tv [untitled] November 4, 2021 8:30am-9:00am AST
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in this denominator 3 times for the award. finally, to learn the prestigious prize for his novel, the promise, a depiction of a white family in poster party to south africa. seeing as the good fortunes fall into me, let me say. this has been a great year for african writing, and i'd like to accept this on behalf of all the stories told and untold, the writers heard an unheard from the remarkable continent that i'm part of. i'm please keep listening to us. there's a lot more to come. ah, let's check the headlines for you on al jazeera, after 5 months of uncertainty, talks to revive the 2015 iran nuclear deal are scheduled to resume again at the end of november. in direct negotiations between all signatories in vienna, lat stalled last june. after the hardliner abraham racy won the presidential
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election, the united states is welcome to the announcement by its european allies, reiterating the possibility of reaching a deal. we believe it remains possible, i'd say quickly reach and implement an understanding on a mutual return to compliance with the j. c. p. away. by closing the relatively small number of issues that remained outstanding at the end of june, when the 6th round concluded, we believe that if the iranians are serious, ah, we can manage to do that ah, in relatively short order. but we've also been clear, including as this pause has dragged on for some time, that this window of opportunity will not be open forever. the announcement of more talks happened hours after iran reported a naval incident in the gulf of oman. it accused the u. s. of trying to capture a tanka carrying its oil, the u. s. denies the claim with the pentagon saying it's bogus and ridiculous. the
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u. n. accusing all sides of atrocities in ethiopia and investigation says the government and rebels and the tigress conflict of violated human rights laws. and in some cases, may amount to war crimes and crimes against humanity. the u. k. governments, as dozens of nations of agreed to end their use of coal. i'm making this pledge at the top 26 climate summit in glasgow. signatories include poland, vietnam, and chile, that some of the world's major uses are reported to be missing from the deal. and new jersey governor phil murphy has narrowly won reelection. murphy is the states 1st democratic governor to win a 2nd term. and for decades is republican challenger, though one more votes than inspected the victory, a bright spot, and an otherwise concerning night for the democratic party. dozier headlines on al jazeera context, india. how long before these economy recovers is next? the climate has changed every year for millions of years, decades of talk,
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but the little action is all about distract, create confusion to craig, smoke and mirrors the shocking truth about how the climate debate has been systematically voted. the oil industry was a main bank roller or opposition back to campaign against the climate. do you think that's a bad thing? more to to did was years. absolutely. on of joseph. hello and welcome to context india. i'm faded. so is that coming to you from room by and context india, we take the time to deliver a fuller mol considered analysis of this country? it's politics and it's people to 4 episodes were taking a close look at what has perhaps been the biggest crisis. india has faced since independence covered panoramic this week, we're looking at the virus impact on the indian economy. the pandemic said almost no country in the world. some weather the better than the others. but the overall impact has been deep and will likely last a while. in india,
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inequality on unemployment or at some of the highest level they have been in recent years. i'll be speaking with jen cinema, a member of parliament from the volunteer agenda, representing the central government and professors just to devonne vice president of the indian society of labor economics. at the close of this week's episode will feature an excerpt from a piece of panoramic art music created through the covert month of this week. the artist drill featuring is a rapper from south india. the ah, i want to place before you to faces the theme. do the economy on the left is what became defining images of the 1st wave of colbert in india. in 2020 labourers render jobless all the night, leaving cities and walking hundreds of miles back to the towns and villages. casualties of a sudden stringent look down on the right,
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some of the richest people. as the world grappled with the pen, demik, india added to 38 billionaires to it's 2021 bridge list. 2 sets of images to very different realities. but one story that equality and india exacerbated by the panoramic during the been to make unique when you became absolutely obscene in this country. this is part of the global strip. but in india, the super rich, i did an enormous feature there. let me just give you a few data points just man of this dream. ok? sure money was making so much money every 2nd that an informal sector worker would have needed 3 years of work to make the amount of money that notation money in one second. so it's really obscene and i would say more to the number of 1000000000 us it federal and shortly. and the impact on the vehicle
