The Policy Monitor
A recent study by LSE found that 52% of urban workers went without work or pay and received no financial assistance for over a month. Bihar’s emergency assistance programme has been cited as a rare example of sub-national government’s efforts to identify, onboard and disburse payments to the migrants during the ongoing pandemic.
In the past few years it is apparent that only the Indian IT/ITES industry has been able to learn, catch-up, develop, and successfully accesses global technological standards. Although the same cannot be said for our product market industry where innovation is far away from making a global footprint.
However, a lot more goes behind the inner workings of a buffet system than just our sense of consumption according to our sense of value rather than appetite. The law of diminishing marginal utility is at the center of the whole business model.