-The Hindu Circulars were sent to all departments. Employees from a number of government departments and agencies have donated a day’s salary toward the PM-CARES fund. While the donations, meant for COVID-19 relief, were said to be “voluntary”, government circulars show that the deductions were made directly from salaries. Those unwilling to donate were asked to submit their refusal in writing. Please click here to read more. ...

-The Indian Express The extended lockdown across the manufacturing and services sectors, the resultant job losses along with the wave of salary cuts are projected to start impacting the repayment capacity of retail borrowers. Mumbai/ New Delhi: The possibility of loan defaults spilling over from the corporate sector to the retail segment, a key growth area for lenders in recent years, has been flagged as a growing concern by bankers at a...

-The Hindu Survey cites logistics issues and absence of orders, among others, as reasons Chennai: About 71% of the MSME establishments were unable to pay either partially or fully the wages due for March 2020 either due to logistics issue or absence of orders, among other issues, according to All India Manufacturers Organisation (AIMO). AIMO, which is an apex trade body focused on the interests of the MSME sector, surveyed over 5,000 traders/MSMEs...

-Livemint.com * There will be a tsunami of job losses for employees who don’t have a regular salary, people without a written contract * A labour market crunch right now can easily turn into a nightmare. Besides the possibility of social unrest, expect more demands for more reservations in government On a Monday afternoon, a day before India announced a 21-day lockdown to flatten the curve of covid-19 infections, Sunil Gupta, chairman and...

After the outbreak of COVID-19 in China during early January this year and its dissemination globally within a few days, health experts have suggested ways to check its spread exponentially among the rest of the population. In the age of internet connectivity, work-from-home and self-isolation have been advised as solutions to ensure social distancing and avoid large-scale social gatherings. Experts have asked governments and private enterprises to keep people at...