In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.
While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry, notes Mahesh Vyas.
China's birth rate has been in decline since 2017, despite easing of the 'one-child policy' in order to avert an incoming demographic crisis.
The Labour Bureau survey, which analysed the period between June and September, noted that the country's overall employment increased by 315,000 during this quarter.
A seasoned banker with over 30 years of experience, Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh. He has a post-graduate degree in management from Xavier Labour Relations Institute.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Chief executive officers of airlines have asked the government to bear 50 per cent of three months' salaries of employees.
The UK PM was bound by law to issue a letter seeking a delay to Brexit after MPs voted in a historic Super Saturday Parliament session to delay voting on his motion on a new Brexit deal.
Around 700 migrant workers, women and children have lost their lives in this reverse migration. But what is happening today with the migrant labour is only a continuation of the policies pursued by the Modi regime during the last six years. It is not for nothing that India was ranked the most dangerous country in the world for women in 2018 by the Thompson Reuters Foundation poll, points out Rashme Sehgal.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
Though May won her Maidenhead seat in south-east England with 37,780 votes, she faced pressure to resign after losing her parliamentary majority.
Around 40 per cent of the country is staring at drought-like conditions ahead of the monsoon as water levels have receded sharply.
According to sources, all private offices will work from home and only government offices and essential services will be open.
State labour minister Purnendu Bose told PTI that the management did not turn up at the tripartite on Tuesday, but sought a bipartite meeting with the government.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
Twelve months ago Liverpool were ripping up the record books on the way to their first English top-flight title for 30 years but defeat by Everton on Saturday left them mulling a host of far less flattering statistics.
'"We have lost our jobs, we have lost our savings, we have been beaten up for being on the streets, we have walked for a thousand kilometres, we have seen our children starve or die because nobody came to help us".' 'For such people, the relationship with the government has gone,' notes Aakar Patel.
Sanjay B Jumaani, India's leading astro-numerologist, makes his predictions.
'We all grew around our mom's love for cooking and obviously we took it for granted. But now, I really miss it... I miss her.'
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
7 million jobs will be created in formal sector in FY18
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
In Sandelerbil village alone in the Hingalgunj block in the Sundarbans, around 36 families from the Scheduled Caste community migrated from Tamil Nadu in March, where they had been working in a gas oven factory. A majority awaits dues promised but not paid. The story is no different in the villages of Manipur, Atapur, and Amtoli under the Sandeshkhali block in the Sundarbans.
There is no doubt that archaic labour laws governing employment of contract labour have fanned tensions at the workplace and need to be amended.
'The Child Labour (Prohibition and Regulation) Amendment Bill' makes employment of children below 14 years as cognisable offence for employers and provides for penalty for parents.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
The project will house 3,000 residential units across 10 towers in the first phase on a 20-acre land parcel that Raymond owns in Thane
'This confrontation could have been avoided by a less arrogant administration that initially listened, used whatever negotiating skills they had and tried to be more credible,' observes Ramesh Menon.
''We have a very difficult period ahead of us.' 'Fortunately we have a popular government and a popular leader who is ideally placed to take us into confidence,' says Aakar Patel.
BJP leader and Union minister Prakash Javadekar said the Modi government's decision to impose the lockdown has ensured that India suffered much less than countries like the United States, France and Spain.
While the denial rate has dropped slightly to 21 per cent in 2019 from 24 per cent in 2018, the National Foundation for American Policy has said it is much higher for Indian IT companies like Tata Consultancy Services (TCS) and Wipro and very low for American companies like Amazon and Google. For instance, the denial rate for TCS and Infosys in 2019 was 31 per cent and 35 per cent respectively, whereas for Wipro it was 47 per cent and 37 per cent for Tech Mahindra. On the other hand, the denial rate for the new H-1B petitions in 2019 was just four per cent each for Amazon and Google. The denial rate for Microsoft during the same period was six per cent, and Facebook along with Walmart was just three per cent each.
India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.
The addition of a million jobs as promised by Tejashwi Yadav would make a big impact. But the electorate needs to raise its expectations, notes Mahesh Vyas.
'By killing innocent people, they are using Sun Tzu's tactics of 'kill one, terrify thousands.'
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
The 457 visa programme, used by over 95,000 foreign workers, a majority of them Indians, was replaced on March 18 by a new Temporary Skills Shortage visa programme.
Recovery was largely driven by the European Union markets.
During this period, employment increased in almost all sectors except transport, which saw a marginal decline, according to the Labour Bureau, under the labour and employment ministry.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
