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Study points towards hunger and destitution amidst hope for a V-shaped economic recovery

Preliminary findings of a survey among 3,994 respondents from 11 states reveal that most vulnerable households and communities, such as SCs, STs, OBCs, PVTGs, slum dwellers, daily wage labourers, farmers, single women headed households, etc. continue to witness depressed incomes during September-October in comparison to their income levels prior to the lockdown. The face-to-face survey conducted by the Right to Food Campaign and Center for Equity Studies (instead of telephonic...

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Real power is with Centre, which holds the purse-strings in these fiscally-challenging times -Harish Damodaran

-The Indian Express Post 2014, two centralisations — of political and economic power — continue to reinforce each other, with profound consequences for the country and potential to define popular narrative in days ahead. The return of single-party dominance and its implications for politics after nearly 25 years of minority/coalition governments at the Centre (December 1989-April 2014) has been widely commented upon. As have concerns over rising corporate market power and their...

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CPIM’s All India Kisan Sabha plays key role in building solidarity for farmers’ protest -Saubhadra Chatterji

-Hindustan Times For the AIKS, the experience of 2014 movement against the land bill and the 2018 long march in maharashtra came handy this time The CPIM in India had long mastered the art of issue-based support. It’s farmer arm, All India Kisan Sabha (AIKS), increasingly widened the scope of such pacts to stage big-ticket protests such as the ongoing farmers’ agitation in the National Capital Region. For the AIKS, a key participant...

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maharashtra to give rations, aid to Mumbai sex workers during pandemic -Tabassum Barnagarwala

-The Indian Express Each sex worker will receive Rs 5,000 per month along with three kg of wheat and two kg of rice. Mumbai: To cope with the effects of the lockdown, the maharashtra government has decided to give financial aid and 5-kg ration to 5,600 sex workers of Mumbai every month till the Covid-19 pandemic is over. But even as maharashtra became the first state in October to issue a government resolution...

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What is a bank moratorium, and when does it come into play? -K Bharat Kumar

-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...

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