The rise in COVID-19 daily new cases and daily new deaths compelled many state governments to impose local level lockdowns during April-May 2021. As of 20th April, 2021, partial lockdowns were noticed in 10 states across the country and complete lockdown was imposed in Delhi. As of 8th May, 2021, nearly the entire country was under complete lockdown as a result of either partial lockdowns and night curfews or complete...
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The rural economy can jump-start a revival -Himanshu
-The Hindu The Government needs to reverse its neglect and policy missteps as key indicators show the sector has resilience The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »How Second Wave Is Decimating Rural Economy -Rohit Inani
-IndiaSpend.com The government has said that the economic impact from the second Covid-19 wave will be less than that of the first. But economists point to signs of a growing rural economic crisis, and call for urgent relief measures to ward off long-term damage. Siolim, Goa: Ramesh Ram, 31, is listed as a textile industry staff worker in the administration's database of migrant workers in south west Bihar's Kaimur district. But for...
More »2020 lockdown shut 11% women MSMEs, only 1% got back on feet with govt help, finds study -Nilanjana Bargotra, Kartikeya Bhatotia, M P Karthick and Mridulya Narasimhan
-ThePrint.in Krea University researchers surveyed 2,083 non-agricultural enterprises in Bihar, Chhattisgarh, Madhya Pradesh, and Odisha to examine the impact of Covid-19 on women-led MSMEs. Survey of women-based MSME entrepreneurs In an effort to examine the impact of Covid-19 on women-led micro, small and medium enterprises (MSMEs), we surveyed 2,083 non-agricultural enterprises across four states: Bihar, Chhattisgarh, Madhya Pradesh, and Odisha. Specifically, the survey reached rural women entrepreneurs in the intervening period when the...
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