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1.7 lakh people lost jobs every hour last April: Report

1.7 lakh people lost jobs every hour last April: Report
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1.7 lakh people lost jobs every hour last April: Report

While the wealth of countries prime 100 billionaires elevated by Rs 12.97 lakh crore since March 2020, about 1.7 lakh people lost their jobs every hour in April 2020 alone. Oxfam India’s CEO Amitabh Behar says, “To contextualise the inequity in what is the biggest economic crisis in the history of independent India, the wealth of the nation’s top 100 billionaires went up by Rs 12,97,822 crores since March 2020, while in April alone over 170,000 people lost their jobs every hour. Just this increase in wealth could sustain the NREGA wages (National Rural Employment Guarantee Act) for 10 years!”

Behar says that over 40-50 million seasonal migrants working in development websites, manufacturing unit manufacturing items and companies actions have been left to fend for themselves through the 2020 lockdown.

“While affluent Indians stranded abroad were flown back and quarantined in hotels, it was only at the end of May 2020, that buses and Shramik special trains were arranged for the relocation of migrant workers,” he stated.

The India version of Oxfam’s newly launched report ‘The Inequality Virus,’ elucidates how amid spiralling unemployment, dire meals insecurity, misery migration in addition to reverse migration, the super-rich elite continued to amass wealth whereas billions struggled to make ends meet.

The findings in “Inequality Virus’ studies say that the pandemic has hit India’s casual employees probably the most. Out of a complete 122 million who lost their jobs, 75 %, which accounts for 92 million jobs, have been lost within the casual sector.

During the mass exodus on foot, over 300 casual employees died from hunger, suicides, exhaustion, street and rail accidents, police brutality and denial of well timed medical care.

According to a Stranded Workers Action Network’s report in April, 2020, 50 % of the respondents had no rations left even for a single day; whereas 96 % had not acquired rations, 70 % had not acquired cooked meals from the federal government; and 78 % of the respondents had lower than INR 300 left.

The National Human Rights Commission recorded over 2582 circumstances of human rights violation as early as within the month of April 2020.

As per the findings,the aid packages for the casual sector and migrant employees have been additionally minuscule. Additional expenditure of the federal government within the first aid bundle introduced was solely 0.5 % of the GDP and the full further public spending promised by all of the aid measures introduced by the top of May 2020 amounted to solely round 1 % of the GDP.

The report discovered that the brunt of job loss was skilled by the feminine workforce and 17 million ladies lost their jobs simply in April 2020.

Unemployment for girls rose by 15 % from a pre-lockdown degree of 18 % and will lead to a loss to India’s GDP of about 8 % or $ 218 billion.

Women who have been employed earlier than the lockdown are additionally 23.5 proportion factors much less prone to be re-employed in comparison with males within the post-lockdown section.

A research studies that regardless of having a maintain of 77 million tonnes of meals grain, greater than thrice the buffer inventory requirement earlier than the lockdown, solely 2.2 million tonnes of this had been distributed to states. Eventually, public shares elevated to greater than 100 million tonnes by the start of June 2020, which meant that a few of the inventory successfully rotted within the storage amenities.

Moreover, what was introduced via the PDS system and truthful worth outlets weren’t relevant for many of the migrants exterior their dwelling city as a result of sedentary bias that makes ration playing cards made within the supply state of the migrants unusable within the vacation spot state, the report stated.

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