It also mentioned some Ayurvedic practices which can help recess the symptoms of respiratory tract in possible coronavirus infected cases.
After years of disappointing growth, the economy and the markets are poised for a breakout, notes Akash Prakash.
Most of the hirings are, however, in the entry or junior level.
A big hit to China's growth or to Europe's financial system could certainly tip the global economy.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
The situation could become more acute as millions of migrants who had returned to their villages during the lockdown come back to the towns for higher wages and better livelihoods.
The biggest area of concern has to be the deteriorating labour market situation in the US.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
US President Barack Obama on Thursday hailed the return of General Motors to the US stock exchanges, saying that one of the toughest tales of the global economic recession had taken a big step towards becoming a success story.
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
The value of India's inbound and outbound trade in goods is set to touch $550 billion in the 2010-11 fiscal, with imports expected to touch $350 billion, as against $288 billion in the 2009-10 fiscal.
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
Overall, the domestic FMCG market bounced back to levels of 98 in June compared with 75 in May and 101 in March before the nationwide lockdown was announced. The pre-Covid March index for foods was 103, and for non-foods, it was 99.
Power is held to effect change. Modi has shown himself incapable of affecting it in the positive sense. On the economy, on the border, on employment, on the epidemic, observes Aakar Patel.
Apart from supply chain disruptions, Moody's also expects consumption and investment to be affected and prices of oil and other commodities to remain around current lows until the end of June.
A senior first officer with Jet Airways shares her plight.
There are a number of vaccine candidates already in clinical trial and a few out of those candidates have completed phase 1/2 status, he said, adding that there are trials that will be going into phase three sometime at the end of July and then others will follow in the months of August, September and October.
The survey confirmed that companies were shifting their focus away from cost control and returning to growth.
Investors and manufacturers have long advocated the GST.
The gradual recovery of the markets from the recent global recession promises more opportunities for aspiring pilots in the aviation industry, a top official of US-based Delta Flight School said in Chennai on Friday.
Nearly six months after he nominated Dr Islam A 'Isi' Siddiqui to be the chief agricultural negotiator at the office of the US Trade Representative, US President Barack Obama -- fed up with what the White House called 'obstructionist' policies by Senate Republicans in not confirming Siddiqui and several others -- appointed Siddiqui and 14 others as soon as the Senate adjourned for the Easter vacation-recess.
'After Vajpayee-Advani, Modi-Shah is the second best in India.'
The 50-issue NSE Nifty too cracked below the 11,400-mark and hit a low of 11,311.60, before finishing 102.65 points, or 0.90 per cent down at 11,354.25.
'India is in a slowdown which most of us have not seen in our living memory.'
The probe team's chief at that time, R K Raghavan, in his new book, said it required "tremendous persuasion" to make Modi agree to a short recess. "This was possibly Modi's concession to the need for a respite for Malhotra rather than for himself. Such was the energy of the man."
With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
Of those employers granting base pay increases, the average increase is expected to be 2.7 per cent in 2010, down from an actual 3.2 per cent in 2009.
Rediff reader Rao MA from Singapore shares his story.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
In what could have repercussions for the country's exports, the finance ministry has sounded a word of caution on world trade recovery, even as global recession appears to be on its way out.
The US India Business Council said India's 2010-11 Budget defined important steps aimed at fuelling growth and signaled that the global recession of 2008-2009 is already a remnant of the past for it.
Chief Economic Advisor Krishnamurthy Subramanian said India's economy will witness a decline in the current fiscal, but the drop will be limited if there is an economic recovery in the October-March period.
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time?
As per a survey by online job portal careerbuilder.com the challenges that the employees have come through in tiding over the economic recession last year have taken a toll on workplace morale.
Trump appeared to be unperturbed by the latest revelation that he might not have had paid income taxes for as many as 18 years.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Things are beginning to look better for the hospitality industry across the country, with an increase in occupancy levels to 10-30 per cent and hotel rates getting closer to the pre-recession ones.
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