Coronavirus Job Loss India
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Manufacturing Sector Index Contracts For First Time In 11 Months: Report
The IHS Markit India Manufacturing Purchasing Managers Index (PMI), which is adjusted seasonally, clocked 48.1 in June 2021 against 50.8 in May 2021.
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Pandemic Pushed 32 Million Indians Out Of Middle Class, Says Pew Research
Financial issues brought by last year's coronavirus pandemic have pushed about 32 million Indians out of the middle class, undoing years of economic gains, a report showed today, while job losses pushed millions into poverty.
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Lockdown Made India's Billionaires 35% Richer, Lakhs Lost Jobs: Oxfam
The coronavirus pandemic has worsened existing income inequalities between India's super-rich and its crores of unskilled, and often unemployed, men and women, non-profit group Oxfam said Monday in a report to be tabled at the World Economic Forum at Switzerland's Davos.
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India's $200 Billion Tech Services Industry A Work From Home Boon For Women
The coronavirus pandemic has hit women worldwide with job losses and closures of childcare centers. Yet a surprising bright spot is emerging: India's $200 billion technology services industry, where new rules are expected to provide female workers with a broad swath of flexible work arrangements and fresh employment opportunities.
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Jobs Market On Rebound, Pre-Covid Levels Likely By Year-End: Top Firm
Jobs are returning in India as the economy recovers from lockdown-related losses, according to the head of a top staffing firm. Quess Corp, which claims to be India's largest private-sector employer providing staffing services to companies, saw its workforce rise in October for the first time since the coronavirus outbreak. Its numbers had dropped ...
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India's Services Sector Slump Eases In September, But Job Losses Rise: Survey
Still, September was the seventh straight month that activity had contracted, the longest such stretch since a 10-month run to early 2014.
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Rahul Gandhi's Take On Amit Shah's "Well-Planned Fight" Remark On Covid
Taking a dig at the government, Congress leader Rahul Gandhi today said its "well planned fight" against coronavirus has allegedly put India in an "abyss" of GDP reduction of 24 per cent, 12 crore job losses, 15.5 lakh crore additional stressed loans and globally highest daily COVID-19 cases and deaths.
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Worst GDP Contraction For India In Over 2 Decades? Data To Be Released Today
India's gross domestic product or GDP is widely expected to have shrunk in the April-June period, as data covering the quarter fully captures the damage caused by the fast-spreading coronavirus pandemic. Many economists expect the country to suffer its worst quarterly de-growth since the mid-1990s, with estimates of contraction as bad as 25.9 per c...
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Hyderabad Techie Sells Vegetables After COVID Lay-Off, Actor Offers Job
A woman techie in Hyderabad, forced to join her family in selling vegetables after losing her job during the coronavirus lockdown, has received support from many, including actor Sonu Sood, who has offered her a job. Sonu Sood has been reaching out to people hit hard by the lockdown and also donated a tractor to a farmer's family in neighbouring An...
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Won't Be Able To Protect Every Single Job: Rishi Sunak Warns Of Recession
UK Finance Minister Rishi Sunak on Thursday reiterated his previous warnings that he would not be able to save every job and that the UK is headed towards a "significant recession" hit by the COVID-19 pandemic lockdown.
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Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
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COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
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Not Just Migrants, Those Left Without Jobs During Lockdown Leaving Mumbai
While migrants labourers are leaving Mumbai in hordes, many who had better jobs are also leaving the city as they don't expect their jobs to resume any time soon. Mumbai's entertainment industry provides lakhs of jobs but with no opportunities now, many who were employed as set decorators, set assistants and make up assistants are leaving Mumbai.
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Fiat India Brings In Special Finance Schemes To Attract Customers
The company is offering lowest loan interest rates from banks and coverage in the event of a job loss among other things to its probable customers.
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Drafted As Quarantine Centres, Punjab Hotels Stare At Losses, "Stigma"
The decision to offer their hotels as centres to quarantine Non-Resident Indian (NRI) evacuees has left hotel owners in Punjab fighting a dual battle-of financial losses and the stigma of having operated as a quarantine centre, feared as source of Coronavirus infection.
