'Just see what kind of political, social and economic impact it will have when the number of unemployed goes up four times in one year suddenly.'
The Nikkei India Manufacturing Purchasing Managers Index (PMI), fell from 52.1 in February to a five-month low of 51.0 in March, indicating the slowest improvement in operating conditions recorded by the survey since last October.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
HR Guru Mayank Rautela offers practical advice.
The Bharatiya Janata Party MLAs staged a walkout ahead of the voice vote.
To young professionals I would say, work hard, play hard and not be constrained by fads like WLB, says Sudhir Bisht.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
'India should take up defence manufacturing in a more serious manner and encourage greater private participation.'
Boris Johnson urged the public to contain their impatience against the lockdown.
A handler of Pakistan's Intelligence Operative and one Border Security Force serving officer have been arrested.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
Of the 6,400 Toyota employees, about 4,000 are union members and the remaining of them are on contract in both the factories.
Every house in the Achota village of Dhamtari district in Chhattisgarh has children who roll bidis but are outside the scope of child labour laws.
Successful inroads in new markets could drive Escorts' national share above the current 11 per cent, reports Ajay Modi.
New Jersey Senate in US has approved a bill to ban companies, which take government contracts, to move their call centres abroad for cheap labour
Indeed has seen an increase in listings for drivers, food delivery runners, and other service providers.
Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India.
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
Finding itself trapped in a cul de sac, all things considered, a negotiated climbdown at this juncture seems the only sensible course available for the Centre, suggests Virendra Kapoor.
The corona-fuelled lockdown having shattered their dreams, they are now walking, cycling and hitchhiking hundreds of miles under an unforgiving sun blazing down at over 40 degrees to reach their homes in an impoverished Bihar, where an uncertain future awaits them.
'It is not clear how the NDA government -- including Defence Minister Nirmala Sitharaman and Finance Minister Arun Jaitley, backed by senior IAF officials -- claimed that the 36 Rafale contract with Dassault in 2016 cost the IAF 20% less than Dassault's 126 Rafale offer,' notes Ajai Shukla in the first of a three-part series.
Images from the football matches played across Europe on Tuesday.
'The real estate sector has been badly bruised because it has become too reliant on funding from NBFCs, including housing finance companies. 'When the NBFC industry was rocked late last year by a large default, the real estate sector was hit hard. 'An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown', says Pranjul Bhandari.
'We have promised to ensure reduced tax rates.'
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
The three-month old lockout at Apollo Tyres's unit at nearby Kalamassery has been lifted and the factory will start functioning from Friday.
'You will see more and more people working independently -- starting beauty parlours, driving cars, etc.' This is what we call the gig economy.' 'The same people who have been laid off in India or are unable to get visas to work in the US may be part of this gig economy.' 'India needs billions of jobs, and it can only be created by self-employment or the gig economy.'
At a time when political parties are coming up with poll promises like job guarantees, OECD, a group of rich nations, has found that nine in 10 employees in India do not have a formal labour contract and social security benefits such as advance dismissal notices.
While India's GDP growth slowed to five-year low of 5.8% in Q4, China grew at 6.4%.
The partially convertible rupee closed at 61.45/46 per dollar, weaker from Wednesday's 61.35/36.
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
What came to the rescue of the IIP numbers in February were mining and electricity.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
Apollo Tyres on Thursday said it is looking at laying off about 1,500 of its workforce.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
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