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How come companies have money for PM Cares fund, but not for their staff? -Vivek Kaul

-Newslaundry.com Any company in India wanting to do business without being disturbed needs to be in the good books of the government. In the post-Covid world, companies are looking to cut costs in order to survive. They have been doing so in various ways. Some of the popular ways in the Indian context are: 1) Cutting salaries of employees. 2) Putting any fresh recruitment on hold. 3) Putting increments on hold. 4) Putting variable payouts on...

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Suggested resources to understand the COVID-19 crisis better

These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...

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Massive 145% profiteering exposed in coronavirus rapid test kits sold to ICMR -Rajeev Dubey & Vivek Punj

-Businesstoday.in Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent * The $3 per test SARS CoV-2 Antibody test kits are being imported from China's Wondfo * Its landed price, including air freight (Rs 20), to importer Matrix Labs is Rs 245 per test * ICMR placed an order to buy 5 lakh kits on March 27, 28 @Rs 600 (plus GST) per test * Importer...

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Situation of Gurgaon workers worsened after the announcement of Lockdown 2.0, shows a rapid assessment survey

-Press release by Gurgaon Nagrik Ekta Manch dated 26th April, 2020 A large number of civil society organisations came forward to respond quickly to the lockdown-induced hunger crisis among the informal sector workers in Gurgaon. Gurgaon Nagrik Ekta Manch (GNEM), an organisation working among the unorganised workers, started distributing an average of 350 ration kits per day since 27th March, 2020, the third day of the lockdown, and about 25,000 cooked...

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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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