The pandemic depression is over but the pandemic recession has just begun in the US

The pandemic depression is over but the pandemic recession has just begun in the US

By Neil Irwin There is a straightforward narrative of the economy in 2020: The world shut down in the spring because of the coronavirus pandemic, causing an economic collapse without modern precedent. A sharp recovery began in May as businesses reopened. That is accurate as far as it goes. But the snapback effect over the … Read more

Delhivery to create 15,000 seasonal jobs this festive season

Delhivery to create 15,000 seasonal jobs this festive season

New Delhi: Supply chain services provider Delhivery on Wednesday said it aims to create over 15,000 seasonal openings across operations over the next few weeks in the run-up to the festive season. The company is also geared up to handle 65-75 million packages in the upcoming festive season, which is almost a 100 per cent … Read more

Covid-19 impact progressing from supply shock to demand shock: BofA Securities

Covid-19 impact progressing from supply shock to demand shock: BofA Securities

The economic impact of Covid 19 outbreak is progressing from a supply shock, to a demand shock as incomes and jobs shrink according to a survey by BofA Securities and it expects demand boosting measures from the government. A survey of over 1000 persons by BofA Securities shows that COVID- 19 outbreak is fast progressing … Read more

Opposing for posing’s sake: Successive governments have been held in thrall by a few state governments

Opposing for posing’s sake: Successive governments have been held in thrall by a few state governments

Plato, in Euthydemus, complains that the philosophers known as the sophists are indifferent to what is actually true or false, but are interested only in winning arguments. In other words, they are no different from our modern political class on the current agriculture reforms, where many of them are only trying to spread bovine faeces … Read more

NEP will help create jobs, entrepreneurs: Pokhriyal

NEP will help create jobs, entrepreneurs: Pokhriyal

Guwahati: Union Minister Ramesh Pokhriyal on Tuesday said the NEP will facilitate creating of jobs and entrepreneurs and help the country’s education system meet the global standards. The New Education Policy 2020 will benefit students, he said addressing the 22nd convocation of IIT Guwahati through a video conference. “There was no change in the education … Read more

Focus on urban jobs, invest more in cities to accelerate post-Covid recovery: Panel to Finance Commission

Focus on urban jobs, invest more in cities to accelerate post-Covid recovery: Panel to Finance Commission

NEW DELHI: Cities are the worst hit by Covid-19 and the Centre should consider increasing fund allocation to strengthen urban local bodies, and enable them to meet exigencies of pandemic-like situations and facilitate their faster recovery, a study commissioned by the Fifteenth Finance Commission has said. It also suggested that the government tweak the proportion … Read more

Reversing trend: Jobs in Indian companies attract resumes from abroad

Reversing trend: Jobs in Indian companies attract resumes from abroad

(This story originally appeared in on Aug 13, 2020) MUMBAI: When TeamLease Services recently advertised for an opening in a marketing role at the recruitment firm, it was surprised to receive a response from candidates not only across India but from the US as well. Both employers and employees have recognised the potential of working … Read more

US tech firms support lawsuit challenging H-1B visa suspension; fear jobs will move offshore

US tech firms support lawsuit challenging H-1B visa suspension; fear jobs will move offshore

Pune: More than 50 American technology firms including Microsoft, Amazon and Facebook have filed a brief in a California court on Monday, supporting a lawsuit challenging the temporary ban on the entry of non-immigrant visa holders into the US.These technology companies, among the world’s largest, said the visa restrictions would hurt American business, rather than … Read more

Only 5,000 out of 24 lakh registered skilled migrants got jobs in 116 districts

Only 5,000 out of 24 lakh registered skilled migrants got jobs in 116 districts

New Delhi: Government is said to have informed the Parliamentary Standing Committee on Labour that though more than 24 Lakh migrant skilled labourers had registered for jobs in the wake of the COVID pandemic, only 5000 could be given employment in their home state. The union ministry of Skill Development officials shared the figures with … Read more

Delhi govt to launch special programme to generate more employment opportunities: Gopal Rai

Delhi govt to launch special programme to generate more employment opportunities: Gopal Rai

Delhi minister Gopal Rai on Sunday said the AAP government will launch a special programme to generate more employment opportunities in the city, a move aimed at reviving the capital’s economy, which was affected due to the lockdown. The labour and employment minister told that as part of the special programme, Chief Minister Arvind Kejriwal … Read more