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Thursday, May 28, 2020

Lockdown, Day 65: India faces a jobs paradox

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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

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