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Second wave dents rural economy leading to knock-on effect on recovery


Ramesh Ram, 31, is listed as a textile industry staff worker in the administration's database of migrant workers in south west Bihar's Kaimur district. But for the last three years, Ram has worked as a contract labourer among the tens of thousands employed at the Alang ship-breaking and recycling yard in Gujarat, making enough to get by.
Today, Ram is back in his village, with no work, no capital to till his small parcel of land, and living in penury with his family of six, which includes three young daughters aged 6, 8 and 10.
Even before the second Covid-19 wave hit India this February, tens of millions of workers such as Ram had barely managed to recover from the adverse economic effects of the nationwide lockdown to control the spread of the Covid-19 pandemic in 2020.

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Covid-19 pandemic: Govt may extend social and rural relief schemes

Read more about Covid-19 pandemic: Govt may extend social and rural relief schemes on Business Standard. Aims to provide impetus to rural economy and small businesses

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Exclusions a concern as Aadhaar Enabled Payments System plans to scale

NPCI plans on the extra load of additional welfare benefits delivered through the Aadhaar Payments System, but exclusion concerns remain

India , Dilip-asbe , Mandar-agashe , Abhijit-banerjee , Mitra-bank-mitras , Atmanirbhar-bharat , Anand-kumar-bajaj , Uday-kotak , Anmol-somanchi , Jan-dhan , Sunil-kulkarni , Sanjeev-kumar