An industry professional who works with a ship management company in Mumbai confirmed that India, too, has sealed off seafarers. "The government has urged Indian seafarers working abroad either on Indian or foreign vessels not to sign off after finishing their contracts and return to India," he said, requesting anonymity. Only a few are exempted and that too on grounds of emergency. … [Read more...] about Exclusive | Lost at sea: Thousands of shipping crew stranded as countries tighten borders
Goods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. This is the first time in four months that the GST collection has fallen below the Rs 1-lakh-crore mark. … [Read more...] about Business Insight | Decoding the reasons behind the fall in March GST collections
In light of this unprecedented pandemic, Zoom has also witnessed a surge in its user base. The company's CEO put this growth in context -- as of the end of December 2019, the maximum number of daily meeting participants, both free and paid, conducted on Zoom was approximately 10 million. In March this year, this number crossed the 200 million mark. … [Read more...] about Zoom CEO Eric S Yuan apologises to users for privacy and security gaps
Before Love Came to Kill Us, which was released last week, is Reyez’s first full body of work, and on the season 4 premiere of Fast Company‘s podcast Creative Conversation, she outlines the pitfalls, advice, and learning lessons throughout her career that led to this moment. … [Read more...] about Singer Jessie Reyez has a lot to prove—and you have a lot to learn from her process
But former RBI Governor Raghuram Rajan was of the view that privatisation alone won’t solve the problems of the sector, saying that even private lenders are not immune to the problem of bad assets in a slowing economy. This is true if one looks at the latest NPA figures of leading private banks. In Q3, most private lenders had reported a spike in their NPA levels hit by a slowing economy. … [Read more...] about Yes Bank crisis | Will there now be any takers for PSB privatisation?