COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO
Geneva/IBNS: COVID-19 lockdown and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points in low-income countries, says a new briefing paper issued by the International Labour Organization.
COVID-19 economic impact: CII bats for an immediate stimulus package of Rs 15 lakh crore
New Delhi/IBNS: Top industry body The Confederation of Indian Industry (CII) on Friday said a stimulus package of Rs 15 lakh crore is needed to tackle the impact of a prolonged lockdown on the country's economy.
Jaipur/IBNS: ICICI Bank, one of India's key private lenders, collaborated with Rajasthan government to provide protective equipment to district administrations, municipal corporations, hospitals and police departments working to combat the pandemic.
Covid-19: Time to relook your Investment portfolio
Had anyone thought of this? Clean air, cleaner water, Himalayas seen from as far as 300 kms, drop in crime rate, spending time with our family, reading all the books which were stacked and what not… but all these heavenly things at what cost ?
Kolkata/IBNS: Uber has offered free rides worth Rs. 75 lakhs to the West Bengal government for emergency services through its UberMedic service, which will transport frontline healthcare workers, government officials on COVID-19 related duties, and support other essential requirements.
Covid-19: Ola launches ‘10 Steps to a Safer Ride’ for driver-partners and customers
New Delhi/IBNS: With the Ministry of Home Affairs (MHA) easing restrictions in select zones across the country, Ola, India’s leading mobility platform and one of the world’s largest ride-hailing companies, today launched a new safety initiative, ‘10 Steps to a Safer Ride’ as operations resume in over 100 cities which are in green and orange zones.
Coronavirus Outbreak In India: Apex body of amusement parks demands special package
Mysuru/UNI: Indian Association of Amusement Parks and Industries (IAAPI), an apex body representing the interests of Amusement Parks, Theme Parks, Water Parks and Indoor Amusement Centre in India, which has been facing crisis due to cronavirus, sought an urgent stimulus package for Amusement Industry to bail out from the situation.
UP government incurs huge financial loss in beginning of FY2020-21 due to lockdown
Lucknow/UNI: Uttar Pradesh Finance Minister Suresh Khanna on Saturday said that the state has faced huge revenue losses during the beginning of the Financial Year 2020-21.
Strides annonces that it commenced export of Favipiravir Antiviral Tablets developed by it
Kolkata/IBNS: Strides Pharma Science Limited (Strides), a global pharmaceutical company, has announced that it has developed and commercialized Favipiravir Antiviral tablets.
Delhi/IBNS: Famous footwear brand, Bata Group recently said that has donated one million pairs of shoes to health care workers, volunteers and their families, the front-liners fighting the Covid-19.
COVID-19: British Airways to cut up to 12,000 jobs
London/IBNS: With COVID-19 outbreak hitting the aviation industry hard, the British Airways on Tuesday announced it is set to slash up to 12,000 jobs from its 42,000-strong workforce.
Kolkata/IBNS: A global recovery is essential now in the light of the havoc being wrought by the Covid-19 pandemic on people's lives and business, said Deb A Mukherjee, President Designate, The Bengal Chamber of Commerce.
India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response
New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
Lockdown income-loss forces workers to lay hands on Provident Fund savings
Mumbai/IBNS: As many as 6,50,000 people have withdrawn money from their Employees' Provident Fund (EPF) savings to fulfill the income loss due to extended Covid-19 lockdown, said a media report.
Centre rejects report by IRSÂ officials suggesting Income Tax hike, calls it ill conceived
New Delhi/ IBNS: The Centre has rejected a report prepared by a group of IRS officers that suggested a 40 per cent hike in the income tax rate, a 4 per cent Covid-19 relief cess and imposing a super-rich tax, finance ministry officials have said, reported media.