God has not sent us into the world to partake the feast spread before us. Life is not festival but an obligation. For his life, man owes his debut to his parents ,ancestors,fellowmen,and to other beings. The meaning of life is realised when we fulfil these obligations. The debts are paid through our actions, big or small. It is wrong to believe that big deeds only matter and nameless actions go abegging.Each people who put his worth in fulfilment of his duties and obligations,performs great deeds.The true greatness of man comes out” in little unremembered act of kindness and love”.A great heroism is required in doing small deeds.
Reliance AGM 2020
India’s biggest company Reliance industries held its 43rd Annual General Meeting virtually with Chairman and Managing Director Mukesh Ambani addressing shareholders. Ambani said the target for capital raise is now complete and RIL will now only look at adding strategic partners to its businesses. He also pointed out that RIL has kept its promise of becoming net debt-free ahead of schedule.
The key aannouncement’s are
-Google will invest Rs 33,737 crore for 7.7 percent stake in Jio Platforms.
– Jio is ready with a “world-class 5G solution” and field deployment could happen next year.
– Launch of Jio TV+ and Jio Glass
– Saudi Aramco deal has not progressed as per the original timeline, but RIL is committed to the deal
– RIL will approach NCLT with a proposal to spin-off the O2C Biz into a separate subsidiary
– RIL is working to induct global partners, investors into Reliance Retail in the next few quarters.
– Jio is partnering with Google to build a smartphone operating system
Unconscious Bias
Have you ever been in a situation where you were blamed even for doing nothing? I am sure most of you have been in that situation. I have been there too. I was working in a multinational organization, about four years back. In the beginning I was a good performer and I delivered on all my deliverable, and that too following the SMART strategy, barring a few. There were times when I could not deliver but I always tried my best, depending on the situation. Now one day, my manager got promoted and she was replaced by another another lady from our team. And then things began to go south. Problems crept up, she began to find faults in everything I do, and she always had this intention to reprimand me in the team meetings.
Things just got worsened one day. A priority 2 issue came up at about 9 PM at night, just at the moment when we were about to leave. I informed her, despite all the differences but to my utter surprise, she remarked, “It is your fault. You are responsible for this. Don’t expect anything from me and I expect this to be solved latest by tomorrow morning.” I knew something like this would happen but I never imagined the utter intensity of the remark. Moreover, when I analysed the situation, I found out that I was never responsible for the issue in the first place. One of my team mate, in fact a senior team member missed to pay attention to the issue a month back, due to which the client had to send it as a priority 2 issue. That was it. The next morning, when my manager came, I explained everything to her, but she was clouded in her own judgement to even listen to me and understand.
That was simply the case of unconscious bias. Because of past incidents and events, her judgement was clouded to let her think straight and logically. Unconscious bias was the main reason which affected her thinking and making the rightful decision. But what she failed to understand is that this little judgement of her can have profound effect on the hiring, motivation and retention decisions. In our day to day interaction, we might not be even aware of when such kind of bias creeps into our decisions and plays havoc in our mind. As per recent news, such unconscious bias can create a turnover impact of INR 22000 per associate. Surprising, isn’t it?
Now when we talk about unconscious bias, there are multiple instances and multiple effects of such bias and each of it has its own term. A few of them are:
- Affinity Bias – When we come across a person who is similar to us, we tend to give positive response to him. It seems like we tend to identify ourselves with that person.
- Halo Bias – Because of some praiseworthy and commendable actions of the past, we tend to see that person in the positive light and admire all of his actions even though he might not have quite lived up to expectations in the present.
- Perception Bias – It is the tendency to form stereotypes and assumptions about certain groups which makes it difficult to form an objective opinion about individual members of that group.
- Horn Bias – Because of a negative incident in the past, all the present judgement gets clouded by that feeling.
- Confirmation Bias – Tendency to seek out evidence that confirms our initial perceptions and ignoring contradictory information.
