COVID-19: 7.35 million Indians lost jobs in April - if you are one of them here s some avenues for you
Data from CMIE showed that the number of employees, both salaried and non-salaried, fell from 398.14 million in March to 390.79 million in April. (Image Source: Pixabay)
Updated: May 6, 2021, 12:14 PM IST
COVID-19 pandemic has not just played havoc with the lives of people, but several people have even lost their source of employment and businesses are shutting down leaving people clueless about their future. India s second pandemic wave crashed across the labour market in April, erasing at least 7.35 million jobs.
Data from the Centre for Monitoring Indian Economy (CMIE) showed that the number of employees, both salaried and non-salaried, fell from 398.14 million in March to 390.79 million in April, in the third straight month of falling jobs. In January, the number of people employed in India was 400.7 million, CMIE data showed.
Consumer sentiment index falls 3.8% in April, sharpest drop since May 2020: CMIE
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According to CMIE, there is heightened pessimism regarding the future, regarding their incomes over the next 12 months, regarding the economy in the next one year and also regarding the next five years.
45% of the respondents believe that economic conditions in India are going to worsen over the next one year.
The raging second wave of Covid-19 has resulted in a 3.8% dip in the index of consumer sentiment in April, the sharpest fall since May 2020, said the Centre for Monitoring Indian Economy.
Week-on-week the decline in the consumer sentiment index has been steeper with the index falling by 5.4% in the week ended May 2, bringing the weekly index to its lowest since November 2020. The index of consumer sentiments fell by 4.3% in the week ended April 18 and by 4.5% in the week ended April 25.
The Centre for Monitoring Indian Economy has published unemployment figures for April 2021. As expected, with the second wave of Covid-19 hitting the economy, unemployment has risen by 73.5 lakh. From January 2021 to April 2021, the increase in unemployment is to the extent of 99 lakh. The unemployment rate is around 8 per cent and is supposed to be the highest in four months. The job losses have been spread across regular and casual workers as well as the self-employed. Similarly, the segments where unemployment has hit the hardest include informal sectors like household helps and office supply chains to more formal sectors like hospitality, retail, travel and tourism. It may be recalled that last year business units had disengaged a large number of workers. With this round of retrenchment, most manufacturing units are now supposed to be at the bare minimum level of employment. Any further cut would affect operations and revenues. In other words, further shrinkage of demand or anoth
Why no transparency in COVID-19 foreign aid data? Rahul Gandhi asks Centre
ANI / Updated: May 5, 2021, 19:07 IST
Rahul Gandhi
New Delhi: Hinting that the Government of India is hiding data regarding foreign aid received during the unprecedented surge in
COVID-19 cases in the country,
Congress MP
Rahul Gandhi on Wednesday asked why there is no transparency regarding the medical supplies sent from across the world. Questions about Covid foreign aid: What all supplies has India received? Where are they? Who is benefiting from them? How are they allocated to states? Why no transparency? Any answers, GOI? the former Congress president tweeted.
Covid-hit 2020 saw 230 million Indians slip below minimum income threshold: Report
With the way deadlier second wave having hit the country harder, the report suggested Rs 5.5 lakh crore additional spending by the Indian government
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Casual daily wage labourers witnessed a 13% monthly drop in income from Rs 9135 a month in 2019 to Rs 7965 per month in 2020. (Photo | Pexels)
Express News Service
BENGALURU: 230 million people in India slipped below the national minimum wage threshold (Rs 375 per day as recommended by the Anoop Satpathy committee) in Covid-hit 2020, a report released by the Azim Premji University on Wednesday stated.
This corresponds to an increase in income poverty rate by 15% points in rural and nearly 20% points in urban areas, as per the report. The survey said that over an eight-month period (March-October 2020), an average household in the bottom 10% of the income group lost Rs 15700, or just over two months of income.