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Economy headed for contraction, less fiscal space for big stimulus -P Vaidyanathan Iyer

-The Indian Express If that happens, it won’t be unique to India — the IMF expects the Covid pandemic to severely impact growth across regions in its latest World Economic Outlook. It expects the US economy to shrink 5.9 per cent and the global economy to decelerate 3 per cent. New Delhi: As the Centre and states jostle over and grapple with strategies for a staggered exit from the lockdown, the country...

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Telephone survey shows high understanding of social distancing, support for lockdown -Sonalde Desai & Santanu Pramanik

-The Indian Express When asked about how many people they had come in contact with outside the house over the preceding 24 hours, over 50 per cent responded that they had not come in contact with anyone. With the nation in the midst of an extended lockdown to prevent the spread of COVID-19, the question of what to do next looms large. We are operating in a brave new world where modern...

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How Pastoralists across India are Affected by the COVID-19 Lockdown & Solutions to Sustain Livelihoods

-Centre for Pastoralism, dated 20th April, 2020 There are an estimated 30-35 million pastoralists distributed across several states in the country. These communities manage a wide range of livestock, through long-distance migrations that often span multiple states. India’s wool, leather, meat and milk economies are directly or indirectly linked to these communities. This report attempts to capture core problems confronting these communities with the COVID lockdown and identifies solutions to help...

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‘Are we animals?’: Migrants bear brunt of South Asia’s lockdown -Joydeep Gupta, Zofeen T Ebrahim and Ramesh Bhushal

-TheThirdPole.net Migrant workers in India, Pakistan and Nepal are crushed by poverty as earnings come to an abrupt halt in the lockdown forced by the Covid-19 pandemic Across South Asia, the impact of the Covid-19 on livelihoods has been extreme. Despite being an outlier in terms of low infection rates, and even low casualties, most South Asian countries have been left reeling due to the impact that shutdowns have had on migrant...

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Digital transactions rise sharply, banks’ RTGS up 34% in March: RBI data -Aashish Aryan & Sunny Verma

-The Indian Express The usage of cash and other cash-based services, however, dipped during the period, the data showed. New Delhi: The month of March, in which the national lockdown began, saw a sharp rise in digital financial transactions countrywide, according to data accessed by The Indian Express. According to the latest Reserve Bank of India (RBI) data, the total value of Real Time Gross Settlement (RTGS) transactions — the biggest online payment...

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