These are some of the biases which creeps into our decisions without even our knowledge. Managers should always be neutral which looking at the present situation and not to base the eventuality of the decision based on some past incident. One way to do this is to critically evaluate all the options, put forward by everyone and also to engage a third-party to challenge those options. In this way, our decisions will not be clouded and will be a blessing for everyone.
Referring to the situation which I faced, it was Horn Bias and it could have been easily avoided if she had taken the high road to listen and to communicate with me. But nevertheless, there is always a scope for one to learn in one’s life.
Source: https://builtin.com/diversity-inclusion/unconscious-bias-examples
Tips to learn a language very fast
How do you evaluate languages? Just as a means of communication or as something more than that? It is normal to have an interest to know as many languages as possible. Every language has a sort of beauty of its own. Some people have the passion to acquire this beauty but often get failed because of the time and hard work needed. Learning a new language cannot be easy for sure as learning itself is a time consuming and hard working process. But it can be learnt indeed. Any body who wishes to learn it can actually do it no matter how much time it consumes. The social media platforms have now given the freedom to anyone who wishes to learn anything without even stepping out of his home. We have so many language learning courses and training available in the online platforms that too for free sometimes.But in order to learn something, you have to be more active than being passive. Here are several tips that can help your learning more easier.

- Watch movies and series: This is a great method to learn a language. Movies and series will always held a story within themselves and it is a general quality of a human being to be keen to know stories. This curiosity lead us to listen to the dialogues and comments which is a major key to learn that language. Of course it takes time, but the result will be evident. Try watching it using subtitles if you are very new to that language and as the time passes try to hear it without subtitles.
- Practice Daily. Unless and until you speak the language that you wish to learn, you will never be able to do it no matter how hard you try. Language should be learnt by speaking. Don’t try to overthink about mistakes because that is also a key to learn it. Make mistakes and learn from it. Try speaking about anything randomly, may be about your favorite place or movie or just explain how did your day go to your friends or anybody who you are comfortable with.
- Be an active listener. Yes! That helps. Try listening to people who are very fluent in that language. Listen the common phrases they use and how they make each sentences using different words. This may help you to understand some phrases easily because you are well aware about the context and it will remain in your memory.
5-Day Free Online Course Launched by ISRO with Award Completion Certificate
ISRO launches a free 5-day online course on ‘ Remote Sensing Applications in Agricultural and Water Management’. It is provided by the Indian Institute of Remote Sensing. If you have already registered for it, then here are the stables.
What will you learn?
- Concepts and fundamentals of agricultural water management and the role of Earth Observation (EO) in water management.
- Satellite remote sensing of soil moisture and global products.
- Unmanned Ariel Vehicle (UAV) and advanced remote sensing for agricultural water management.
- Remote sensing of regional crop evapotranspiration estimation.
- Remote sensing of irrigated crop area mapping and irrigation crop water requirements .
Eligibility and application process
- This course by ISRO is scheduled from 3 August to 7 August 2020.
- Those interested can register through <a href="http://<!– wp:list {"ordered":true} –> <ol><li>This course by ISRO is scheduled from 3 August to 7 August 2020.</li><li>Those interested can register through elearning.iirs.gov.in .</li></ol> elearning.iirs.gov.in .
- Personal details like address, education, and profession need to be entered into the form.
- You are also required to upload a photograph and an identification proof.
- Professional from the central or state governments, private organizations, NGO’s, as well as students and researchers engaged in water management aspects of agriculture can apply.
Things to know
- There is no fee for the online course.
- A certificate of completion will be awarded to participants who complete 70 percent attendance and score 40% in online examination.
- You can access the videos for the session here.
- No specific hardware/software is required to access the classes. However, good speed of internet connection will be helpful. A desktop/laptop with a webcam and microphone is preferred.
Battle of Northeast with Covid-19
The pandemic of covid-19 has worried to the whole world. Every country is trying it’s best to control this deadly virus infection.