-
Manufacturing Sector Index Contracts For First Time In 11 Months: Report
The IHS Markit India Manufacturing Purchasing Managers Index (PMI), which is adjusted seasonally, clocked 48.1 in June 2021 against 50.8 in May 2021.
-
Pandemic Pushed 32 Million Indians Out Of Middle Class, Says Pew Research
Financial issues brought by last year's coronavirus pandemic have pushed about 32 million Indians out of the middle class, undoing years of economic gains, a report showed today, while job losses pushed millions into poverty.
-
Lockdown Made India's Billionaires 35% Richer, Lakhs Lost Jobs: Oxfam
The coronavirus pandemic has worsened existing income inequalities between India's super-rich and its crores of unskilled, and often unemployed, men and women, non-profit group Oxfam said Monday in a report to be tabled at the World Economic Forum at Switzerland's Davos.
-
India's $200 Billion Tech Services Industry A Work From Home Boon For Women
The coronavirus pandemic has hit women worldwide with job losses and closures of childcare centers. Yet a surprising bright spot is emerging: India's $200 billion technology services industry, where new rules are expected to provide female workers with a broad swath of flexible work arrangements and fresh employment opportunities.
-
Jobs Market On Rebound, Pre-Covid Levels Likely By Year-End: Top Firm
Jobs are returning in India as the economy recovers from lockdown-related losses, according to the head of a top staffing firm. Quess Corp, which claims to be India's largest private-sector employer providing staffing services to companies, saw its workforce rise in October for the first time since the coronavirus outbreak. Its numbers had dropped ...
-
India's Services Sector Slump Eases In September, But Job Losses Rise: Survey
Still, September was the seventh straight month that activity had contracted, the longest such stretch since a 10-month run to early 2014.
-
Rahul Gandhi's Take On Amit Shah's "Well-Planned Fight" Remark On Covid
Taking a dig at the government, Congress leader Rahul Gandhi today said its "well planned fight" against coronavirus has allegedly put India in an "abyss" of GDP reduction of 24 per cent, 12 crore job losses, 15.5 lakh crore additional stressed loans and globally highest daily COVID-19 cases and deaths.
-
Worst GDP Contraction For India In Over 2 Decades? Data To Be Released Today
India's gross domestic product or GDP is widely expected to have shrunk in the April-June period, as data covering the quarter fully captures the damage caused by the fast-spreading coronavirus pandemic. Many economists expect the country to suffer its worst quarterly de-growth since the mid-1990s, with estimates of contraction as bad as 25.9 per c...
-
Hyderabad Techie Sells Vegetables After COVID Lay-Off, Actor Offers Job
A woman techie in Hyderabad, forced to join her family in selling vegetables after losing her job during the coronavirus lockdown, has received support from many, including actor Sonu Sood, who has offered her a job. Sonu Sood has been reaching out to people hit hard by the lockdown and also donated a tractor to a farmer's family in neighbouring An...
-
Won't Be Able To Protect Every Single Job: Rishi Sunak Warns Of Recession
UK Finance Minister Rishi Sunak on Thursday reiterated his previous warnings that he would not be able to save every job and that the UK is headed towards a "significant recession" hit by the COVID-19 pandemic lockdown.
-
Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
-
COVID-19 Tech Job Losses Over 10,000 Now, Show No Sign of Slowing
A huge number of tech companies are cutting staff or shutting shop. The losses continue to mount with thousands of people out of jobs.
-
Not Just Migrants, Those Left Without Jobs During Lockdown Leaving Mumbai
While migrants labourers are leaving Mumbai in hordes, many who had better jobs are also leaving the city as they don't expect their jobs to resume any time soon. Mumbai's entertainment industry provides lakhs of jobs but with no opportunities now, many who were employed as set decorators, set assistants and make up assistants are leaving Mumbai.
-
Fiat India Brings In Special Finance Schemes To Attract Customers
The company is offering lowest loan interest rates from banks and coverage in the event of a job loss among other things to its probable customers.
-
Drafted As Quarantine Centres, Punjab Hotels Stare At Losses, "Stigma"
The decision to offer their hotels as centres to quarantine Non-Resident Indian (NRI) evacuees has left hotel owners in Punjab fighting a dual battle-of financial losses and the stigma of having operated as a quarantine centre, feared as source of Coronavirus infection.
