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Virus the size of human hair exposes India's large fault line

By Saturday India had reported 918 infections and 19 deaths, triggering community infection fears.

Job creation

28 March, 2020, 09:04 PM IST



​Job losses

Trump didn’t calm the oil markets. Now it may be too late

Trump has yet to intervene, himself, despite saying last week that he might.

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  • The CBOE volatility index fell 5 points on Thursday, but was still near levels far above those in 2018 and 2019.

    On Wednesday, a trial run was conducted and this trial shall continue on Thursday as well. We are marking the working of this robot and once it passes the test, we shall decide to bring it in, said Professor S. Banerjee, senior doctor Sawai Man Singh Hospital.

    The drop in arrivals will lead to an estimated loss of $300-450 billion in international tourism receipts, almost one third of the $1.5 trillion generated in 2019, the Madrid-based UN body said in a statement. "Tourism is among the hardest hit of all economic sectors," the body's secretary general, Zurab Pololikashvili, said in the statement.

    Australia's S&P/ASX 200 index rose 1.5 per cent in early trade - its third positive start in as many sessions, but also its most muted.

    The elevator-to-submarines group said it had reached a deal with Germany's powerful IG Metall union to cut 2,000 jobs over the next three years and another 1,000 by 2026. "Forced redundancies will be avoided," it said in a press release. The job cuts in Germany were necessary to respond to "the enormous challenges in the steel sector" , it added.

    Nearly 3.3 million Americans applied for unemployment benefits last week - more than quadruple the previous record set in 1982 - amid a widespread economic shutdown caused by the coronavirus.

    ​​About 33% of Indian employees face or have faced age-based bias at their workplace.

    While there are no layoffs at present because orders are not being cancelled, exporters anticipate job losses in the next fortnight when order cancellations begin.

    At least 14 ministries have drawn up plans that are being assessed along with those of the states.

    Psychologists and therapists, who are mostly consulting through online chats as well as audio and video calls, say there has been a 20-30% surge in professionals seeking counselling and therapy online over the past two weeks. Many offline clinics, too, are switching to online therapy. As offline clinics shut in the wake of the outbreak, the online business is seeing an uptick.

    The Central Industrial Security Force (CISF) guards about 60 civil airports in the country and has an elite VVIP security wing under its command called the Special Security Group (SSG). The Home ministry has given sanction for creation of 899 posts in the CISF and subsequently another 119 posts, a senior official said.

    "Since the outbreak of COVID-19, companies have been cancelling interviews. We expect 60-65 per cent interviews getting dropped or delayed as there is lockdown in many parts of the country and people are encouraged to stay at home to curtail the spread of the virus," TeamLease Services Business Head BFSI and government vertical, Amit Vadera told.

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