Data released by National Statistical Office on August 26 shows new employment in the government sector fell by over 60 per cent in June 2020 compared with the monthly average of the last financial year.
Secondly, despite the Reserve Bank of India tightening its vigilance, bank frauds continue to occur with worrying frequency.
As per the RBI annual report released on Monday, August 26, the total cases of frauds shot up by 28 per cent by volume and 159 per cent by value during 2019-2020.
While there were 6,799 frauds involving Rs 71,543 crore as of March 2019, the number of frauds jumped to 8,707 involving a massive Rs 185,644 crore.
Dominic Xavier wonders what will happen to the poorest who have been ravaged by the strict lockdown imposed by the Narendra Damodardas Modi govt in the wake of the coronavirus pandemic and unemployment rates spiralling out of control every passing month.
Feature Presentation: Aslam Hunani/Rediff.com
