Mahatma Gandhi
National Rural Employment Guarantee Act (MGNREGA) is the world's largest jobs
guarantee programme rolled out by the Government of India in 2020.
In the rural
areas, people have readily secured employment under the Gandhi National Rural
Employment Guarantee Act (MGNREGA).
Covid- 19 additionally
decimated livelihoods in city India, creating a brand-new underclass of
employees who’re being pushed into poverty, in keeping with an evaluation by
the London College of Economics.
More than 121
million folks misplaced jobs in April, pushing the unemployment price to a file
23%, in keeping with the Centre for Monitoring Indian Economic system Pvt.
However, the jobless price has since fallen because the financial system
reopened.
It is basically a Social Security scheme that guarantees 100 days of wage
employment to all or any rural households within the country. In the Budget
2020-21, the allocation for MGNREGA stood at Rs 61,500 crore, and therefore the
Centre has released Rs 56,683 crore under the scheme thus far within the year.
A survey
conducted by the London School of Economics (LSE) showed that around 52 percent
of urban Indian workers went without work or pay and received no financial
assistance for atleast a month, as coronavirus-related lockdowns led to loss of
lives and livelihood.
On a averagr, earnings have decreased by 48 percent in April and should,
compared to the pre-Covid months of January and February. Financial assistance from
the govt or employers was available to but 1 / 4 of the workforce, the survey
added.
The pandemic-led lockdowns have ravaged the economy, with nearly 50 lakh
salaried people having lost their jobs in July, taking the entire number of job
losses within the category to 189 Lakh, consistent with the Centre for
Monitoring Indian Economy (CMIE) data.
This news has been reported by Mr. Mithil Malhotra.
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