In India the number of novel coronavirus cases has risen to 9.3 lakh. Over 24,300 people have succumbed to the disease, while nearly 60,000 have recovered. Though the national level lockdown has been lifted by the central government but various states has extended it.
The worrisome reports are coming from the North East India. Until the month of may the NE states were free from the effect of the global pandemic but now within the two months the “seven sisters” are struggling to control the rising number of the cases. Let’s see one by one that how these northeastern states are battling with this pandemic.
Assam : Assam is battling in two fronts. First with the global pandemic and second with the floods.
Over 33 lakh people have been affected by the floods across 28 districts of the state. According to the Assam State Disaster Management Authority so far, 85 people have died in flood related incidents. This natural disaster has made the situation of pandemic in state even worse. Not only the numbers of corona virus cases has spiked but the fatalities has also increased. The state has recorded the 18,666 positive cases and the death toll has now gone up to 46. Assam Health Minister Dr Himanta Biswa Sarma has tweeted that, “859 new #COVID19 ve+ patients in Assam, 627 in Guwahati alone. Take care & precautions. Total cases 18666, Recovered 12173, Active cases 6444, Deaths 46.”
Arunachal Pradesh: This hilly state has reported 19 new coronavirus infections, taking the state’s tally to 359. While three health workers were also found infected with the virus in the Capital region. After increasing the number of active cases, The state cabinet has extended the lockdown in the Capital Complex for another week till July 20.
Sikkim: sikkim has reported the highest single-day spike of 45 new COVID-19 cases. With 112 active cases, total198 cases has been reported in the state, while 86 patients have recovered.
Manipur: With 656 active cases Manipur has recorded total 1,626 covid-19 cases. Only in the last 24 hour the capital of the state Imphal has recorded 10 cases alone. A statement issued by the state health department read, that 970 patients have recovered from the deadly virus infection, the recovery rate now is 59.65%.
Mizoram: The state has recorded total 238 COVID-19 cases, in which 79 are active and159 people have recovered from the disease.
Nagaland: Nagaland has registered 18 new COVID19 positive cases, taking the state’s overall tally to 896. Active cases are 556 in the state. Confirming the detection of the new positive cases, Nagaland health minister S Pangnyu Phom tweeted that,
“Update! As on 14th July 2020, 3:20 pm. 18 more positive cases of COVID-19 have been confirmed. All cases are from Peren.”
Tripura : After getting some reports of COVID-19 cases in the border areas of the state, the government has imposed a week long complete lockdown from july 17th. The lockdown will be in force within the one kilometer in rural areas and 0.5 km in Municipal areas, from the Bangladesh border. Tripura shares a 856-kilometre border with Bangladesh. The state has reported over 2,000 Covid-19 cases so far.
Blood donation
Blood donation refers to a practice where people donate their blood to people so it helps them with their health problems. Blood is one of the most essential fluids of our body that helps in the smooth functioning of our body. If the body loses blood in excessive amounts, people to get deadly diseases and even die. Thus, we see how blood donation is literally life-saving which helps people. It is also a sign of humanity that unites people irrespective of caste, creed, religion and more.
World Blood Donor Day
In order to raise awareness about this life-saving procedure, the world observes 14th June as Blood Donor Day. It promotes blood donation and urges people to save lives by donating blood. Furthermore, this day is quite an important day as it makes people about safe blood. People need to know the basics to be able to donate blood. For instance, there are certain criteria one must fulfill to donate blood. Not everyone knows that. Thus, this day helps in doing so Most importantly, on this day, the WHO organizes a campaign that invites people to donate blood. A person eligible to donate blood must fall in the age bracket of 17-66 years of age. They must weigh more than 50 kgs and have sound health. People suffering from diseases like diabetes, hypertension and more cannot donate blood. Therefore, on World Blood Donor Day, they also appreciate blood donors for their contribution to making the world a better place.
