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Jean Drèze, development economist and social activist, interviewed by Shreehari Paliath (IndiaSpend.com)

-IndiaSpend.com Bengaluru: Global economic output is expected to contract by 4.9% in 2020 owing to the COVID-19 lockdown. India announced a lockdown on March 24, 2020, which was extended over two months, and continues in pockets of states depending on the spread of the disease, which has now infected more than half a million people in the country. The lockdown impacted millions of inter-state migrant workers who form the bulwark of India’s...

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That foodgrain stocks lie in public godowns while people are going hungry is a scandal -Dipa Sinha

-The Indian Express What is disturbing is that in the middle of the current crisis some are now calling for a massive downsizing of the PDS and a shift to cash transfers in place of foodgrains. The Public Distribution System has played an important role in providing relief to people in the aftermath of the national lockdown. With COVID-19 cases increasing and the economy continuing to be in a downturn, some corrective...

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High rates, low demand: Stressed MSMEs can’t tap into Govt relief -Sunny Verma

-The Indian Express Viable companies, with good credit history, are able to raise funds, but the most needy among the MSMEs are facing a double whammy: slump in demand and lack of finance. Banks have started disbursing funds to Micro, Small and Medium Enterprises under the 100% Emergency Credit Line Guarantee Scheme announced by Finance Minister Nirmala Sitharaman last month but for many firms, hit hard by the pandemic lockdown, credit is...

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‘Garib Kalyan Rozgar Abhiyan’ not sufficient for J'khand, says JPCC

-The Pioneer Ranchi: Jharkhand Pradesh Congress Committee (JPCC) said on Saturday that due to nationwide complete lockdown, the economy of the entire Country has collapsed, in such a situation, the Garib Kalyan Rozgar Abhiyan is not enough to start in only 116 districts of the Country and only three districts of backward State like Jharkhand. In a joint statement issued by JPCC Spokesperson Alok Kumar Dubey, Lal Kishorenath Shahdeo, Rajesh Gupta said...

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