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96% people faced drop in earnings during last year’s lockdown: survey

-The Hindu/ PTI Nearly 96% of the people surveyed under a food rights campaign in Maharashtra faced a drop in their earnings during the novel coronavirus-induced lockdown last year, a social body claims. Mumbai: Job losses and non-availability of casual work were the key reasons for this, and every fifth respondent was forced to go hungry because of no money to buy food, Mukta Srivastava, the State’s convener for the Anna Adhikar...

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India's unemployment rate rises to 6.9% in February: CMIE -Chitranjan Kumar

-BusinessToday.in Among the states, Haryana reported the highest unemployment rate of 26.4 per cent, followed by Rajasthan at 25.6 per cent and Goa at 21.1 per cent India's unemployment rate increased to 6.9 per cent in February 2021 from 6.53 per cent in the previous month, according to latest data released by private think-tank Centre for Monitoring Indian Economy (CMIE). The data showed that unemployment rate in urban areas declined despite a...

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1,200 faculty in rural engineering colleges will lose jobs by month-end -Priscilla Jebaraj

-The Hindu “What is government talking about NEP when it cannot sustain gains of an existing project?” A World Bank funded project to take graduates from elite institutions to rural and remote engineering colleges in poorer States is coming to an end in March, leaving more than 1,200 assistant professors out of a job and some rural colleges bereft of half their faculty. The Centre is preparing its own MERITE project with...

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Why are FMCG majors chasing growth in rural India?

-Livemint.com * Demand in rural markets has outstripped sales growth in urban markets over the last several quarters. * Companies are betting on consumers in rural India switching from unbranded, loose products to branded ones. Top FMCG makers are back to chasing growth in India's villages and are ramping up their reach in those markets. To be sure, companies are betting on large swathes of consumers in rural India switching from unbranded, loose products...

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NITI Aayog recommends curtailing coverage under food security law to save on subsidies: Report

-Scroll.in The think tank has reportedly suggested cutting down coverage in rural areas from 75% of population to 60% and from 50% to 40% in urban areas. Government think tank NITI Aayog has recommended lowering the coverage of both rural and urban population under the National Food Security Act, 2013, to save up to Rs 47,229 crore annually, The Indian Express reported on Sunday. The recommendation, which is part of a discussion paper,...

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