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Over 7.5 Million Jobs Lost in April: Experts Call for Fresh Relief Package for Marginalised -Ronak Chhabra

-Newsclick.in According to CMIE data, the national unemployment rate in April registered a four-month high of 7.97% – with urban and rural Joblessness at 9.78% and 7.13% respectively – as against the previous month’s figure of 6.50%. The recent surge in COVID-19 cases has sent the pandemic spiralling anew in the country, with its impact visible not just on the already strained healthcare infrastructure but also on the economic front – particularly...

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India's unemployment rate rises to 6.9% in February: CMIE -Chitranjan Kumar

-BusinessToday.in Among the states, Haryana reported the highest unemployment rate of 26.4 per cent, followed by Rajasthan at 25.6 per cent and Goa at 21.1 per cent India's unemployment rate increased to 6.9 per cent in February 2021 from 6.53 per cent in the previous month, according to latest data released by private think-tank Centre for Monitoring Indian Economy (CMIE). The data showed that unemployment rate in urban areas declined despite a...

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2020 – How the Modi Govt Led India into Record Joblessness -Subodh Varma

-Newsclick.in Unemployment has inched up to over 9% as the year ends and the so-called economic recovery is a mirage. For Indians, 2020 will go down in history as the worst year for livelihoods and incomes. Unemployment levels rose to record highs, incomes plummeted to record lows and such was the scale of deprivation that thousands of families teetered on the brink of starvation. Tragically, this was not just the pandemic. It...

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The country should worry about further deepening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

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