- “Mood elevators needed to bring back the consumers“, says Rajiv Bajaj(the Auto managing director)
India should think of some mid way to get out of this Covid-19. India is being too hard now, the lockdown is too harsh and should be lifted immediately. The people from 20-60 age group should be allowed to move freely so as to get the economy restarted again. Both lives and livelihood have been hit by this lockdown. “I firmly believe that a country the size of India cannot save itself out of this crisis, it has to sell itself out of it”, says Bajaj.
2. Contract employees getting fired one by one!!
Thousands of employees who work on a contract basis, alert you can be the next one to loose your job. Contract employees are asked to leave the job as the companies squeeze out temporary staff first in a bid to trim costs. Amex company is doing the same. Cutting down manpower due to the impact of the Covid-19 pandemic on the business.
3. Railways to transport migrants without pact between host and home states.
Railways to transport migrant workers without any pact between the host and the home states. The home secretary asked states to make all the necessary arrangements for the return of the migrants. According to the Union home ministry’s stranded operation procedure, the railways will run trains for stranded workers, in consultation with MHA.
4. Jobless rate shows no improvement!
Jobless rate for week ended May 17 remains steady at 24%. Graded relaxation doesn’t show any positive impact on the unemployed rate yet. Urban India has a higher jobless rate of 27% compared with rural India’ 23% says CMIE.
5. Domestic flights to resume its operation.
Domestic flights likely to resume its operation before the lockdown 4.0 ends. “We are absolutely ready and we can start domestic flights any time with a little bit of notice. Obviously, if we get a green signal today , it will take 2-3 days for airlines to start booking and for us to calibrate the number of flights to start with”, says Union Aviation Minster. After a while notice came in that domestic flights to run from 25th of this month.