-Livemint.com Consumer confidence indices, an output of RBI survey of 5,300 households spread across 13 cities, fell to a historic low in May. The future expectations index dropped to 97.9 in May from 115.2 in March MUMBAI: As the covid-19 pandemic continues to spread, India’s economy has lost its main engine of growth: consumption. A survey by the country’s central bank shows how stark is the pessimism among Indians. It also gives various...
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COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais
-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...
More »Tumse na ho payega: VC-making words -Pheroze L Vincent
-The Telegraph How a put-down propelled Minz to helm of Dumka Varsity Sonajharia Minz still remembers the stinging comment: “Tumse na ho payega (You’re not good enough).” These words from her school maths teacher in Ranchi had propelled Minz, an Oraon tribeswoman from Gumla district in present-day Jharkhand, to resolutely pursue higher studies in mathematics. “I couldn’t get into an English-medium school as I was an Adivasi. But I did well at St Margaret’s,...
More »Welfare mainstay MGNREGS off to slow start this fiscal year -Saubhadra Chatterji
-Hindustan Times Less than 57% of the people who sought work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) have received jobs under the programme. At a time when millions of migrant workers who have returned home to the hinterland are looking towards it for a livelihood, the government’s flagship rural jobs programme has got off to a slow start in the new financial year, government data show, amid the...
More »Additional allocation for MGNREGA must be supplemented with steps to make it more effective -Rakshita Swamy
-The Indian Express With nearly eight crore migrant workers returning to their villages, and with an additional allocation for the year, this could be a moment for the true revival of MGNREGA. A revival led by workers themselves. The lockdown has resulted in a massive loss of livelihoods, and the 400-million strong unorganised workforce is the worst hit. A significant part of this workforce has migrated to cities from rural areas. With...
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