Showing posts with label coronavirus update. Show all posts
Showing posts with label coronavirus update. Show all posts

Tuesday, May 26, 2020

Nationwide lockdown to contain Covid-19 has failed: Rahul Gandhi


Congress pioneer Rahul Gandhi on Tuesday said the four periods of across the country lockdown have "fizzled" and not given the outcomes that Prime Minister Narendra Modi anticipated.
Tending to a question and answer session in Delhi, he requested that the focal government explain its procedure most definitely and how it plans to help vagrants and states.
"What is the focal government's arrangement to go ahead as the infection is developing exponentially in the nation," he inquired.
"The four phases of lockdown have not given the outcome that the Prime Minister expected," he stated, including that it is quite evident that the point and motivation behind lockdowns have bombed in India.

"India is the main nation on the planet which is loosening up the lockdown when the infection is 'exponentially rising'," he noted.

Thursday, April 2, 2020

Covid-19: Biz sentiment sinks to record low; mfg activity down in March

The country's manufacturing sector activity grew at the slowest rate in four months during March, hampered by softer rises in new business as international demand faltered owing to the coronavirus pandemic, a monthly survey said on Thursday.
IHS Markit India Manufacturing PMI fell to 51.8 in March, from 54.5 in February, signalling the slowest improvement in business conditions since November 2019. This is the 32nd consecutive month that the manufacturing PMI has remained above the 50-point mark.
In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "The Indian manufacturing sector remained relatively sheltered from the negative impact of the global coronavirus outbreak in March, however, there were pockets of disruption and a clear onset of fear amongst firms," Eliot Kerr, Economist at IHS Markit, said.
Moreover, the confidence towards the business outlook plummeted to a record low, with positivity tapered by Covid-19 concerns, the survey said.
"Should the trajectory of injections continue in the same vein, the Indian manufacturing sector can expect a much sharper negative impact in the coming months, similar to the scale seen in other countries," Kerr said.
According to the survey, the sentiment towards the 12-month business outlook weakened in March. Some panelists said there are fears of prolonged shutdowns due to Covid-19 and the associated negative impact on demand.
Commenting on the latest India survey results, Kerr said new orders and output both grew at softer rates, but those readings were relatively tame compared to those seen at goods producers in Europe and other parts of Asia.

"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.

Friday, March 20, 2020

India to offer unemployment benefits to workers affected by coronavirus

Currrent Affairs
The Union government is intending to give joblessness advantages to an area of sorted out laborers who may lose their positions due to the coronavirus pandemic. This will be along the lines of measures taken by certain nations, for example, the United States to battle the effect of the pandemic, otherwise called COVID-19, on the working populace.
The administration's 'Atal Beema Vyakti Kalyan Yojana', which gives joblessness protection to laborers who have bought in to the Employees' State Insurance (ESI) conspire, will cover such specialists during the pandemic. The ESI is a self-financing medical coverage plot for formal division laborers in India oversaw by the Employees State Insurance Corporation (ESIC).
Under the plan, which has been operational since July 2018, laborers who become jobless get remuneration as money as long as a quarter of a year of joblessness. Be that as it may, this can be profited just once in a blue moon.
"The work and business service is hoping to broaden the plan and permit laborers to benefit of joblessness protection on the off chance that they are affected by coronavirus," a senior government official said.

Laborers get money to the tune of 25 percent of the normal compensation that they were getting over the most recent two years of their activity under this plan. In any case, a significant condition for laborers to get the joblessness advantage is that they ought to have been a supporter of the ESIC for at any rate two years….Read More

Sunday, March 15, 2020

COVID-19 panic-buying: Factories re-orient ops as US supermarkets run dry

Current Affairs
With grocery stores deprived of nourishment and numerous different fundamentals, shopper item organizations stopped industrial facility runs of specialty things, for example, scented fade so as to accelerate creation of progressively essential product that is sought after.
Retailers have cautioned that accumulating tissue, cleaning supplies and nourishment staples was filling deficiencies and feeding dread. Amazon.com, the greatest online retailer, said it sold out of numerous family unit staples after requests spiked. As the quick spreading coronavirus keeps on disturbing buyers across Europe and the United States, Trump held a call on Sunday with 30 administrators from supermarkets including Amazon.com's Whole Foods, Target Corp, Costco Wholesale Corp and Walmart Inc. Trump Administration official Larry Kudlow guaranteed TV news watchers that US supply lines were "working really well."
"The basic food item production network won't shut down," said Doug Baker, who drives emergency the board for the Food Marketing Institute (FMI), the exchange bunch speaking to nourishment retailers and wholesalers.
That doesn't imply that each item and Doritos chip flavor will be on store racks. As production lines move to nonstop tasks, they are concentrating on the most elevated need things to address the remarkable flood sought after, said Baker.

For instance, as opposed to wrenching out blanch in a few unique sizes and aromas, they will restrain creation to the most mainstream. Slow-selling kinds of specific nourishments may likewise be ended. That spares times since machines must be changed to create an alternate item. "Makers have likewise begun apportioning products so they can guarantee equivalent circulation the nation over," Baker said....Read More