Benefits of Blood Donation
As we all know by now, blood donation has a lot of benefits. Why a person requires blood has various reasons. It may be an illness or also an accident, nonetheless, it is important. The blood that we donate helps a person in need. It enhances their health condition and makes them overcome their critical situation. In other words, blood donation does not simply help that specific person but also contributes to a responsible gesture towards society. Moreover, it also enhances the health of the donor. As the cell depletion allows a way for production, not new cells that freshen our body system. Furthermore, it also revitalizes our body for better health. Next up, a single blood donation helps at least three people in need. Thus, imagine how one donation can make a difference in so many people’s lives. In addition, blood donation makes the work of blood banks easier. It stabilizes their collection which helps other people get blood urgently. The demand is still higher than the supply in blood banks, so we must donate more and more of it to help people.
Other than that, blood donation also helps us know about our bodies. As a blood donation requires a preliminary health check-up, we get a complete diagnosis. It makes us aware of the levels of iron, hemoglobin, cholesterol and more. Thus, we see that blood donation is an important procedure in saving human life. It is a great initiative that must be encouraged everywhere.
Interpersonal relationship in organisation-Do’s and Don’ts
Interpersonal relationship refers to a strong association among individuals working together in the same organization. Employees working together ought to share a special bond for them to deliver their level best. It is essential for individuals to be honest with each other for a healthy interpersonal relationship and eventually positive ambience at the workplace.
Why interpersonal relationship in organisation ?
Why do employees need to be cordial to each other ?
Let us go through the importance of interpersonal relationship at workplace.
- An individual spends around eight to nine hours in his organization and it is practically not possible for him to work all alone. Human beings are not machines who can work at a stretch. We need people to talk to and share our feelings. Imagine yourself working in an organization with no friends around!!!!!!!!We are social animals and we need friends around. An individual working in isolation is more prone to stress and anxiety. They hardly enjoy their work and attend office just for the sake of it. Individuals working alone find their job monotonous. It is essential to have trustworthy fellow workers around with whom one can share all his secrets without the fear of them getting leaked. We must have friends at the workplace who can give us honest feedback.
- A single brain alone can’t take all decisions alone. We need people to discuss various issues, evaluate pros and cons and reach to solutions benefiting not only the employees but also the organization on the whole. Employees can brainstorm together and reach to better ideas and strategies. Strategies must be discussed on an open platform where every individual has the liberty to express his/her views. Employees must be called for meetings at least once in a week to promote open communication. Interaction on a regular basis is important for healthy relationship.
- Interpersonal relationship has a direct effect on the organization culture. Misunderstandings and confusions lead to negativity at the workplace. Conflicts lead you nowhere and in turn spoil the work environment.
- We need people around who can appreciate our hard work and motivate us from time to time. It is essential to have some trustworthy co workers at the workplace who not only appreciate us when we do some good work but also tell us our mistakes. A pat on the back goes a long way in extracting the best out of individuals. One needs to have people at the workplace who are more like mentors than mere colleagues.
- It always pays to have individuals around who really care for us. We need colleagues to fall back on at the times of crisis. If you do not talk to anyone at the workplace, no one would come to your help when you actually need them.
- An individual needs to get along with fellow workers to complete assignments within the stipulated time frame. An Individual working all alone is overburdened and never finishes tasks within deadlines. Support of fellow workers is important. You just can’t do everything on your own. Roles and responsibilities must be delegated as per specialization, educational qualification and interests of employees. An individual needs help of his fellow workers to complete assignments on time and for better results.
Do’s and Don’ts to Improve Interpersonal Relations at Workplace
Interpersonal relationship refers to a strong association among employees either working together in the same team or same organization.
Employees must get along well for a positive and healthy ambience at the workplace.
Let us go through some do’s & don’ts to improve interpersonal relationship at workplace.
