'Kindling the private sector's animal spirits is more important than focusing on how government can give jobs on its own.'
The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.
Nearly 700 of the 1,500 employees, who still claim to be on the payroll of the defunct airline, are women.
The most experienced administrator in the country seems to have sat back and allowed bureaucrats and policemen to manage the lockdown, observes Jyoti Punwani.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
HR Guru Mayank Rautela offers practical advice.
The party promised to contain inflation, pursue tax reforms and promote foreign investments.
The count of the unemployed mounted to 38.7 million in December 2020 compared to 27.4 million in November, registering a massive increase of 11.3 million, reveals Mahesh Vyas.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
'Thanks to them, I have enough money to run my house for three months at least.'
Nearly 31 million Indians are unemployed and looking for jobs. While economic growth has been humming along, the pace of job creation has been poor. A revealing excerpt from Dev Kar's India: Still A Shackled Giant.
'Unlike Andhra Pradesh or Tamil Nadu, there is no opportunity for workers to earn a livelihood in Bihar.'
On reforms in pipeline, she said the government is for universal right to minimum wages and wants to remove regional disparity through a national floor wage.
The unprecedented health crisis forced an indefinite shutdown of all sports activities -- both contact and non-contact. The FICCI said non-contact sports can resume first by maintaining social distancing norms.
The migrant workers were walking along the rail tracks apparently to escape the attention of police. A video clip from the scene of the tragedy shows the bodies of migrant workers lying on the tracks and nearby with their meagre personal belongings scattered around.
The 30-share BSE Sensex ended 118.99 points higher at 21,193.58 and the broader 50-share Nifty gained 34.90 points to close at 6,313.80.
Crippled by poverty and the coronavirus lockdown, Sunil's family in Dumrikhurd village in Chauri Chaura police station area was forced to conduct a dummy funeral for him, setting an effigy on fire.
The Kerala chief minister's four years in office may well be remembered for the way he handled Cyclone Ockhi, two floods, Nipah, and now COVID-19, reports Shine Jacob.
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
The MLS and NBA were paying particularly close attention to Friday's events as many of the positive tests occurred in Florida where both leagues have announced plans to restart their seasons at Orlando's Walt Disney World.
The United Progressive Alliance's (UPA) growth story is far from truth and is mere a statistical jugglery.
The current Federal rules require an H-1B visa holder to leave the US along with family members within 60 days of losing his job. The H-1B visa holders have started a petition campaign on the White House website to extend the timeline for their stay in the US to 180 days after they are being laid off.
MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.
Putham Pudhu Kaalai is refreshing like the unsuspecting morning dew that teases your senses when you step on the grass barefoot, discovers Divya Nair.
India has been put in lockdown to halt the spread of the coronavirus outbreak. People have been told to stay indoors, but for many daily-wage earners this is not an option.
"I have only Rs 200 left with me. I have not even got the refund for the cancelled ticket. We don't have agricultural land back home. I know it will be hard there, but I will be with my family. I am happy having 'roti and chutney' with them," says Jitendra Mahto, a migrant.
'The BJP and RSS accept that the party is winning election after election because of Modi.' 'If the BJP is winning due to Modi, it will also lose due to Modi.'
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
BSE small-cap index, which ended over 1% higher, outperformed the benchmarks significantly.
'The economy of Kashmir has collapsed.'
The labour participation rate tells us how many of the working age population are willing to be employed. If this proportion keeps falling as it evidently is, it does not bode well for India's growth story. It renders all stories of a revival in the economy as a myth, warns Mahesh Vyas.
Neither Biden nor his successors can any longer ignore the threat China has come to pose to the US in both economic and military fields, observes Virendra Kapoor.
The company had entered into a pact with state run miner Odisha Mining Corporation (OMC) to source bauxite from the ecologically fragile Niyamgiri hills with deposits of around 70 million tonne.
Flurry of economic reform suggests Modi realises his muscular nationalism script is getting jaded. Chances are he'll try for economic recovery but stick to what's worked so far, observes Shekhar Gupta.
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
The winds of nationalism laden with religion will now yield to those of concern over the stalled economy, unemployment, and a general malaise and unhappiness, predicts Shekhar Gupta.
Golden girl Kangana Ranaut.
The heart-wrenching story of a man who sent telegrams for a living for over half a century
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