Showing posts with label financial package. Show all posts
Showing posts with label financial package. Show all posts

Tuesday, May 26, 2020

How migrant labour of our country get back to work?

As India enters 4.0 lockdown, the Narendra Modi led government is looking in every possible way to slowly resume economic activities. The Center has withdrawn its lockdown directive and only broad central guidelines and allowed states to follow their strategies for the gradual establishment of the economy. Therefore, the Modi government will have to come up with a big financial package, which will put money in the hands of the people so that they start spending on their essential needs.

To do this, workers must be assured that precautionary measures have been taken that require a strong message. In addition, the transport service is also required to return to the workplace with all health protocols, including facilities for daily commuting.

The migrant labor population is widely engaged in the transport, construction and MSME sectors. Getting them back to work is a challenge as we get out of lockdown but we have to assure them of their safety and health. Most people want to return home due to uncertainties combined with fear. The industry can play a major role at this time. State governments have started working towards restructuring the economy to allow for a regular job or assisted living which in turn will help them earn income and reduce savings after one month of lockdown.

The basic minimum living conditions will encourage them to return to work quickly. Authorities are working with skill occupations in the states, which map the skills of available laborers and accordingly ensure that they reach the nearest places where these skills are required in the industry.

Some economic activities, such as construction, may still require local labor from non-containment areas, and initially in small numbers. In rural areas, long-distance demand and supply chains of essential commodities are being opened through digital platforms by some state governments. But both central and state agricultural agencies will need to coordinate with district-level marketing boards to reroute supply chains to organized retail chains in cities and towns.

The government is required to play the role of a market proponent to improve economic duration. Manufacturing and construction companies have to get on track with better credit availability. Once manufacturing and manufacturing improve, more jobs will be possible. Better credit for companies will add liquidity to the economy.