New Indian Express

Unprecedented measures taken to prevent the spread of coronavirus are likely to severely impact the economy that was already experiencing a slowdown. It may require nearly six months to fully recover from this impact.

“We were already on the downturn and the GDP growth rate, which is 4.8 per cent, may slump-down to 4 per cent. Maybe even less,” said Prof R S Deshpande, visiting professor and former chairman, Institute of Social and Economic Change (ISEC). According to him, the lockdown will have a major economic impact, hitting the unorganised sector the worst as a large number of people will migrate back to villages. “They will not have any source of income,” he added.

Times Of India

The government has identified about 1.25 crore daily wagers to whom it will provide Rs 1,000 each as compensation for loss of job due to coronavirus outbreak. A three-member committee under the chairmanship of finance minister Suresh Khanna submitted its recommendations to chief minister Yogi Adityanath on Friday and a final decision is expected on Saturday. Sources said the committee, also comprising labour minister Swami Prasad Maurya and agriculture minister Surya Pratap Shahi, met on Wednesday to chalk out finer points of the scheme.

Agronfoodprocessing

A micro virus has twisted wealth and rusted investor confidence in India. It has disrupted and slowed-down the industry, the market and the consumers. No matter what Anurag Thakur believes, the future looks bleak. Economists think that the biggest growth risk would be from preventive measures such as mass quarantine or movement restrictions and the related pullback in consumer spending, investment, and services activity.

First Post

Shanthi Shanmugam, an agricultural labourer from Pazhaiyapalayam village, in Nagapattinam district in Tamil Nadu, added: “It burns over our heads 24X7. With it burns all my hopes of a good future.”

Shanthi’s life has changed dramatically in recent years. From the prosperity of the Cholas to making it the modern rice bowl of Tamil Nadu, the River Cauvery has nurtured the delta region. But, now, the three acres of land Shanthi owns is proving to be not enough to feed her family of seven. To supplement her income, she took up jobs as an agricultural labourer. But those have dried up.

Mathrabhumi

The Union Ministry of Home Affairs gave a bill to Kerala demanding Rs 206 crore as price for the additional supply of rice granted during the flood havoc.

Times Now News

Rapid urbanisation, unprecedented population growth, economic development, and a host of other factors have led to an increased demand for resources, including water. As per the 2011 Census, 31 per cent of India’s population lives in urban areas and this number is likely to increase to 40 per cent by 2030, according to UN estimates. NITI Aayog’s Composite Water Management Index Report (2018) projects that by 2030, India’s water demand will be twice the available supply, thereby, implying severe water scarcity for the population.