By 2021, 150 mn people likely to be in extreme poverty: World Bank : Bulletin: Business Today
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By 2021, 150 mn people likely to be in extreme poverty: World Bank

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Rashi Bisaria | October 8, 2020

Good news for TCS employees! Company announces salary hike, effective October 1

Tata Consultancy Services on Wednesday announced a salary hike for its employees effective October 1. As of September 30, the consolidated headcount of India's largest IT company stood at 4,53,540. The attrition rate touched an all-time low at 8.9 per cent in the given quarter.

Hindustan Coca Cola Beverages offers permanent work-from-home to employees

Hindustan Coca Cola Beverages, the bottling partner of the American soft drink giant and one of India's top FMCG companies, has offered the option of permanent work-from-home for its employees that are not involved in production or sales and need not be physically present at work location. The company is also offering monetary support to employees to enable this process.

COVID-19 impact: By 2021, as many as 150 million people likely to be in extreme poverty, says World Bank

The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic and countries will have to prepare for a "different economy" post-COVID by allowing capital, labour, skills and innovation to move into new businesses and sectors. The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into

 extreme poverty this year.

Billionaire wealth hits new high of $10.2 trillion amid COVID-19 pandemic

The pandemic has been harsh to the poor but kind to the rich, it seems. The total billionaire wealth rose by more than a quarter during the early months of the coronavirus pandemic to reach $10.2 trillion in July, breaking the previous record of $8.9 trillion at the end of 2017. The surge is on account of a jump in stock prices and gains in technology and healthcare that helped the wealth of the billionaires surpass the $10 trillion mark, according to a report released by UBS and PwC.

China falls out of favour; global survey finds sharp growth of negative perception

China might be in some kind of trouble. Majority of people who took part in a survey conducted across 14 countries have unfavourable opinions on China. The survey conducted by the Pew Research Centre showed that negative view of China has increased sharply, especially in Australia and Britain. Respondents with higher income levels were equally likely to have unfavourable views as lower income levels. The same was the case across education levels.

PUBG promoters in talks with Airtel to bring back PUBG Mobile to India

Good news for gaming fans now. Chinese gaming app PUBG Mobile is reportedly talking to telecom major Bharti Airtel to bring the popular multiplayer game back on the mobile screens of its Indian fans. The central government had on September 2 banned 59 more apps including PUBG, in addition to 165 mobile applications banned on two occasions earlier, citing security concerns. The good news is that initial conversation between PUBG Corporation and Airtel over distribution rights.

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