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India let 65 lakh tonnes of grain go to waste in four months, even as the poor went hungry -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Scroll.in ‘In a period when people have been dying of hunger, the Government has increased the amount of grain it is hoarding in its godowns.’ Instead of using its grain stocks to feed the poor and hungry during the coronavirus-lockdown crisis, the Indian Government is letting this food rot in its godowns. The Government does not have proper storage facilities for stocking such a large amount of excess grain. Since much of...

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