Given the government’s extensive requests on avoiding laying off employees, the majority of companies have not implemented or are not currently considering permanent staff layoff/redundancies (84%) or temporary layoff/furlough (83% without government subsidy support and 91% leveraging government subsidy).
Recently, due to the coronavirus related lockdown, the tax department announced thatit would issue refunds of up to Rs 5 lakh immediately to tide over the financial emergency.
A survey on Indian consumer sentiments conducted amid the lockdown by management consulting firm McKinsey showed that 54% people have seen a loss in income and 67% have cut back on their spending.
From managing Rs 48,576 crore on April 30, AUM of 20 credit risk funds fell to Rs 36,008 crore by April 30, latest data from industry body Amfi showed.
Sensex fell 37% between February 19 and March 23 and recovered 30% since then.
More than 200 director-level and above posts were available over the past week, according to Xpheno, a staffing firm that compiles data from job portals, LinkedIn and company sites.
The maker of Lux soap and Lipton tea, which employs about 21,000 people and reported a 7% decline in volumes for the March quarter, said it is revisiting any further increases planned for the rest of the year.
The lockdown has seen people exhausting their stock of liquor, cigarettes and other sin goods.
Innumerable examples show how we systematically destroyed lending as a profession in this country in the last 73 years of being in charge of our destinies.
59.8% of the respondents who have upskilled during the lockdown are those with a work experience of 10-14 years. On the other hand, 41% of the respondents who believe working from home is a better option belong to the age group of 26-35 years.
Here is the weekly tracker of returns from Sensex, 10-year government bond and US dollar-INR.
Rajesh Tope said 85 per cent of the state's population was covered under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) at present and the cover will be extended to the remining 15 per cent. A memorandum was signed to include government, semi- government employees and white ration card holders in the scheme in a bid to prevent private hospitals from overcharging patients
Sebi slapped a ban on short selling to stabilise the market and maintain investor confidence.