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segment is also in government. is the result this challenges. but as far as my analysis is, there may dowdy be of in leaving well, the 1000000000 others is because of increased valuation in the stock market. but for the weaker section, it has been a german and government who hits millions of schemes, has tried to support the bottom step of the population. and we are looking into it . the gaping inequality isn't india or not new. the result of decades of economic problems. the virus has aggravated each and every one of these condition. let's talk about some of the big ones, starting with employment. at the end of the 1st year of the panoramic 2020, because compiled by the international labor organization showed that india is unemployment rate. was that 7.11 percent highest. the country had seen in the last decade when the 2nd be recovered, exploded in april 2021. jobs took another massive hit according to the center for
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monitoring and economy within the 1st half of the year. more than 95000000 people fell into unemployment. but it wasn't just the numbers of a significant. it was that kind of jobs being lost. let's take the case of april 20, 213400000 salary jobs are lost to be approved. 2020. what. what were they? they were mostly medium as small as get into praise, the shutting down. and as they were shutting down, their salaried employees were losing jobs. now those people are not going to get them very easily back. whereas if you are pushing a cart, it could be a carpenter, it could be a vegetable selling woman, it could be a person who's doing a gig in a, in the modern economy. all these people, when the unlocking happen though and back to work, got law of ages, but they were back to work. not like the salary people who were hit pretty badly.
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so it's very difficult for salary people to get their jobs back. and that's a severe structural hit. now, the policies announced by the more the government to shore up the economy, appear sizable vis. hookey argues to b, i may say caught, the name is gum, mark it. he had odd, mom needed her part headline program us and they bought us a self reliant india. stimulus package consisted of 3 installments of government id amounting to a total of $14.00 trillion trophies, approximately $193000000000.00 as nearly 10 percent of india $21920.00 g d p. in addition, they've and pacific measures targeting the for the bundle programs enabling access to caching as well as food green. while the monetary, some of the official announcements have been staggering,
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disbursement of actual money reached the hands of those who needed the most advanced questions. if you're looking at these notional numbers and they will also get to read them, and i think during the bend to make it would have been important to me and miss much more in eric gosh, transfers or delicately boosting up the health infrastructure when they're also other brought, you know, one of the problems is that it docs off investment in boosting the social infrastructure through the participation of private sector. it sounds good, but if you'd just announced a package image, you're giving huge amount of resources for the private sector. it would end up again lining the pockets of religion and creating some kind of infrastructure for that to be. but, but goal will not be that there are 3 important elevation. an ottoman never part of
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one large location was to the one segment in the bottom. step out the population, back one, passport to the fall. most people who love the jobs and those who need directions i checked. the 2nd is they are, we are one is being given and supported to the agriculture economy, medium, small and micro enterprises and st renders. and the part portion is about the large industries big corporate actually thought the ottoman never bought a very, very segregated into these 3 the government programs. notwithstanding a state of india many less than considerably as a result. of course, 19. ready this is not a phenomenon exclusive to india, but the magnitude of the slide in this country was in
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a class of its own. ready years of progress and india had made in addressing mosse poverty, has been robust. do studies that came out in the 1st half of 2021. back out. a report published by the university and ben glue showed that in the 1st year of the panoramic $230000000.00 indians were pushed below an awning special of $275.00 per piece of d. a $5.12 had to find them ignore happened. it had estimated 50000000 indians would have, in fact emerged from under this limit. the 2nd report by washington d. c based pure research center. 2 figures were of particular note, fosters india shrinking middle class estimated to have contracted by 32000000 in 2020 a bed with a number may have reached the fund that may have happened. the 2nd figure was of india's extremely poor. those giving an income of less than $2.00 a day. this demographic is estimated to have increased 75000000 accounting for
