-The Hindu India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured The impact of COVID-19 will be debilitating for the global as well as the Indian economies. Various institutions have assessed India’s growth prospects for 2020-21 ranging from 0.8% (Fitch) to 4.0% (Asian Development Bank). This wide range indicates the extent of uncertainty and tentative nature of these forecasts. The International Monetary Fund...
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Are India’s migrant workers beasts of burden owned by industrialists? Karnataka seems to think so -Rohan Venkataramakrishnan
-Scroll.in The migrant exodus will undoubtedly hurt the economy. But that is no excuse for forced labour. The Indian government’s policies towards its vulnerable migrant worker population were already a mess. This week, Karnataka made it worse. The Bharatiya Janata Party-ruled state decided to cancel trains that would allow working-class people from other states to return to their homes five weeks after a national lockdown to combat Covid-19 left them stranded, often without...
More »In our pursuit of economic growth, we ignored voices of India’s informal sector for too long -Radhicka Kapoor
-The Indian Express As we grapple with a health, economic and humanitarian crisis of epic proportions, the immediate need is to provide emergency relief to cushion the effects of the dual shocks of the virus and lockdown on informal workers. COVID-19 is causing havoc across the world, destroying both lives and livelihoods. Developing countries such as India are particularly vulnerable as their vast informal workforce, which has no labour, social or health...
More »An open-ended, expanded employment guarantee at minimum wages should be its centrepiece -Nikhil Dey and Aruna Roy
-The Indian Express It is a cruel irony that after the sacrifice they have been asked to undertake, they don’t even get the safety of physical distancing. Workers have lost hard-won rights, despite labour being the biggest contributor to the Indian growth story. There are no labour-day rallies, celebrations or meetings this year as everyone is under lockdown, fighting the coronavirus through physical distancing. Nevertheless, it is a day for totting up...
More »Second stimulus: Govt plans targeting based on need, MSMEs to begin with -Aanchal Magazine & Sunny Verma
-The Indian Express PM wary of open-ended provisions: Fund for MSME with guarantee likely. AS the Covid pandemic and the prolonged lockdown batter all sectors of the economy, the government, sources said, is working on a rescue package that, for now, may address the needs of the micro, small and medium enterprise (MSME) segment rather than the larger corporate sector. More than six meetings have been held at the Prime Minister’s Office —...
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