As COVID-19 Second Wave Wreaks Havoc, India Lost Over 7 Million Jobs in April: CMIE
With 73.5 lakh job losses, the number of employees, both salaried and non-salaried, fell from 39.81 crore in March to 39.08 crore in April, for the third straight month.
Migrant workers at Thane railway station to board outstation trains for their native place, amid the rise in Covid-19 cases across the country, in Thane, Thursday, April 15, 2021. Photo: PTI
Health04/May/2021
New Delhi: With seven million job losses in April, India’s unemployment rate rose to nearly 8% in April, the highest in the last four months, as the second wave of pandemic ravages the country, NDTV has reported citing the data released by Centre for Monitoring Indian Economy (CMIE).
: Wednesday, May 5, 2021, 12:35 AM IST
Many IIM s MBA students and others may find a hurdle to complete their education due to a specific requirement of the module
pexels
COVID-19 has caused real disruptions among businesses. But this had started to impact the way companies employ interns. According to an ET report, many first-year MBA students across IIMs and other B-schools have taken to professional networking site LinkedIn to raise a concern about companies revoking internships.
The decision of various companies is driven by the fear of economic uncertainty due to COVID-19. So, many companies are unwilling to offer paid internships or hold any internship programmes.
fashion
Published 2nd May 2021
Indian artisans struggle to survive in fashion s invisible supply chains
Written by Oscar Holland, CNN
Before the pandemic, Gayatri Khanna s Mumbai-based embroidery firm used to work on luxury garments and accessories for some of the world s biggest fashion houses.
Now, she said, some of them won t even answer her calls. These are people who we have spoken to for years and years, she said during a phone interview. And suddenly there s no news, or even a What s going on? Or, How is the business?
Amid a coronavirus crisis that is pushing India s hospitals to breaking point, collapsing demand for apparel in the West is also having a devastating knock-on effect on the country s craftspeople. Luxury labels that have long depended on the intricate work of embroiderers and beading artists are scaling back production, leaving some suppliers unable to cover costs or pay workers.
India’s unemployment on the rise as it battles rampant Covid-19 The rise in unemployment comes amid a backlash against government handling of the world’s worst Covid-19 outbreak 03 May 2021 - 12:03 Vrishti Beniwal Frontline workers are sprayed with disinfectant at a Covid-19 care centre at the Sarojini Naidu Medical College in Agra, Uttar Pradesh, India, on Monday, May 3 2021. Picture: BLOOMBERG/ANINDITO MUKHERJEE
New Delhi India’s unemployment rate rose to a four-month high of nearly 8% in April, and the outlook remains weak with state administrations extending lockdowns to curb a record surge in virus cases.
Unemployment increased to 7.97% from 6.5% in March, with more than 7-million jobs lost in April, according to data from Centre for Monitoring Indian Economy, a private research firm.
The second wave of COVID-19 and the resultant localised lockdowns have impacted over 75 lakh jobs, taking the unemployment rate to a four-month high of 8 per cent, the Centre for Monitoring Indian Economy (CMIE) said on Monday. The situation on the employment front is expected to continue to remain challenging going forward as well, CMIE s managing director and chief executive Mahesh Vyas said. In the month of April, compared to March, we have lost 75 lakh jobs. That is what has caused the jump in the unemployment rate, he told PTI. The national unemployment rate touched 7.97 per cent as per the centre s proprietary data, with urban areas witnessing higher stress at 9.78 per cent and rural joblessness at 7.13 per cent.