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Coronavirus impact: Twitter allows employees to work from home forever

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BusinessToday.In | May 13, 2020

India's total cases near 75,000 a day after PM Modi's economic booster

India's total count of confirmed COVID-19 cases jumped to 74,281 on Wednesday, a day after Prime Minister Narendra Modi's Rs 20 lakh crore special economic package for the country.Prime Minister Narendra Modi in his nationwide address on Tuesday announced a special economic package of Rs 20 lakh crore to help revive economic activity and make India self-reliant in the view of COVID-19 pandemic. PM Modi in his speech also pitched for promoting local businesses. Announcing lockdown 4.0 beginning May 18, the prime minister said that it will be completely different this time with a new set of rules.

Congress takes a jibe at PM Modi, says economic stimulus package only 'headline-grabbing', no details

The Congress on Tuesday dubbed the stimulus package of Rs 20 lakh crore announced by Prime Minister Narendra Modi as one that only grabs headlines, while the ruling BJP hailed it as the world's largest holistic package. The Congress and the CPI(M) said India was disappointed by the PM's silence on migrants' woes as he has failed to address the issue.

Cash transfer to poor must to revive consumption story: Nobel laureate Esther Duflo

Government, corporates as well as the social sector joining hands is the need of the hour to help the economy bounce back, said Nobel laureate Dr Esther Duflo (MIT Professor). The biggest challenge that COVID has posed is not just businesses shutting down, but also a large segment of people losing their jobs. Duflo said that it is the responsibility of the government as well as corporates to ensure that people don't get into the ultra poor bracket, from where it becomes difficult for them to get out.

Coronavirus impact: Twitter allows employees to work from home 'forever'

Twitter Inc on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world. The social media company said it will not re-open most offices before September and employees can choose whether or not to come to the facilities.

Deciphering economic stimulus: What will revive economy, what won't!

Industry wants tax holidays, export help and low-cost capital

India's manufacturing companies are looking for a financial booster dose to revive major job generating sectors like metals and mining, power, cement, automobiles, petroleum, real estate and infrastructure. An industrialist says that manufacturing industry alone will require at least Rs 5 lakh crore immediately to get out of this crisis. Capital is a big issue for manufacturing companies as Indian banks are conservative, despite providing costly capital compared to the rest of the world, said an industry expert.

Coronavirus lockdown: Maruti Suzuki resumes operations at Manesar plant after more than 40 days

Maruti Suzuki India on Tuesday said that it has resumed operations at its Manesar plant in Haryana after over 40-day closure due to coronavirus lockdown. The production had been halted at both Manesar and Gurugram facilities since March 22. The operations have started on a single shift basis with up to 75 percent employees allowed currently

After Modi's blank page, will wait for Sitharaman to help poor migrants: Chidambaram on Rs 20 lakh crore package

Former Union Finance Minister P Chidambaram has hit out at Prime Minister Modi's special stimulus package of Rs 20 lakh crore that he announced on Tuesday evening with an aim to revive the Indian economy from the lockdown. He has called the announcement a mere "headline and a blank page".

Coronavirus live updates: Rs 20 lakh crore economic package! FM Sitharaman will address media at 4 pm today

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