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Depict real picture of job loss: Parliamentary panel to Labour Ministry

It observed that despite Covid-19 pandemic, net EPFO payroll addition for 2020-21 was 77.08 lakh which is almost at par with 2019-20 net payroll addition of 78.58 lakh.”However, the Committee’s attention has been drawn to a study conducted by the Azim Premji University according to which nearly half of the formal salaried workers moved into informal work either as self-employed (30 per cent), casual wage (10 per cent), informal salaried jobs (9 per cent) between late 2019 and late 2020.”

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UK eases travel restrictions for Indians, compulsory institutional quarantine rule removed

According to the Department of Health and Social Care (DHSC) all arrivals from India who have been vaccinated with both the doses can choose to isolate at home. The individuals no longer need to shell out 1, 750 pounds per head for 10 day quarantine at a government-approved facility. Moreover, people vaccinated in UK or Europe are exempted from home quarantine requirements as well. Moreover, work is ongoing to determine which non-UK vaccines and certification solutions will be recognised. This comes as the UK reviews its three-tier international travel restrictions with a color-coded list of countries (red, amber & green).

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ICMR study finds mix of Covishield, Covaxin yields better results

These findings have an important implication for the COVID-19 vaccination program wherein heterologous immunisation will pave the way for induction of improved and better protection against the variant strains of SARS-CoV-2.

Such mixed regimens will also help to overcome the challenges of shortfall of particular vaccines and remove hesitancy around vaccines in people’s mind that could have genesis in programmatic ‘errors’ especially in settings where multiple COVID-19 vaccines are being used, the study highlighted.

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Maserati eyes Tier-II, III cities to strengthen presence in India

While the affluence and wide reach of India’s metros cannot be ignored for growing top lines, Maserati APAC head Bojan Jankulovsk said “…we are seeing a new wave of demand coming from non-metro and Tier II cities as well – Lucknow, Kanpur, Indore, Bhopal, Mangalore, Chandigarh, Goa and many more.”

These cities have the “potential to continue providing sizable opportunities in the future too and are proving to be catalysts in spurring demand for super luxury brands”. An evolved customer base, coupled with higher disposable income, is leading to growth of these emerging markets, he added.

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Bengal flood situation improves with decrease in rainfall, water receding

The district authorities have been instructed to keep adequate rations, medicines and clothes at the shelters and to be ready to tackle the outbreak of any water-borne diseases. At least 23 people died in the flood. A Damodar Valley Corporation official said it released 40,000 cusec of water from its barrages on Sunday.

Several places in Purba Bardhaman, Paschim Bardhaman, Birbhum, Paschim Medinipur, Hooghly, Howrah and South 24 Parganas have been affected by floods owing to heavy rain and overflowing rivers.

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Indian bankers face legal risks as court rulings threaten over $6 billion in loans

Two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly Rs 50,000 crore ($6.73 billion) to some of India’s largest banks
Any failure to recoup the money adds to stress in the banking sector, which is already dealing with an increased level of bad loans and reduced profits because of the impact of the pandemic.

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India gave priority to poor in its strategy to combat COVID-19 crisis: PM Modi

He noted that over 80 crore citizens have been provided free ration after the COVID-19 started in the country.

“Not just wheat, rice or pulses but over 8 crore poor families were even provided free gas cylinders during the lockdown. Over 20 crore women received around Rs 30,000 crores directly in their Jan Dhan bank accounts,” the Prime Minister stated.

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