A senior first officer with Jet Airways shares her plight.
Most emerging economies may be returning to growth, but they are performing well below their potential.
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.
Trump appeared to be unperturbed by the latest revelation that he might not have had paid income taxes for as many as 18 years.
The US government said its massive $787-billion economic stimulus package, unveiled to rescue the country from the worst recession in decades, will benefit the development of cities and create jobs.
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.
Being the world's most expensive sport, Formula One did face some recession blues, but sponsors are coming back and there is no financial crisis, F1 supremo Bernie Ecclestone declared on Wednesday.
The types of jobs to be brought back home could require staff to work weekend shifts and up until 11pm at night. The communications workers union has said that it will be unfair for call centre operators to work for the hours, particularly for those with families.
The US economy is in danger of sliding further into recession and taking down finances of towns and cities with it.
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
Most of the hirings are, however, in the entry or junior level.
'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.
US President Barack Obama on Thursday said he has managed to pull the American economy back from brink; which has been experiencing the worst recession since the great depression of the last century.
The President, who has become chief shareholder in several US firms, said, "I don't want to run auto companies. I don't want to run banks. So the sooner we can get out of that business, the better off we are going to be".
The 'worst' for Indian exports, which are in the negative territory since October 2008 due to the global recession, seems to be over, Commerce and Industry Minister Anand Sharma said.
Britain's Queen Elizabeth II has suffered over one billion pound dip in the value of her properties owing to the current global recession.
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.
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.
As the world grappled to cope up with the "worst global recession in a generation," President Barack Obama on Tuesday said that prosperity in countries like India and China is good for the United States and West as it opens new markets for them and pushes their businesses to innovate.
After years of disappointing growth, the economy and the markets are poised for a breakout, notes Akash Prakash.
Faced with over $1 trillion fiscal deficit, US President Barack Obama has said Americans need to reduce expenditure and cut costs, or else India and China will outperform them.
Coming down heavily on top guns in the diamond trade in the country, Gujarat Chief Minister Narendra Modi on Friday warned key players that workers engaged in manufacturing gems and jewellery cannot be left in the lurch in the current global recession.
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
So clear are the signs of a US downturn that the National Bureau of Economic Research, the most prestigious US independent economic authority, said the country has been in recession since December 2007.
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.
'After Vajpayee-Advani, Modi-Shah is the second best in India.'
Women in the UK are in danger of bearing the brunt of job losses over the next eight years, researchers claimed on Thursday.
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.
More than 21 lakh individuals have become jobless in the US ever since the world's largest economy entered into recession last December, with more number of employers resorting to mass layoff actions.
Surging gold prices set yet another record of Rs 15,800 per 10 gram in the national capital on Thursday in line with the surging global bullion markets on speculation that the global recession will deepen further.
Disparity in India during last six years, senior managers have been paid 11.7 times more than their lower level workers
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.
Parts of a mutilated body washed up on the sands of Copacabana Beach in Rio de Janeiro on Wednesday, police said, just meters (yards) from where beach volleyball athletes will compete in the upcoming Olympics.
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.
Rediff reader Rao MA from Singapore shares his story.
The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal.
Use the SIP method instead of a 'wait-to-invest' policy.
Finance Minister Arun Jaitley to present Union Budget on February 28.
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.
Software firm iGate on reported a 19.42 per cent decline in its revenue at $44.8 million in the first quarter of 2009.
