Pandemic of poverty: India's financial crisis worsens

Mafazah Sharafuddin
May 31, 2021

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As the country suffers the threat of death and disease, financial struggle looms over it. There has been a huge loss for several of the economy. The government has issued aid, however, it is insufficient and neglects the unorganized sector entirely. 

The estimation of the government, standing at Rs 1,250 crore, and is not close to what is needed by the people. Additionally, it does not aid those who don’t come under government schemes, meaning a huge chunk of the unorganized and industrial sector. 

The financial crisis in India due to COVID is a many headed demon. So many different issues have arisen since the start of the pandemic, and the people of India are suffering under the financial burden. 

Sudden shifts

Since the beginning of the pandemic, the word ‘unprecedented’ has been used innumerable times. Problems arrive suddenly, with no warning. People are losing their jobs all at once after years of working in the same place. 

With the magnitude of the death toll, many a times the sole breadwinner of the house passes away. This leaves the family floundering, looking for jobs and trying to keep mouths fed.

People who are newly unemployed and unable to find jobs in the same industry are left confused. They have a skillset that employers are not looking for and eventually, they have to resort to unskilled labor which gives them lower wages. 

Warning signs 

The fact is that the people are suffering. The numbers back it up. There has been a 15 to 20% increase in poverty since the pandemic began. This means more than 23 crore people have slipped below the poverty line. 

Unemployment has increased, too. 1.5 people have been lost their jobs, and those who continue to be employed face lowered salaries. The per capita income of the country has lowered by 16.8% to what it was in January of 2020. 

Within 2020, there was an increase in people partially withdrawing funds from their Employee Provident Fund accounts. While it was 54 lakh people in 2019, 2020 saw 1.27 crore people doing the same. 

According to RBI, there had been an 81.5% increase in that loans against gold jewelry by Scheduled Commercial Banks in March in comparison with the same last year. 

MFIs, MSMEs suffer losses

MFIs (Micro finance Institutions) cater to the poorer sections of Indian society. The lockdowns have has adverse effects on the functioning of NBFCs and MFIs. With the poor already suffering through unemployment and steep hospital bills, this too has caused a bad hit.

Some sectors are faring worse than others. These industries thrive on travel, face to face interactions and consumerism. Retail, MSME, and hospitality are some of them.

The pandemic has resulted in the closure of 15-20% of the MSMEs in India. Large scale supply chains are taking away their customers as they are not able to operate as usual during the pandemic. If the situation continues, there could be a much larger percentage of MSMEs closed during the pandemic. 

Small businesses run into trouble

Small businesses like family run stores are facing trouble getting customers and keeping their shops open. The lockdown hours put a huge dent in the time they can sell to people. Shops that don’t count as ‘essentials’ often cannot open at all. 

Chain supermarkets and other shops are seeing more traffic as these small businesses get neglected. Without their livelihood, the threat of COVID increases as they would not be able to afford the hospital bills and medication.

Sellers over the internet find it difficult to post packages as delivery services do not function everywhere due to COVID. Small businesses are losing customers at a large scale. 

Social workers rise to the occasion

While the situation is dire, social worker and organizations have taken the initiative to help people. All over India, social workers and volunteers are assisting on everything from grocery packages to cremations. 

The workers help with transportation, reservation of beds, intricacies of the Ayushman card, ensuring the patients and the family members staying with them are fed, etc. With the ongoing crisis with the bodies piling up with no one to deal with them, social workers are also burying and cremating bodies. 

Not just this, but they are also helping people who are not infected, but have been affected by the pandemic. Distributing food, rations etc. to those in need is another task they perform. 

However, without proper government aid to the poorer sections of society, there is no saying how bad the situation could get.

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News Network
April 21,2025

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Pope Francis, the beloved spiritual leader of 1.4 billion Catholics worldwide, has passed away at the age of 88. After battling age-related illnesses and spending over a month in the hospital, he departed peacefully, leaving behind a legacy of compassion, humility, and service. His death marks the end of an era and opens a sacred and solemn chapter of transition for the Roman Catholic Church.

The Final Hours and Ancient Rituals

With the pope’s passing, the Vatican enters the interregnum — a time between the end of one papacy and the beginning of another. The camerlengo, the Church's administrator of temporal affairs, performs a centuries-old ritual to confirm the pope’s death. He gently calls the pontiff’s baptismal name three times. If there is no response, the pope is declared dead — a symbolic moment of both loss and tradition.

An earlier custom involved tapping the pope's forehead with a small silver hammer, a practice discontinued after 1963.

The camerlengo then seals the papal apartment and prepares for the destruction of the Fisherman’s Ring and the papal seal — powerful symbols of papal authority. Their destruction signifies the official end of the pontiff’s reign.

A Funeral Rooted in Legacy

In accordance with the constitution Universi Dominici Gregis, the pope’s funeral must be held within four to six days. It will most likely take place at St. Peter’s Basilica, unless otherwise requested by the pope himself. A nine-day mourning period, known as novemdiales, follows the funeral.

The Sacred Search for a Successor

Around 15 to 20 days after the pope's passing, the papal conclave begins — a profoundly secretive and spiritual election process. Cardinals under the age of 80 gather in the Sistine Chapel, cut off entirely from the outside world, including phones and media.

They vote in repeated rounds. After each, ballots are burned. Black smoke rising from the chimney signals no decision. White smoke proclaims that a new pope has been chosen.

"Habemus Papam" — A New Dawn

Once a cardinal is elected and he accepts the sacred role, he chooses a papal name — often in honor of past saints or spiritual inspirations. Then, from the balcony of St. Peter’s Basilica, the senior cardinal deacon steps forward and declares to the world:

“Habemus Papam” — We have a pope.