- Do not treat office as your home. There is a certain way of behaving at the workplace. It is essential to be professional at work. Never misbehave with any of your colleagues. Legpulling, criticism, backbiting are a strict no no. It is better to avoid someone you don’t like rather than fighting or arguing with him/her. Your office colleagues can be your friends as well but one must know where to draw the line. Too much of friendship is harmful and spoils relationship among employees.
- An individual should not interfere in his colleague’s work. Superiors must formulate specific KRAs for all the employees and make sure job responsibilities do not overlap. Overlapping of job responsibility leads to employees interfering in each other’s tasks and eventually fighting over small issues. One should be concerned only with his work rather than trying to find out what the other employee is up to.
- Give space to your fellow workers. Giving space infact is essential in all relationships. Overhearing anyone else’s personal conversation is strictly unprofessional. An employee must not open envelopes, couriers or letters not meant for him. Such practices lead to severe displeasure among employees and eventually spoil relationships.
- Do not spread baseless rumours at workplace. Even if you know something about someone, learn to keep things to yourself. Discuss it with the individual concerned in private rather than publicizing the whole thing. Organization has nothing to do with anyone’s private matters.
- Pass on correct information to others. If your superior has asked you to share some information with any of your colleagues, make sure it is shared in its desired form. Data tampering and playing with information spoil relationships among colleagues and lead to confusions at the workplace.
- Do not share all your secrets with your co workers. You never know when they might misuse them. Even if you do, make sure you are doing it with someone you trust blindly.
- Leave your ego behind. Do not bring your personal tensions to work. Think before you speak. Making fun of colleagues is something which is not at all expected out of a professional.
- A team leader should not scold any of his team members in front of others. It might insult him/her. Call the individual concerned either to your cabin or conference room. Avoid comparisons among team members. The employees must be strictly judged according to their work and nothing else. Employees doing well should be suitably rewarded.
- Stay away from nasty politics at workplace. Do not try to harm anyone. It is absolutely okay to appreciate someone who has done something exceptionally well. Avoid being jealous. It will harm you in the long run. There should be healthy competition among the employees for a healthy environment at the workplace.
menstrual hygiene : a manmade curse
Talking about India there are about 6 lakhs villages in our country which leads to Mohalla and tolas in crores and consists of about 70 percent of the total population.[i]on every 1000 male there is about 949 females in the rural India. in that 949 females there are about 23% of females who menstruate. Menstruation and menstrual practices had to face in this modern era many types of restrictions ranging from social to religious. These things create a big hurdle in proper management of maintain menstrual hygiene. in rural areas due to girls are not prepared and not having knowledge about the menstruation they face many problems and challenges at many places where they work or where they study. While researching , I come to know that few, non- accurate, or half completed information about menstruation is a great hurdle in the way of personal and menstrual hygiene in the rural areas In villages females do not assess the sanitary pads and don’t have much knowledge about that. So, they mostly depend on reusable cloth pads which they wash and use again In fact they feel comfortable in that .in spite of many developments in the field of water and sanitation in the rural areas women’s can be seen not maintaining the menstrual hygiene in a better manner . Women handle menstruation in other way when they are in or out the house; in homes, they dispose of menstrual waste in domestic wastes and in public toilets and simply dispose that by flushing them in the toilets without knowing that could result in choking which is a big case of being illiterate. So, educating them about the consequences of the environmental hazards and the diseases associated with it. enforcing of new techniques like incineration can help to control the waste. and, a drive should be created to focus the use of reusable sanitary things or the natural sanitary products created from materials like banana fibre, bamboo fibre, sea sponges, water hyacinth, and so on.
CHALLENGES: THE RURAL INDIA WITH REGARD TO THE MENSTRUAL HYGIENE HAS TO GO WITH SEVERAL CHALLENGES
Poverty : in villages there are lots of people who don’t have money to fed up two time meal to their family so we can think that from where they can think about the providing sanitary napkins to the mensuration member of the family that’s why the most of the females in the rural India opt for the dirty used clothes which is much harmful and is unhygienic in the nature but that is harsh reality that they could afford the branded sanitary napkins which might cost them more than having a meal in a day.
