India’s Covid-19 surge robs 23 million jobs, punctures economy
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02/06/2021 - 17:32 A woman holds a child and waits with other migrant workers outside a railway station hoping to be able to travel to their home states, in Jammu, India, Friday, May 22, 2020. AP - Channi Anand Text by: Pratap Chakravarty 4 min Almost 23 million jobs have vanished in India during a disastrous Covid-19 surge that has killed tens of thousands in a matter of weeks. Millions also slipped deeper into poverty but experts said part of the problem could be solved if the economy was opened up. Advertising Read more
The dire numbers came as India added 132,788 fresh infections, taking the national tally to 28.3 million coronavirus cases on Wednesday.
Haryana govt pushed future of youth into darkness: Surjewala
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Last Updated: Jun 02, 2021, 10:00 PM IST
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“In the cities and towns of Haryana, the unemployment rate has reached 41.80 per cent,” he said, alleging it was because of the lopsided policies of the “inefficient” government.
PTI
Congress General Secretary Randeep Singh Surjewala on Wednesday alleged that Haryana government led by Chief Minister Manohar Lal Khattar has pushed the future of the state s youth into darkness with unemployment rate hovering at 29.10 per cent.
“The latest skyrocketing unemployment figures have exposed the anti-youth face of the BJP-JJP government,” Surjewala said in a digital press conference.
Coronavirus disaster leaves deep scars on India s economy
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Coronavirus disaster leaves deep scars on India s economyBy Aftab Ahmed, Aditi Shah, Nupur Anand, Reuters
Last Updated: Jun 02, 2021, 07:21 PM IST
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Economists are downgrading their estimates as a range of data - from the rate of cheques bouncing to the amount of mortgaged gold jewellery up for sale - shows the extent of the economic damage from a devastating second wave of the disease.
PTI
Expectations for India s economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the COVID-19 pandemic.
Figures released by industry body CAIT suggested that local lockdowns have led to a business loss of approximately Rs 15 lakh crore in the last 60 days.
Read more about Coronavirus disaster leaves deep psychological scars on India s economy on Business Standard. Banks begin to slash FY22 growth forecasts; personal credit defaults and unemployment rising