Impact on poor
Economy Vs Virus: IMF Executive Director Dr Surjit Bhalla Exclusive | Reality Check https://www.youtube.com/watch?v=cqL3hX-z_tQ
On reports of India's rising economic distress, IMF Executive Director Dr Surjit Bhalla questions the 'reliability' of CMIE (Centre for Monitoring Indian Economy) data.
The court also observed that the registration of unorganized Workers should be completed as early as possible and there should be Common National Database for all organised workers situate in different States in the entire country. It added there should be a suitable mechanism to monitor supervise whether the benefits of the welfare schemes reach the beneficiaries which may be from grassroots levels to higher authorities with names& and places of beneficiaries so that the purposes for such schemes are is achieved. Tull text of Judgement: https://www.theleaflet.in/wp-content/uploads/2021/05/11706_2020_36_1_28030_Order_24-May-2021.pdf
Salaried jobs fell by 11-12 million, 97% Indians got poorer: CMIE May 29, 2021 https://www.cnbctv18.com/economy/salaried-jobs-fell-by-11-12-million-97-indians-got-poorer-cmie-9478121.htm
"India had 403.5 million jobs before being hit by the COVID-19 pandemic. In April 2020, about 126 million jobs were lost of which about 90 million were those of daily wagers. The figure recovered and reached 400 million jobs in January 2021 or December 2020. However, after the second wave, India has 390 million jobs."
Vyas pointed out that not everyone has got their job back and those who have got their jobs back have not necessarily got the same quality job. Salaried jobs are still falling. The situation is worse off, he added.
https://www.youtube.com/watch?v=J1lRR8CSmPo
Biggest Contraction In India's GDP: KV Subramanian Vs P Chidambaram | Newstrack (Full Video)https://www.youtube.com/watch?v=ggwDXMhxeno India’s gross domestic product (GDP) grew 1.6 per cent in the fourth quarter of 2021, marking two quarters of consecutive growth after it exited a rare recession. The Q4FY21 GDP growth is largely in line with estimates released earlier by multiple ratings agencies earlier.
The improvement in GDP also suggests that the country’s economy recovered rapidly after registering negative growth for the first two quarters of FY21.
It may be noted that the Indian economy started recovering quickly from the third quarter of FY21 (December quarter) as restrictions were eased; the festive sales also contributed to the 0.4 per cent growth in the third quarter of FY21 after contracting 23.9 per cent in the first quarter and 7.5 per cent in the second quarter.
On India Today's special show Newstrack with Rahul Kanwal, watch the debate between Modi Govt's Chief Economic Adviser KV Subramanian & Former Finance Minister P Chidambaram over The state of the economy in India.
P Chidambaram Exclusive On India's Economy, Covid Crisis & Vaccination Drive https://www.youtube.com/watch?v=SoPW0MzDsvw India’s gross domestic product (GDP) grew 1.6 per cent in the fourth quarter of 2021, marking two quarters of consecutive growth after it exited a rare recession. The Q4FY21 GDP growth is largely in line with estimates released earlier by multiple ratings agencies earlier.
The improvement in GDP also suggests that the country’s economy recovered rapidly after registering negative growth for the first two quarters of FY21.
It may be noted that the Indian economy started recovering quickly from the third quarter of FY21 (December quarter) as restrictions were eased; the festive sales also contributed to the 0.4 per cent growth in the third quarter of FY21 after contracting 23.9 per cent in the first quarter and 7.5 per cent in the second quarter.
"Darkest Year In Over 4 Decades": P Chidambaram Slams Government On GDP https://www.youtube.com/watch?v=EVrujcy9gG4 print money, as suggested by Abhijit banerjee? Yes.
मझदार में फंसी PM मोदी के संसदीय क्षेत्र वाराणसी के नाविकों की ज़िंदगी https://www.youtube.com/watch?v=qCg8dk4cBpY
Oct 21, 2021 प्रधानमंत्री नरेंद्र मोदी के संसदीय क्षेत्र वाराणसी के मल्लाह रोजगार को लेकर बेहद परेशान हैं, कोरोनाकाल ने उनकी जिंदगी को तबाह कर दिया है, घर चलाना मुश्किल होता जा रहा है। किसी प्रकार की कोई सरकारी सहायता ना मिलने से वे बेहद हताश और निराश हैं।
Caste, Gender, Labor and COVID-19 in the Urban Informal Economy
PDF of report https://reliefweb.int/sites/reliefweb.int/files/resources/Caste-Gender-Report.pdf
A REVIEW OF EXPERIENCES IN THREE SELECTED SECTORS.
The Rebuild project is to understand how COVID-19 exacerbated pre-existing vulnerabilities for women in the urban informal economy. Occupational segregation based on certain social hierarchies continues to define who can participate in the economy
Key Findings https://reliefweb.int/report/india/caste-gender-labor-and-covid-19-urban-informal-economy-review-experiences-three :
Unique vulnerabilities are faced by the sanitation sector workers. Many lost their lives due to lack of safety tools, gloves, masks and sanitizers.
Reduced earnings, increased isolation and social stigma during the pandemic impacted workers’ mental health.
Like many other home based workers, bangle workers face unsanitary and hazardous working conditions and negligible benefits.
Sexual harassment of women in informal sector is rampant. There is little to no redressal of the same as the women are not governed by rules framed by their contractors or SHGs owing to the informal nature of their work.