Late last week, the finance minister announced a slew of measures to deal with the negative economic impact of the ongoing nationwide lockdown to curb the spread of Covid-19.
The Reserve Bank of India (RBI) got into the act as well. Mint analyses if their response is enough. Is the ₹1.7 trillion relief package big enough? Steps such as providing free rice/wheat and pulses over and above the current allocation, ₹50 lakh insurance cover for health workers and ₹500 a month for women Jan-Dhan account holders in the next three months are good.
According to the International Labour Organization’s India Labour Migration Update 2018, the overall proportion of informal workers in total employment (unorganized sector workers, informal workers in the