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nearly 60 percent of the global increased poverty. the 1st year of the pandemic, the pandemic slammed into an economy that was already on shaky ground years before 2020. the crew and virus made a difficult situation much more so. and how they get government addresses. this is something that will be watched around the world. after all, india is home to 17 percent of the world's population. it's the 6th largest economy in the world. and how would fit, have an impact on the global economy? i'll be speaking with jam, sit, help member of parliament, the by the party representing the central government and professional devonne, no to the economist and vice president of the indian society of labor economics. welcome to both of you and i thank you for your time. my 1st question missing had the b, j. b has always cost itself is good for business and good for economics. in your
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opinion, do you believe that the b j b has in fact been good for our economy? the b j b has been wonderful. find as a company and the business sector is booming despite the good ben demick, the reforms that we undertook. i don't suggest either insolvency in bankruptcy court, the monetary policy committee, the social security programs that we implemented, as well as the massive build out of infrastructure, have all made a huge difference. and the net result of all of this has been that we've seen that the corporate sector has flourished. revenues have grown strongly, profits of growing strongly. and of course the stock market is of record highs right now. uh, we have the 3rd largest startup ecosystem in the world. so this boards extremely well for the future. and i conclude by saying that india is well on track to achieving as 5 trillion dollar g, b, gothic professors of and you agree that the beeping has been good for our economy. then i agree with the question that is the b g p has been good for the corporate
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sector, but only for the corporate sector and not for anybody else in the country. the or that the lowest from 2016 onwards, the noise is g d, p. now rate of 4 percent, the highest unemployment in 40 by the us. so now you know, and then be talk about the good. i mean there's no kind of development, you know, there's no concept of people where this is concerned. and there is no indicator on which india has not fallen in global ranking. your take nutrition, you take hair, education, gender a, what a pollution, but as freedom. now at the global 100 index, we are even building it bon and bangladesh, indigo, pakistan. so no, really, what is this kind of economic policy? the just focus is on a very tiny percentage of people and forgets the citizens of the,
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of the country. so i think these are the fundamental issues really, which got it raised by that a nation is growing up collapsing whitman. this isn't a let me take that back to you. few research center this year said that india has added $75000000.00 people to it's extremely poor category and be account now for 60 percent of the global increase in poverty. would you say that this inequality is not necessarily entirely a problem of the pandemic? and this is the problem of badly managed economics. i think we have to wait for the official statistics on all of this before we come to any conclusions. the numbers that you're quoting come from on official sources that have yet to be validated with. and i just wanted, i think, what the official numbers would you wait for? because we have to look at the official numbers. we have to see what the word bank, the i m f and others. such are international agencies and our own statistical agencies are seeing before we jump to any conclusions. i'll tell you because i'm
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a elected member of parliament from the looks of. and my job is to go to our remote villages. we'll do a radius of our country to out of my constituency that if you look at the benefits that we have delivered in every religion, every house in india, whether it is bank accounts, whether it is water with its electricity, whether it is a rewards, whether it is but the houses you can see the difference in even on remote villages in the quality of life and in the quality of services that people are getting. right now, you're running the world's largest food distribution program. if you ask yourself that we've been able to provide better higher quality services to the people who really needed to look with van demick. and even earlier, you'll find that we have been able to deliver these basic services gas and windows electricity bank accounts far better than any other government in the past. taking
