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    Thursday, May 28, 2020

    Lockdown, Day 65: India faces a jobs paradox

    CORONAVIRUS UPDATES

    28 May, 2020 | 05:55 PM IST


    Lockdown, Day 65: India faces a jobs paradox

    There is a paradox seemingly rooted in inequality when it comes to the country's job crisis post COVID-19. According to CMIE, some 122 million Indians were forced out of jobs last month. These include hawkers, roadside vendors, and construction workers

    While white collar workers have lost jobs too, the fact remains that COVID-19 will push a number of Indians into crippling poverty. It's all a mess but the GDP numbers which come out tomorrow should give us a clearer picture.

    Track this space for latest updates...



    COUNT SO FAR

      Mumbai adds 1,044 cases, total cases at 33,835
      Chandigarh reports 6 new cases, total at 288
      Odisha reports 67 cases, total number at 1,660
      Rajasthan reports 131 cases, total at 7947
      Andhra Pradesh reports 54 cases, total at 2841
      Karnataka reports 75 cases, total at 2493
      Himachal Pradesh reports 3 cases, total at 276
      131 more from Maharashtra Police test positive
      Number of infected AIIMS staff reaches 195
      Uttarakhand reports 24 cases, total at 493
      Indore reports 78 new cases
      Manipur reports 7 new cases

    World India
    Tally Toll Tally Toll
    5,690,182 355,575 158,333 4,531
    LIFE UNDER LOCKDOWN

      Domestic travel resumes in West Bengal
      14-day quarantine must for foreign returnees in Haryana
      NDMC headquarters sealed after employee tests positive
      SC lays down rules for State and Centre for migrant workers
      Marquee brands look at moving back to streets from malls
      Agritech startups help crumbling farming community
      Rs 2,000 fine for home quarantine violation in MP

    BUSINESS AND ECONOMY

      Google looks at Vodafone Idea stake as part of India plan
      Govt to release GDP data tomorrow
      Arr India joint forum seeks a Rs 50,000 cr succour from the govt
      Government seeks USD 520 million from Cairn Oil & Gas
      KIA to invest another $54 million in Andhra Pradesh
      Indian economy to contract 5% in FY21, says S&P
      Loss of revenue tops hurdle list: Leading corporates
      Amazon India pushes private labels to increase profits
      RBI stops 7.75% savings bonds

    GLOBAL ECONOMY

      Boeing cuts 12,000 jobs
      Nissan plans to close Barcelona factories, to cut 3,000 jobs
      TikTok's parent ByteDance generates more than $3 bn of net profit
      SoftBank's Vision Fund is planning to cut 10% of staff
      UK furlough scheme now covers 8.4 million workers
      10 years of depression and debt ahead: Economist Nouriel Roubini
      Global jobs slump is bottoming out: LinkedIn

    AROUND THE WORLD

      Brazil's death toll crosses 25,000
      Las Vegas casinos to reopen next week
      South Korea reports 79 new cases
      America crosses 1,00,000 deaths
      China reports 23 new cases
      Covid may never go away even with a vaccine, shows report
      Pakistan uses militant-tracking tech to hunt virus
      Researchers discuss 'immunity passports'
      Pandemic may push 86 mn more children into poverty by year end: Report
      Nepal case tally crosses 1,000

    DEBATE THIS

      Do you think India messed up the lockdown? Tell us here


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