A moment of silence gives way to thunderous cheers as the newly chosen pope steps forward, greeting the faithful and offering his first blessings. The bells of the Vatican ring out in joy, marking the beginning of a new spiritual journey for the Church and its followers.

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News Network
April 11,2025

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Bengaluru, Apr 11: In a significant development, the Karnataka Cabinet on Friday formally accepted the controversial Socio-Economic and Educational Survey, popularly known as the caste census, nearly a decade after it was conducted. The report will be taken up for detailed discussion in a special Cabinet meeting on April 17.

The survey was originally carried out in 2015 by the Karnataka State Commission for Backward Classes under the chairmanship of H. Kantharaj, and finalised in February 2024 by his successor, K. Jayaprakash Hegde. The long-awaited report—comprising 50 volumes of detailed caste- and community-related data—was placed before the Cabinet in a sealed cover, which was opened during Friday’s meeting.

Backward Classes Welfare Minister Shivaraj Tangadagi, while briefing the media, said the report would now be distributed to all Cabinet ministers so they could examine its findings ahead of the April 17 meeting. Though the government did not disclose the contents of the report, it sought to validate the survey’s legitimacy by presenting statistical data.

“As per the 2011 Census, Karnataka’s population was 6.11 crore. By 2015, when the survey was conducted, it had grown to an estimated 6.35 crore. The survey covered 5.98 crore people—a coverage of 94.17 percent,” Tangadagi said.
He added that only 37 lakh people, or 5.83 percent, were left out of the enumeration process.

Highlighting the scale of the operation, the minister said 1.6 lakh government officials participated in the survey. An expert committee was constituted, which developed 54 criteria to guide the data collection. The state government also engaged Bharat Electronics Limited (BEL) to manage the survey data under a ₹43 crore agreement, with the total expenditure reaching ₹165 crore.

Law and Parliamentary Affairs Minister H. K. Patil announced that a special Cabinet session will be held on April 17 to deliberate on the report's contents. When asked about concerns over the completeness of the data, Patil responded, “Even in the national Census, some people are left out. A 94 percent coverage is a very significant achievement.”

The caste census remains a politically sensitive issue in Karnataka. Dominant communities such as the Lingayats and Vokkaligas have questioned the methodology of the 2015 survey, alleging undercounting. In contrast, Other Backward Classes (OBCs) and SC/ST groups have welcomed the report, arguing that it sheds light on social realities long ignored.

The Congress party had pledged to act on the caste census in its manifestos for the 2023 Karnataka Assembly elections and the 2024 Lok Sabha polls. National party leader Rahul Gandhi has also been advocating for a nationwide caste census.

The Cabinet’s acceptance of the report comes just days after Chief Minister Siddaramaiah’s meeting with Rahul Gandhi in New Delhi, and the Congress Working Committee’s session in Ahmedabad.

Six Ministers Skip Cabinet Meeting

At least six ministers were notably absent from Friday’s Cabinet meeting. These included:

    S. S. Mallikarjun and Laxmi Hebbalkar (both Lingayats)

    M. C. Sudhakar and K. Venkatesh (both Vokkaligas)

    R. B. Timmapur (SC)

    Madhu Bangarappa (Idiga community)

However, Minister Patil clarified that despite their absence, all ministers have endorsed the Cabinet’s collective decision, regardless of caste or community affiliations.

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News Network
April 16,2025

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The United States has reportedly approved a new shipment of thousands of powerful munitions to the Israeli regime, further reinforcing its military arsenal as Tel Aviv is said to be readying for “vigorous expansion” of its genocidal war on the Gaza Strip.

Citing unnamed Israeli officials, Hebrew-language outlet Ynetnews reported that the Israeli air force was set to receive more than 3,000 bombs from the US in the coming weeks.

According to the report, the munitions are to be delivered to “boost readiness” for a major offensive being planned by the Israeli army’s Southern Command.

Over 10,000 additional bombs are also expected to arrive in the near future, replenishing Tel Aviv’s stockpiles as it pushes forward with its regional military adventurism that has seen it escalate its deadly attacks on Lebanon and Syria, besides the war on Gaza.

The shipment is part of a broader arms package that includes MK-84 bombs, powerful 2,000-pound munitions that have already been linked to mass civilian casualties in Gaza.

A similar transfer, which was initially halted by the previous US administration, was unfrozen earlier this year under Donald Trump’s second tenure as president, enabling the Israeli regime to resume large-scale deployment of the destructive weapons.

Rafah encircled 

The regime’s minister for military affairs Israel Katz has announced that Tel Aviv was now preparing to “vigorously” broaden its assault on besieged Gaza.

As part of the escalation, Israeli forces have recently captured the so-called “Morag Corridor,” a strategic route connecting the southern Gaza cities of Rafah and Khan Younis.

Israeli military officials had declared on 12 April that Rafah, the last refuge for over a million displaced Palestinians, was now completely surrounded.

The Israeli army’s 36th Division, including the 188th Armored Brigade and Golani Infantry Brigade, reportedly advanced from both northwest and southeast axes towards the area.

Additionally, the army’s “Gaza Division” is operating along the Philadelphi Corridor, adjacent to the Gaza-Egypt border, amid the regime’s continued allegations that the stretch of land is used to transfer arms to Gaza’s Hamas resistance movement.

Death toll rises 

The intensified genocidal campaign has come at a staggering human cost. Since March 18, at least 1,630 Palestinians have been killed and more than 4,300 wounded across the Palestinian territory due to relentless Israeli bombardments and ground incursions.

Entire neighborhoods in Rafah and other southern areas have been flattened, with displaced civilians again forced to flee, this time with nowhere left to go.

Across the entire territory, essential infrastructure has been decimated, exacerbating the already dire conditions for over two million Palestinians trapped under blockade.

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