COVID-19 to force 18 million Indians to find new jobs by 2030 : Bulletin: Business Today
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COVID-19 to force 18 million Indians to find new jobs by 2030

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Rashi Bisaria | February 20, 2021

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Bitcoin got another leg-up on Friday after billionaire Elon Musk defended the investment by his electric vehicle company Tesla in the popular cryptocurrency. After Musk's tweet, where he called Bitcoin "simply a less dumb form of liquidity than cash", the digital currency raced to a new high of $53,263.

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COVID-19 to force 18 million Indians to find new jobs by 2030

COVID-19 will have a lasting impact on labour markets, and as much as 18 million Indian workers will be forced to switch to a newer occupation by 2030 because of the pandemic, a report said on Friday. The impact will be "disproportionately" felt on low-wage workers in retail, food services, hospitality, and office administration, the report by McKinsey Global Institute, a think-tank, said.

RBI tightens digital payment security norms for lenders; issues new rules

The Reserve Bank of India (RBI) has toughened digital payment security norms to improve security, control, and compliance for banks and other regulated entities. The new norms come at a time when India's thriving payments ecosystem has witnessed increased occurrences of frauds, outages, and cyber breaches.

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