please please answer the question it is very argent...
Answers
Answer:
Step-by-step explanation:
The spread of the coronavirus and the unplanned lockdowns have created economic havoc in the lives of the millions who are part of the informal sector – not just daily wagers, but also workers of the gig economy. According to the Employment-Unemployment Survey, 2015-’16, over 80% of India’s workforce is employed in the informal sector. One-third are casual labourers.
Within 24 hours of Prime Minister Narendra Modi’s address to the nation on March 19, crowds at railway and bus stations across the metros started swelling. If these workers could not earn, they wanted to get home where they would have at least some food and shelter.
The economic situation resulting from the lockdown that is necessary to contain the spread of the virus will hurt even those who will escape the disease.
Here are a few suggestions on what can be done immediately to deal with this situation.
Cash assistance
The world over, including in India, cash transfers are being advocated as the first line of action. At first glance, they seem like the easiest and quickest option at first glance, but there are some caveats attached to it:
1. Deciding the “base” is not trivial: who gets the cash, and how much? Should it be all workers in the National Rural Employment Guarantee Act scheme? Should they all get the same (irrespective of how much they worked in the past)?
2. The possibility of hoarding and price rise may erode the value of cash.
3. The density of bank branches in rural areas is thin, mass cash transfers will create crowding, which in turn will create risk of community transmission.