Formula One has put almost half its staff on furlough until the end of May due to the novel coronavirus with chairman Chase Carey and senior management also taking a pay cut, an F1 spokesman said on Tuesday. Sources said those on furlough were mainly employees whose work was focused on race weekend activities and who could not carry out duties remotely. The Liberty Media-owned company employs in excess of 500 people.
"We have paid a huge price in the second wave. We don't know if there is any household which has not suffered in the second wave, closely or remotely," the bench observed.
The RBI on Friday said the impact of coronavirus outbreak on the economy will depend on the intensity, spread and duration of the deadly virus even as the central bank refrained from projecting any numbers for growth and inflation amid the widespread uncertainty. While announcing the seventh bi-monthly monetary policy statement for 2019-20, RBI Governor Shaktikanta Das said that in view of the impact of coronavirus pandemic, the growth projections for 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the full fiscal are "now at risk".
From his early years to the duties and pleasures of royal life, we take a look at the life of the Duke of Edinburgh.
A greater payment security mechanism for power generation companies to ensure timely payouts for supply of electricity will be in focus in 2022 as stricter rules are on the anvil for 24x7 power supply amid discoms' outstanding dues at a whopping Rs 1.56 lakh crore. Mounting outstanding dues of distribution companies (discoms) to electricity generation companies (gencos) have been a perennial issue affecting the entire value chain in the power sector and are also a hindrance for the ambitious goal of 24x7 power supply across the country even when the payment for coal is made in advance. The situation persists despite the fact that discoms' dues become overdue after 45 days of generating bills and they also have to pay penal interest on the overdue amount in most of the cases to gencos.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
This divisiveness is upsetting social cohesion and can throw the bright young people thronging to Bengaluru with billion dollar ideas in their creative minds off balance, warns Shekhar Gupta.
Get inspired from these celebs who have found interesting ways to stay fit with their families.
Organisers said they would explore partnering in areas including the exchange of personnel and information and language services, and actively promote each other's Games and work closely on the flag hand-over ceremonies.
TheWhat led to Pakistan not taking advantage of India's difficulty is the hold that the US has over the Pakistani ruling elite, observes Colonel Anil A Athale (retd).
When Maharaj Krishan Kaushik and Ravinder Pal Singh stood on the victory podium in Moscow 40 summers back, little did they know that cruel twist of fate would put them together in life and now in death.
The 2009 work entitled "Devolved Parliament" was sold following a 13-minute battle between 10 different bidders.
"We are strengthening our communication and other infrastructure to continue the agitation for a long period," said Deep Khatri associated with managing logistics at the Singhu Border protest site.
Seven things already different about our everyday life in 2020.
The field intelligence units of the Army coupled with inputs comprising HUMINT (human intelligence) and TECHINT (technical intelligence) indicate that around 300 terrorists, mainly of the banned Hizbul Mujahideen and Lashker-e-Taiba (LeT), are waiting across the border to sneak in, officials said, citing reports from Srinagar collated in the national capital.
Here are other key moments and athletes to look out for at Tokyo 2020 when the sport gets underway in earnest on Saturday
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
The Emergency greatly influenced the RSS' makeover from a fringe force in the Indian political imagination to one that could have its own man sworn in as prime minister in two decades' time. A riveting excerpt from Christophe Jaffrelot and Pratinav Anil's India's First Dictatorship: The Emergency, 1975-1977.
Deloitte's recruitment process will involve a resume screening, a telephonic interview, and a face-to-face interview if you apply online, says Sarvesh Agrawal.
Sandeep was nabbed from the same house where LeT commander Bashir Lashkari was killed on July 1. His arrest led to Shah being caught.
Hanuma Vihari wanted to utilise the summer months playing county cricket in England but the COVID-19 pandemic has put paid to the India all-rounder's plans for the time being.
'The Olympics postponement may not be a political body blow to Abe Shinzo, but it is no denying that the economic cost of the postponement of the Games will be heavy for Japan,' observes Dr Rajaram Panda.
Model Arlette Evita Grao tells us how she stays so fit.
'Me and my boys had never ever thought in our wildest dreams that we would be taking part in a rescue mission of this kind.' IAF Veteran Air Commodore Nitin Sathe, a helicopter pilot himself, reports on how the air force rescued those trapped in the Deoghar cable cars disaster last fortnight.
Japan is not making any preparations to postpone the 2020 Olympics, the government's top spokesman said on Wednesday, stressing Tokyo's resolve to host the event as scheduled despite the global spread of coronavirus.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
Frugal vacations are passe!
'Its aim is to force the Bhutanese government to cede territory that China wants elsewhere in Bhutan to give Beijing a military advantage in its struggle with New Delhi.'
Locust swarms can vary from less than one square kilometre to several hundred square kilometres. There can be at least 40 million and sometimes as many as 80 million locust adults in each square kilometre of swarm. Here's everything you need to know about the latest threat to India from the skies.
On his first visit to Srinagar post the abrogation of Article 370, Home Minister Amit Shah claimed that incidents of terrorism have declined and stone-throwing incidents too have ended in Jammu-Kashmir.
'The Olympic Spirit has been thrown to the wind in Xi Jinping's China.' 'The International Olympic Committee is ready to kowtow to totalitarian China,' notes Claude Arpi.
The government has also extended till August 31 the repayment date of short-term crop loan of up to Rs 3 lakh for agriculture and allied activities. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will give respite to farmers and also help them take a call on which kharif (summer) crop to grow as sowing picks up with the arrival of southwest monsoon.
The Indian teenager will train at Basketball Australia's Centre of Excellence from November 7-24.
The Indian Army also deployed an additional brigade from the northeastern region in Kashmir to strengthen its counter-infiltration grid on the Line of Control.
Short trips can be made to interesting places at 15-20 per cent lower prices.
Fitness coach Rajvee Gandhi from Fitternity tells you how to fight off sadness, bloating, and lethargy in the dull weather.
What does Shilpa Shetty do when she travels abroad?
The Reserve Bank on Friday projected retail inflation to be in 5-5.2 per cent range during the first half of the next fiscal year, expecting further softening of vegetables prices in near term. Also, it has lowered the retail inflation forecast for the current January-March quarter of 2020-21 fiscal at 5.2 per cent. The Reserve Bank (RBI) has kept the key policy rate unchanged at 4 per cent, with an accommodative stance, so as to ensure that inflation remains well within the target, Governor Shaktikanta Das said while announcing the last monetary policy of 2020-21.
Amidst concerns that cash-strapped governing bodies will give priority to men's events over less-lucrative women's fixtures once the health crisis triggered by coronavirus pandemic is over, star Australia all-rounder Ellyse Perry believes that women sport will emerge unscathed. Sporting activities around the world have been brought to a grinding halt by the coronavirus outbreak.
Temperatures have soared to 50.3 degrees Celsius, but no deaths from the heat have been reported from Churu.
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