New Delhi: The States of Uttar Pradesh (UP), Gujarat, Madhya Pradesh (MP), Haryana, Punjab and Himachal Pradesh (HP) have amended the labour laws. This amendment sanctions 12 hours working shift, instead of the current 8 hours, and Karnataka and Assam also have indicated similar changes. These amendments in the state labour laws are considered to […]
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New Delhi: SBI ECOWRAP has reported ‘There is a rising anti-China sentiment, in the world, over the Coronavirus issue and India needs to provide the right impetus to the Small and Medium Enterprises (SME) for exports. If India can develop the capability and take over the Chinese share in global trade, the Indian exports can […]
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New Delhi: Major countries of the world, disenchanted with China, have started exploring other options for secured investments, and the Indian government is making all possible efforts to make the best of this opportunity. Against this background, a meeting of Ministers of Finance and Commerce along with senior officials was held in the presence of […]
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Geneva: International Labour Organisation (ILO) has issued a frightening warning that the closed industries and reduced work hours have put nearly 1.5 billion jobs in jeopardy. ILO warned in its latest report that the biggest hit will be taken by the manufacturing and retail sectors and more than 430 million businesses will have to bear […]
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Washington: Kevin Hassett, the senior economic advisor from the United States, warned ‘The situation in the United States is grim. Nobody should make a mistake of ignoring it. The US economy is in waiting for the biggest and strongest jolt of the century. A major unemployment crisis of a magnitude equal to the 1929 Great Depression […]
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Washington: The unemployment levels in the United States have reached levels never seen after 1929. The Novel Coronavirus has left 16 million people jobless, and experts around the world are expressing concerns over the growing unemployment in the United States. The economists have warned that if the condition persisted, the United States and in turn, […]
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Brussels: – It is becoming clear that the Pakistan economy, already passing through a crisis, will hit rock bottom. Although the Pakistani government and citizens are disturbed by this, it is, however, viewed as a golden opportunity by the terrorist organisations. This fear has been expressed by the South Asia Democratic Forum based in Brussels. […]
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Paris/Tokyo: Coronavirus has claimed more than 5,000 lives across the globe, thus taking the total number of deaths to 70,559. The numbers are increasing very rapidly in the United States. However, the situation in the European countries is claimed to be under control. A sensation has been created after new cases were reported from China. […]
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Vienna: The agreement between OPEC, the main organisation of the oil-producing countries, and Russia, regarding oil production cut, has fallen through. This caused the international oil rates to tumble and they slid to below $47 per barrel level. A leading analyst and advisory company, from the oil sector, warned that if OPEC members do not […]
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Lumpur: Malaysian Prime Minister Mahathir Mohammed advised that the Islamic countries should start using Gold Dinar as currency or barter exchange system. Mahathir Mohammed expressed confidence that this would facilitate countering sanctions imposed by countries like the United States. Iran and Turkey have supported the idea, and there are indications that steps will be initiated […]
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