Ours is a developing country with huge population of 1.3 billion people of which about 13.4 percent are extreme poor (earning less than $1.90 per capita, per day) and 50.4 percent are in lower middle class (less than $3.2 per capita, per day) making it more than 650 million people. Poverty is likely to increase due to COVID-19 as source of income & employment has been lost. … [Read more...] about Market still expects more reforms for corporate and sectors that are highly impacted by COVID-19
Tarwin lower extended forecast
Israel, on the other hand, is gearing up for large scale serology tests in order to gauge the proportion of population which has developed antibodies against the novel coronavirus. Israel, whose aggressive response to the coronavirus has held its fatality rate to a fraction of those of the United States and other hard-hit nations, is readying a nationwide serological test of 100,000 citizens. Moshe Bar-Siman-Tov, director-general of Israel’s Health Ministry, said that if antibody tests show a sizable portion of the population has developed antibodies, that could mean Israel is on its way to “herd immunity” and would be well equipped to withstand further outbreaks. Meanwhile, studies have estimated the percentage of Israelis with antibodies range widely, from less than 1% to upward of 10%. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
The government on Friday released January-March GDP figure. The Indian economy grew at 3.1 percent in the January-March quarter (Q4) of 2020, its slowest pace in at least two years. The GDP growth was recorded at 5.8% in the corresponding quarter of 2019-20. … [Read more...] about India GDP data highlights: Growth falls to 3.1%; agriculture sector grows at 5.9%
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Further, Cabral says, as unpredictable as COVID-19 has been, it has followed some sadly familiar trends. “The soaring unemployment rate is impacting people of color the most,” she says. Cabral says that responsible employers will pay attention to demographics and if they do have to lay off employees from underrepresented groups, they need to be inclusive. “[That] means making sure to exercise awareness of the unique challenges that unemployment presents to underserved populations,” she says. “Employers can work to tailor packages that provide support that is meaningful for underserved communities,” says Cabral, such as extending health benefits for the rest of the year or partnering with a staffing firm to help displaced employees find their next opportunity. … [Read more...] about This is what a compassionate layoff looks like