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Retailers, MSMEs, daily wagers hit hard by 2nd Covid wave - The Hindu BusinessLine


Retailers, MSMEs, daily wagers hit hard by 2nd Covid wave
A mall looks deserted in the Capital on Sunday   -  KAMAL NARANG×
Malls, restaurants grappling with revenue loss as most States impose curbs
Businesses, including malls, retailers and restaurants, are in a disarray as they grapple with restrictions, including weekend lockdowns and night curfews in different states and districts, as the country faces the second wave of Covid-19 pandemic. But daily wagers, casual workers and MSMEs, which lack deep pockets, have been hit the hardest.
Dalip Sehgal, CEO, Nexus Malls said, “With different rules and restrictions across states, it’s not just becoming difficult to conduct business, but it’s also leading to a lot of ambiguity amongst customers leading to a rapid decline in footfalls and sales. ....

Mukesh Kashyap , Dalip Sehgal , Thomas Fenn , Laghu Udyog Bharati , Siddharth Bindra , Sampat Toshniwal , Abhishek Bansal , Harkirat Singh , Aero Club , Shopping Centres Association Of India , Pacific Group , Laghu Udyog Bharat National , Nexus Malls , Udyog Bharat , National Secretary Sampat Toshniwal , Shopping Centres Association , Executive Director , Biba India , Managing Director , Delhi Based Mahabelly Restaurant , Daily Wagers , 2nd Covid Wave , முகேஷ் காஷ்யப் , தலிப் சேகல் , தாமஸ் ஃபெந் , லாகு உதியோக் பாரதி ,

Localised lockdowns impacting business in organised retail, says SCAI


Many state governments have imposed restrictions and localised lockdowns to stop the spread of the virus.
. local restrictions, closure of malls in few states, weekend curfews have impacted business, recovery, and employment associated with organised retail, the association said in a statement.
On an average during pre-Covid days, the industry was clocking Rs 15,000 crore per month and had reached the same during mid of March 2021, but, with the local restrictions, almost 50 per cent revenue got slashed , it said.
As per the SCAI, malls across India had recovered close to 90 per cent of their business and 75 per cent of their footfalls which again dropped drastically due to the local restrictions. ....

Shopping Centres Association Of India , Shopping Centres Association , Emergency Management , Ontemporary History , Shopping Centres Association Of India , State Government , கடையில் பொருட்கள் வாங்குதல் மையங்கள் சங்கம் ஆஃப் இந்தியா , கடையில் பொருட்கள் வாங்குதல் மையங்கள் சங்கம் , அவசரம் மேலாண்மை ,

Realty and construction companies manage to hold on to workers


Realty and construction companies manage to hold on to workers
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Governments such as Maharashtra have mandated measures that include food and accommodation at the site, free regular testing, vaccination, medication, work and wages. Such measures have ensured that migrant labour isn’t leaving Mumbai just yet.
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Realty and construction companies have so far managed to prevent their workers from leaving worksites, using the lessons learnt through last summer’s chaotic evacuation of cities, even as reverse migration of unskilled hands engaged in retailing, restaurants, street vending and other miscellaneous jobs has started in the aftermath of fresh mobility curbs. ....

Niranjan Hiranandani , Mukesh Kumar , Shopping Centres Association Of India , National President , Shopping Centres Association , நிரஞ்சன் ஹிரானந்தனி , முகேஷ் குமார் , கடையில் பொருட்கள் வாங்குதல் மையங்கள் சங்கம் ஆஃப் இந்தியா , தேசிய ப்ரெஸிடெஂட் , கடையில் பொருட்கள் வாங்குதல் மையங்கள் சங்கம் ,