-The Telegraph CM says Jharkhand government is focused on reaching out to last mile with welfare schemes Jamshedpur: Jharkhand chief minister Hemant Soren reminded people of the starvation deaths during the erstwhile BJP-led government and patted his own government as nobody died of hunger even during the Covid Lockdown. Addressing a gathering at Godda on Wednesday evening, Soren said the development works done during the “double engine” government (a term used by his...
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Why the Rise in Workforce Participation During the Pandemic Points to Distress Employment -Shiney Chakraborty, Priyanka Chatterjee and Mitali Nikore
-TheWire.in Although COVID-19 had disrupted economic activity, the workforce participation rate in the last four years has gone up, significantly driven by rural women's employment. The annual Periodic Labour Force Survey (PLFS), first launched in 2017, is one of the only official sources of employment data in the country. Marred by disruptions, the results of the last two surveys (2019-20 and 2020-21) have been eagerly awaited to understand the impact of the...
More »Hunger Games? Govt may Shut Down Free Ration Scheme After September -Subodh Varma
-Newsclick.in A finance ministry note has reportedly warned against too much spending on food and other subsidies. The scheme for providing 5 kg food grain to every individual in addition to the subsidised ration given to ration card holders may be finished after September. Called the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), it was started during the first Lockdown in April-May 2020 and has been extended every six months. It is...
More »India better placed to avoid risk of stagflation: RBI officials
-The Hindu Domestic economic activity is gaining strength, write authors of Bulletin article India’s economy is better placed than many other countries to avoid the risk of potential stagflation, Reserve Bank of India (RBI) officials headed by Deputy Governor Michael D. Patra wrote in an article in the June edition of the RBI Bulletin. “Global economic conditions continued to deteriorate as ratcheting up of commodity prices and financial market volatility have led to...
More »Record Profits Boost Corporate Sector in Pandemic -Subodh Varma
-Newsclick.in This is in contrast to estimated 84% of Indian families reporting decline in their earnings due to pandemic related Lockdowns and restrictions. The trend was visible from last year but the scale of profits reported by listed companies after the last financial year ended in March this year is nothing short of mind-boggling. According to latest data by CMIE or Centre for Monitoring Indian Economy, companies listed at the BSE (formerly...
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