-Deccan Herald Improving Workforce Participation Unemployment at 7.9%! Many may wonder why so much is made of a ratio that has been hovering between 6% and 8% since 2017. In India, when 7% lose their jobs, it means more than 40 million are without work. In December 2021, the CMIE informed us that 53 million Indians were unemployed. Assuming that each individual supports at least four other dependents in the household, it...
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Household Out-Of-Pocket expenses on health services push 55 million into poverty in India: WHO report -Kavita Bajeli-Datt
-The New Indian Express A significant share, almost two-thirds of OOP expenses, are for purchasing outpatient care, especially medicines. NEW DELHI: Household Out-Of-Pocket (OOP) expenses on health services, especially medicines, continue to push over 55 million people in India into poverty, with over 18 per cent of households incurring catastrophic levels of health expenditures annually, says a WHO report. Despite India’s billing as the ‘pharmacy of the world,’ its population’s access to medicines...
More »Parliamentary Panel Flags Slow Increase in Health Budget -Priyanka Ishwari
-Newsclick.in The budgetary allocation for health was only 2.1% of the total Budget Estimates for 2022-2023. New Delhi: A Parliamentary Standing Committee has raised concerns over “less priority” being accorded to the health sector in the Budget. The committee, headed by Samajwadi Party Rajya Sabha member Ram Gopal Yadav, noted that “the budgetary allocation for the ministry of health and family welfare accounts for 2.1% of the total BE 2022-23 (Budget Estimates...
More »The pandemic’s hidden cost: Suicides among Indians who lost jobs and income -Tabassum Barnagarwala
-Scroll.in India saw an unprecendented economic upheaval in the last two years. With it came a mental health crisis – and a wave of suicides. Trigger warning: This article contains references to suicide and some people might find it disturbing. In December 2020, in response to the devastating impact of the Covid-19 pandemic, the Tata Institute of Social Sciences in Mumbai decided to set up a dedicated mental-health helpline for slum residents of...
More »How GST is killing small businesses with inspector raj and suffocating compliance -Ritesh Kumar Singh
-ThePrint.in GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments. The introduction of the Goods and Services Tax or GST was supposed to create a unified market of 1.4 billion people and encourage entrepreneurship and job creation. The other aim was to bring more and more firms into the formal sector of India’s economy, which will help expand the tax...
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