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the question to professor, they got up, do you believe that the government manage it stimulus? well, during a moment of faces that is supposed to fall, i think of, we need to argue and discusses debate as economists and of, and we talk about data. i think this and this is something which is very men accepted and you know, talked about through while, but there's the academic world outside or even within the government is that it is just no date on your day. in particular, expedients is very different from the empirical experience, which we have the stock market is knowing indicator absolutely no indicator of growth or development or, or the rights of people or anything, you know, end up on amendable questions. how many my didn't know data, how many debts, dutengo, they no data. how many, no giant might it is after the bend me no data these out on to sponsors,
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but in the parliament, it is no effort to collect data, a lot of us, but that it's institutions or individuals or universities or organization civil society. we have to fit in the gap and please remember that the pandemic game in a state of vend economy was collapsing. it's very clear that they impact the negative impact of the band to make is not so much of the band to make it says, but the policy response of the lack of a bond is he just wants to compassionate and antiquity policy response. do what the pandemic has served, brought about the 1st point, the other professor do. andries was that no data has been brenda, utterly untrue. the fact is that of course, prior to it, all of the official statistics will be released. of course, everything has been delayed because of the course that me, one of the numbers that she ordered, which is the 2nd point i want to respond to, is that the economy was not doing well prior to quote that is also not true. the
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high frequency indicators were showing very good to companies are moving along quite well. it's scoring that interrupted that very smart jacoby, that displaying on. so that's point number 2, point. see the be ready would be shipped because the that we are almost back to be covered levels. and hopefully once the vaccination, which of course is also proceeding very well, then we will be able to resume our growth. and in fact, i've written several articles on this topic saying that we're like you to see a repeat of the roaring twenties of resource entry of going professor that on. i'll take that question back to you about judy schemes being implemented at the end of the stick indicators, which we have to see some people's point of view and not on the business point of view of the corporate point of view to our people getting enough food are they getting enough employment? what are their wages? have the wages fallen on not fallen? i think these are the fundamental indicators between really need to talk about. now those to minister back it is primarily for the supply side. it's
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a demand site. it's only demand which can really increase the growth component as well as you keep producing and people don't have the money. so what is being produced and what is being purchased now after a lot of appeals by the end, yours and by civil society and human rights organizations, workers, organizations, etc. did a transfer of pretty food free in coats. ok. and seeing this in court, rising reed was to be given, but in limited quantities in any form they make at some point of time in certain states in particular. and with a lot of conditionality, that is not known justification for the get to the back on the tragic tree of growth. i totally disagree with that. i'm not a liberal economist, i don't study what is happening across the country because i'm a politician. i can tell you what is happening and has id, bug and intaquant, because i have visited the speediest towards my self and i have myself given out, you know, rations to people to make sure that this is happening properly. and what i've heard
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is, by the way, that it's actually going quite smoothly, the governor said, please do more of you know, of prevent anybody from getting grants, mitchell, the food is to, this is just, you know, i leave it to me to will develop, did forget to really just gone to the albany as done to the slums. gum gum! come with me. not as a politician. not as a b, b politician. as an ordinary researcher, it's a different worried mr. somehow, even though we're running out of time, that is something i must ask you and this is about the prime minister scares fund, or the pm cares fund. in march 2020, the government launched a fund as to the sing donations from india and overseas to help india fight. corbett, after repeated repeated quest, a petitions for clarity in our courts and on various other platforms in, in citizens are now told that the pm cares fund is not a government fund and therefore does not have to disclose the size of the fund or any of its expenditure, how is this mr in are appropriate in a democracy?
