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India Inc resorted to salary cuts in Q1, will be drag on economic recovery: Report
The “weak” wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said.
An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand. Resuscitating wages will be critical for a revival of the overall economy and Capex cycle, which has been languishing even before the COVID-19 outbreak, it said., it said.
In a world first, Cuba to give Covid jabs to anyone over 2
Several other countries in the world are vaccinating children from the age of 12, and some are conducting trials in younger kids. Countries such as China, the UAE and Venezuela have announced they plan to vaccinate younger children, but Cuba is the first to do so. Chile on Monday approved the Sinovac vaccines for kids between six and 12.
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