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COVID-19: Every Fourth Person Jobless as Lockdown Continues -Subodh Varma Over 14 crore persons have lost their jobs since the lockdown began a month ago. Over 26% of the workforce in India is without any job thus posing a dire threat to the social fabric and creating unbearable misery for millions. This is the estimate from the latest round  (April 19) of weekly sample surveys carried out by Centre for Monitoring Indian Economy (CMIE). The data shows Joblessness zooming up after...

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Urban Joblessness up 22%, experts fear gains against poverty to be wiped out -Seema Chishti

-The Indian Express An estimated 50 million people are believed to have lost their jobs in just two weeks of the lockdown. The CMIE data showing rise in unemployment in urban areas by more than 22 per cent between March 22 and April 5 confirms that the lockdown prompted by coronavirus will wipe out the tremendous gains made by India in being the only country apart from China to lift millions out...

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Govt shouldn’t junk unpleasant data -Biswajit Mandal & Saswati Chaudhuri

-The Hindu Business Line Suppressing data that point to low growth, rising Joblessness and poverty impedes effective policymaking in a crisis Finance Minister Nirmala Sitharaman, in her Budget speech, said “data is the new oil” and stressed on the credibility of data to combat the difficulties in real-time monitoring of the Indian economy. She even proposed building data centre parks throughout the country so that skilful incorporation of data in every step...

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Modi govt at work! Double whammy of unemployment and price rise -Subodh Varma Joblessness is zooming, inflation is at six-year high led by food inflation, exports are down further, industrial production is stagnant and investment is at a standstill. In the last six months or so, the Modi government has supposedly been paying close attention to the sinking economy, with a flurry of meetings, announcements of freebies to corporates, fervent assurances to markets and budget shenanigans to supposedly keep the deficit in check and...

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Sinking MGNREGA: Almost one-in-five households refused work this year -Subodh Varma Till October 2019, over 2.5 crore applicant households were turned back when they sought work under the rural job guarantee scheme. It would have seemed natural – indeed, imperative – that, as India grapples with a deadly slowdown, with agricultural economy growing only at around 2% and rural Joblessness hovering at a shocking 8%, the government would infuse some energy in the implementation of the rural jobs guarantee scheme (MGNREGA). This...

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