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logos, it is entirely within the legal framework to establish funds which are not government funds that are in your phones or that are funds of video games that can be used for charitable purposes. everything that has been done for pm gears has been done as for the legal framework that we have in our pm guest fund. use is not an official program. it's hosted on an indian government website. it has the prime minister space on its website. the are prime ministers, the ex official chairman of the fund, the ministers of defense form affairs and finance are the trustees of the fund. the website says it was created by the prime minister's office. how can this not be a government fund? and also, when donations were being solicited into this fund, the citizens were never told that this was not a government fund. and this would be a private fund with 0 accountability to the public. absolute thing, i have complete confidence that whatever has been done has been done,
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taking into account all of the appropriate legal protocols and all of the appropriate procedures and requirements off running for this game because i'm sure you know all these have been worked out. but let me give you this, we don't, you don't be, don't know, as general public orders the media, how much money is of the fundraiser. now, india spend without an estimate calculating, walked, corporate entities had declared as their donations into this bond. at $1270000000.00 in march. last. yup. this was in the 1st 2 months of the fund. would you be able to sell us where this money has been used to fight cove it and where does the accountability? so it's not a democracy in a democracy that of various remedies because it is violating a legal framework. then of course, your remedy is in the courts of law. there's another set of remedies which is a political sort of remedies of bitches in any democracies for elections. if indeed,
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that is not to the liking of the public or india, they can express their views through the ballot box and there's a constant of remedies which is through parliament and fear. very feisty opposition . i'm sure they will take it on the belief that they're not appropriate remedies to that chambliss. well, i just like to add something. you know, i think the pm gave fine, you know, the that locked down. it was declared on the 25th of march 2020, and 26 is as an elite package and on the 27th of march as the pm ged and, and i know on a salad ease in universities and colleges of pensioners, of doctors in the medical institute went on strike against one day being got to be put into the p. m. k fun. i think that the kid is, is the most perfect example of how india has fallen from a democracy to lord democracy misses and not just on back one point. government employees handed in their wages to the pm guest fund. do believe that they dissolve
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accountability of how that money is being used? well, i also, you know, essentially donated money to the b and guess fund that was done one and only as far as i'm concerned. i think the money has been extremely well spent. we have seen the back of it and i believe that it has had a tremendously valuable or do they do have a final question to the 2 of you. we are seeing foster group as of the last quarter and g d. p numbers that did come in is this sustainable and has indian us economy turned a corner, is to say, don't, absolutely, it has turned the corner. as i said, we are seeing a very strong leadership recovery moving into the grantees that are for very awful growth drivers, which is of course the fiscal and monetary stimulus that's been applied. it's the export growth. it's the startup ecosystem. and of course, the fact that people are diversifying the supply chain, therefore, what i think is we're going to see very strong, sustainable growth going forward. and that is going to, of course,
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benefit our workers. it's going to benefit all of us citizens because not just in india, but around the world, we're going to see synchronized, progressive, unseen question to you. do you believe that this growth is sustainable and you believe they've turned a corner for us? yeah, i think the growth is in sectors which you know, they do not provide any kind of sustenance and sustainable livelihood to the people of this country on the sector which has shown some kind of a growth is agricultural. and that is, in spite of the farm acts and in spite of the way that has been good implemented. so now you're in former sectors collapsed your micro smaller units, which have not got any, even, even in the last budget. there's been no stimulus. in fact, what it was there as actually been deduced in this, that don't because been used as good on the game that is developed and the,
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nor his peers don't ask is donica little bits of data then girl to does not get good. even today, people are struggling for food. so boy girl is going to come is only been you put money in the hands of people, and that's why we don't go to university of basic income. i'm going to live with that. i want to thank all my guests, the giving us time professor devonne and it's just enough. i thank you for your time. thank you so much for speaking with us on context it. and finally that out. a multitude of artists in india who've been creating work to the long months of the pandemic. we wanted to feature some very languages, they work in and the perspectives that they bring this week, the closing for the next up, the for wrap, track in family, one of the languages of south india. title to one of come virus. it translates to welcome by this, it's been written and performed by a 27 year old, single wrapper and middest. his work is about social justice and deals, especially with the politics of cost in india. this jack is about reclaiming
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tens of thousands of children, were born into or lived under the iso regime in iraq and syria. now many are in camps, either orphans all with a widowed mothers, rejected by their own communities, chicken you think people are going to welcome them after that? of course, mom and you documentary his, that chilling and traumatic stories for the children throw stones at me. iraq's last generation coming soon on al jazeera. i was both of them as australia burned, a photo journalist ran towards the flames to document the destruction. what does climate change look? walk played. with gold that we parted,
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imagine witness capturing change on al jazeera. the challenge is getting people to engage ah. ready it's a 600 hours g, m t. here on al jazeera, come all santa murray with your headlines after 5 months of uncertainty, talks to revive the 2015 iran nuclear deal are scheduled to resume again and set down for the end of november. indirect negotiations between all cigna trees in vienna stalled last june after the hard line. abraham racy won the presidential election. so now the united states is welcoming this announcement by its european allies.
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