Once the nationwide lockdown is eased, initial supply chain disruptions might impart cost push inflation while on the other hand, lack of demand (except for the essentials) due to lost income would force the aggregate price level to stay low.
Breaking Down the Recent Labour Law Amendments from the Lens of Development Economics
Published on :More than 90% of India’s labour-force is employed in the informal sector, with limited social security benefits. This informalisation of labour-force does more harm than good and has serious repercussions on a nation’s growth patterns. Two basic policy interventions to improve existing labour conditions in developing countries are: a) increasing […]
Not so sincerely, Bharat ke bande
Published on :An analysis suggests that handing out ₹7000 per month for a period of 3-months combined with 10 KG of free food grains a month for 6-months will come to cost only 3% of our GDP! This would classify as “stimulus” as it revives demand, even though for basic goods and services from those whose propensity to save is minimal. Keynes suggested, during World War II, that the only way to fund the war expenses of the Allied forces was through a “forced transference of purchasing power”.
COVID19 AND THE GREAT EDUCATION DIVIDE 2020
Published on :Reality bites when low government/low-income schools try to keep pace with online education despite inadequate access to the internet, mobile phone, and computers. They are already struggling to survive on basic food and shelter with learning as no longer a priority.
Are the coronavirus warriors losing their own personal battles?
Published on :The costs of attending work for everyone would be the possibility of becoming a vector of transmission of virus but if the societal benefits of certain employees exceed their costs, adjusted wage payments should be made accordingly
Crises and the Workers at the Margin
Published on :The evidence and stories about the humanitarian crisis coming from various parts of the country are dire According to the report of Stranded Workers Action Network (SWAN), a group of volunteers conducting relief works for the stranded workers across the country, 72% of the workers who have contacted them have food ration left for only two days.
Migrant’s arduous exodus from different states showcased a “trust deficit” of poor in governance
Published on :The lockdown has further demonstrated that the governance structures of democracy quite often legitimise use of violence against poor. Therefore, the ever-migrating cohorts of Indian citizens are now reduced to migrant labourers stuck in different cities without having even work or food supplies.
Hits and Misses of Stimulus Package
Published on :At first sight, the package aims to tackle the issue from the top, giving out money to banks and enterprises but in India’s case, it won’t be enough as unlike any other major economy, we are facing a subsistence crisis in the case of low-skilled labourers.
HALVING COSTS, DOUBLING INCOME: AN ANALYSIS OF PPP IN KISAN RAIL
Published on :With the ambitious plan of doubling the framers’ income by 2022-23, Finance Minister, Nirmala Sitharaman in her budget speech introduced Kisan Rail scheme. In an effort to build a coherent national supply chain for perishable products, Kisan Rail train with frozen containers will be started along with refrigerated coaches being added in Express and Freight trains for the transportation of perishable goods from the producer to the market. This farm to fork model is aimed to be set up via PPP model.
STATUS OF BIHAR ACROSS SOCIAL PARAMETERS OF THE SDGs
Published on :Overall, in NITI Aayog’s SDG Index, Bihar is positioned last with Index score of 50, while Kerala (70) stands at top followed by Himachal Pradesh (69) and Andhra Pradesh (67), with India’s average index score being 60. This is also supported by above report findings where we observe that Bihar has ranked poorly on parameters of poverty alleviation, zero hunger, food security, health and education.