Prolonged lockdowns and closures expected to lead to an ‘even’ worse fall in total working hours, says UN agency. Some 1.6 billion workers in the
Category: Economy
Covid-19 fallout: Hotel industry revenue likely to slip by Rs 90,000 cr | Business Standard News
Given the evolving scenario, the consultants said they have revised earlier estimates of the overall revenue loss that the industry would face in 2020 During
Life after Covid-19: How the Indian automotive sector can be future-ready | Business Standard News
A three-pronged approach can help the sector navigate turbulence related to Covid-19 Due to Covid-19, automotive demand will be significantly impacted in FY21 The Indian
Covid-19 and women@work | Business Standard Column
Poor access to economic opportunity is reflected potently in India’s famously poor female labour force participation rates As expected, the national lockdown has added significantly to the
Working with the Gulf | Business Standard Editorials
India must accept responsibilities for its diaspora New Delhi will have to act quickly to ensure that the current crisis does not affect its relations
IT ministry approaches MHA on phased opening of electronics repair and sale shops – The Financial Express
Industry again urged the government to include mobiles, laptops and accessories in the essential list and allow phased opening of repair and sale shops, beginning
Buy bonds that banks shun, RBI–Economic Times
The difficulty some of India’s best regarded non-banking financial companies (NBFCs) have had in raising debt shows that much more needs to be done than
Toothless reform move for power sector–Economic Times
Yet more pretend reform is planned for India’s blighted power sector. The draft Electricity (Amendment) Bill, 2020, seeks to constitute an Electricity Contract Enforcement Authority,
Sell unsold units at ‘no-profit-no-loss’ to save interest, boost liquidity: Gadkari to realty cos – The Economic Times
Promising his full support, Gadkari also advised builders to send their representatives to ministries of housing and finance as well as the Prime Minister’s Office
MSMEs: ‘Hand-to-mouth’ crisis for MSMEs fuels calls for more fiscal aid in India – The Economic Times
As the cash-flow for MSMEs dries up, and in the absence of any fiscal support, many will be forced to cut jobs to curb costs.
Falling billion-dollar deals over virus spur court fights – The Economic Times
Among the high-profile transactions that have become feuds are Mirae Asset Global Investments Co’s $5.8-billion purchase of a US luxury hotel portfolio from Anbang Insurance
1.6 billion informal workers in danger of losing their jobs: International Labour Organization – The Economic Times
Total working hours in the second quarter are expected to be 10.5% lower, equivalent to 305 million full-time jobs, than the last pre-crisis quarter, the
IT firms TCS, Infosys, Wipro to reduce subcontractors to control costs – The Economic Times
“We will be reducing dependency on contractors to some extent to optimize it (cost). Lateral hiring will be done for specific skills in a limited
Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’ – The Economic Times
“The notion of putting 7,000 people in a building may be a thing of the past,” Jes Staley said. Barclays plans to reopen its Hong
Wall Street rallies on promising coronavirus drug – The Economic Times
All are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high. The S&P 500 posted 6 new
Momentum portfolio rejig: Battered financials go out as FMCG, pharma take the cake amid pandemic – ET Prime
In January 2020, when ET Prime came up with its portfolio of momentum stocks, valuations were stretched and investors were already getting increasingly apprehensive, but
India maps out post-Covid export plan to take on China – The Economic Times
Medical textiles, electronics, plastics are some sectors whose exports can be promoted in coming months. India will look at areas where it has capability but
Announce the stimulus, now – analysis – Hindustan Times
It must be geared towards all businesses, not just one segment. There are indications that the government is working on a stimulus. Besides the fact
Amend the FRBM Act, and spend more now – analysis – Hindustan Times
Greater public expenditure is required for relief, medical response, demand stimulus, health infrastructure Pulapre Balakrishnan Only the government can counteract slowing private investment. Its non-interventionist
Facebook-Jio: A big deal to worry about | Deccan Herald
The deal between Facebook and Reliance Industries, by which the social media giant acquired a 9.99% stake in Jio Platforms, the holding company of Reliance Jio Infocomm and
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