Economy

Mukesh Kumar, a 34-year-old father of three, was a peon in a school till June 2020 when he was laid off. All his efforts to find a job since have been in vain. “There is no place I have not tried,” said Mukesh, a NOIDA resident. “I don’t have the guts to set up a cart to sell vegetables and deal with the local authorities”. Mukesh emphasises that returning to Kanpur, from where he moved to NOIDA over 15 years ago, was not an option even though he may get a few days of work and wages there under MNREGA.…

The National Agitation Committee (NAC), a nationwide organization comprising EPS’95  pensioners, went on a  countrywide “One Day Fast” on June 1st to press their demands for the implementation of  a  Supreme Court judgement on Employees' Pension Scheme 1995 (EPS’95) dated October 4th, 2016. The verdict had directed the Employees Provident Fund Organisation (EPFO) to increase the pension amount based on the pensioners’ actual salary. Over 60 lakh members participated all over the country, with five lakh members from Karnataka, including one lakh from Bangalore taking part in the one day fast. The NAC plans to intensify its agitation if the union…

Geared fully in a PPE suit in the harsh Chennai summer, Dr M Keerthi Varman attends to COVID patients at the Stanley Medical College Hospital. Throughout six continuous hours of his duty, he shuttles between the outpatient ward, where he assesses the condition of COVID patients and the 'zero delay' ward, where immediate care and oxygen support have to be provided to patients with no time lost in the admission process. Work in a COVID ward demands more than the usual share of care and alertness. "A patient once removed his oxygen mask to use the restroom. It could have…

When the pandemic struck in 2020, it triggered a national lockdown that brought all economic activity across the country to a halt. Radha (name changed), a garment worker in Bengaluru, was at an absolute loss when her factory shut down from March to June. For her, the current lockdown is a chilling reminder of 2020. “Last year, I pledged whatever gold I had, to pay the rent. What will I do this year?” she wonders. Her landlord has not increased the rent, but even the water and electric bills are worrisome. Her husband, also an informal worker, has had no…

Business Standard newspaper conducts a B-school Summer Project Competition every year, sponsored by Crompton Greaves. B-schools from around the country are invited to send what they consider their ‘best summer internship project report’. As readers know, most two-year MBA programmes have a compulsory 6-8 week industry internship. This often carries a full credit or two, so students and faculty take it very seriously. Business Standard gets around 150 reports [one per school] from  B-schools spread all over India. These are reviewed by a knowledge partner and 15 of these are then selected and sent to a jury panel for review.…

As another lockdown began in Bengaluru, the entire day’s hustle and bustle found itself compressed into the four-hour window from 6 am to 10 am. That's when even the most paranoid of folks leave their homes to buy everything from chicken to cigarettes to chat masala. Some are taken aback when asked to pay Rs. 100 for 5-odd cigarettes while others sigh as they queue up to buy beer at 7:30 in the morning.  Read More: Will your neighbourhood grocery store recover from COVID lockdown? My daily morning ritual was a walk to the main road, to buy newspaper and…

Last year a nationwide lockdown was suddenly imposed with barely four hours notice, the lockdown this year is a lot different.  For one, the Maharashtra government seems to be more in control. Maharashtra consulted with several stakeholders before imposing the lockdown and considered their views before imposing restrictions.  There have been no sudden announcements this year. In fact, before introducing a fresh round of restrictions, there are enough hints thrown in from the government to prevent panic in the people.  Though the complete day lockdown was introduced only from April 21, 2021, the state’s health minister Rajesh Tope kept referring…

May 1, 2014. A bomb blast at the Chennai Central railway station came as a rude shock for the city. The incident jolted the Railway Protection Force. Frantic calls were made to the 108 helpline. Time was precious. But even before medical assistance reached the station and the nearby hospitals could be informed, the men in red ran towards the Rajiv Gandhi Government General Hospital, carrying the injured the best they could. The hospital was around half a kilometre away and it has to be acknowledged that such spontaneous action had saved many lives.  These are the porters in Chennai’s…

The Union Budget 2021 laid out an elaborate financial package to develop metro rail lines across cities. While more metro lines are being envisioned with a focus on building back the economy, post-pandemic mass transit infrastructure also needs to be leveraged to sustain the growth of jobs and urban economy. One such clear opportunity lies before the Mumbai Metro. Mumbai Metro line 2A (Dahisar – D.N. Nagar) and 7 (Andheri East – Dahisar East) are expected to be operational within the next few months, adding 35 kilometre of mass transit lines to the megacity. Before the pandemic, the 11.4 kilometre long Metro line 1 (Versova-Andheri-Ghatkopar) served…

On a warm evening in March, staff members worked swiftly inside a glitzy salon in Malad, Mumbai, to sanitize their customers’ hands and feet as they noted down their details and studied the number of appointments pending for the evening.  Most masks stayed on as a customer waited for her hair color to set in just as another client soaked in the afterglow of her manicure. The Glam Factor salon, a family-run establishment in the western suburbs of the city, was slowly getting back on track this year after the pandemic stalled their profits in 2020 after India went into…