Illiteracy: in the rural India there is hardly any one which can teach and talk about the subject matter menstrual hygiene if we talk about the percentage that how many girl get a high school level education it will bring our administration and government in to a tough discussion which they boast about the development of the rural area .
Culture and beliefs: our diverse culture and the rural background can be a strong reason for the failure in this approach as we learn things from our previous generation and our coming generation will learn from us. from the very beginning the society had been using and treated these things as the matter of shame and they feel shy while even discussing things which is related to the medical concern. in India there is strong belief that these things are counted in the list of dirty dealings and this practice is continued in the rural areas of our country where things have not been changed out of many centuries.
Administration failure : in spite of several government projects which has been running for the welfare and the development of the rural India the aim of real upliftment of these areas are still dream for many villagers in the country as most of the funds are out of reach for what they had been meant to utilize .
Poor practices /taboo: in villages there is old traditional system which is being followed from many years in fact centuries using the unhygienic dirty clothes can lead to several deadly disease. use of cotton is also very common to stop the fluid in the villages coming towards the taboo the same is treated as an evil dirty things which not meant for discuss in the social platform and it could also be a reason to feel shy in these matter .
THE REALITY UNDER THE SURVEY:
In this section of my research paper I had tried to bring the real scenario about how the things are going into the village concerning menstrual hygiene. so, in the survey which had been conducted my me on the 15 females of the Sonkhar village, ramnagar, west champaran, Bihar on which 5 were adolescent. here I am going to tell about the experiences
In most of the cases the females were not ready to take part due to shyness. So, I managed 15 females for the survey .in this I had asked the several questions
Ques: you were ready or knowing that this could be happen to you when you got your first period?
12 out of the 15 females answered no to the question as most of them told that it was not known even from the parents and these things are treated so evil that none o them was informed from anybody.
Ques: How was the felling? did it hurt?
To this question all said yes as there was no information and the precautions were taken to handle the same. one Sangam Devi aged 28 said that it happened when she was serving the food in the bhoj (party) on the Holi eve then suddenly she felt pain in her abdomen and she couldn’t understand what was the fluid she felt around her private parts .it was sudden and surprising in the nature which makes them more uncomfortable.
Ques: Did you tell your mom / sister? how they reacted?
To this question 9 of them answered that they told their mother about the incident and her their mother in reply said that now you all are grown ups and it said that these things hurt a bit .3 out of them told to their sister elder to them and they reacted in the same manner like mother did.
Ques: What did you use in those days?
It was shocking to know that all 15 females which includes adolescents replied that it was clothes they use when they menstruate however 7 of them replied that since last few years, they had opted sanitary pads.
Ques: What is different in those days is it different from other days?
Meena Kumari a 17-year girl replied that these days are completely different as we are not allowed to enter in the kitchen, and we do not enter the worship room we are treated like we are unpure for these 5 days. most of them replied that due to pain and cramps whole body shivers and cause irritation.
Ques: Do you do anything to get relief from cramps like yoga?
Most of them answered no .one adolescent name aditi replied that she ate chocolates as it relives pain.
Ques: What things you want to appeal to the government/expect from government?
The majority answers that the cost of sanitary pads should be done so less that everyone could afford and as in our time there was no one to tell about these things so government should be creating a team for effective awareness about the menstrual hygie.

Economic cost of COVID-19
On 12 January 2020, the World Health Organization (WHO) confirmed that a novel coronavirus was the cause of a respiratory illness in a cluster of people in Wuhan City, Hubei Province, China, which was reported to the WHO on 31 December 2019.
The case fatality ratio for COVID-19 has been much lower than SARS of 2003, but the transmission has been significantly greater, with a significant total death toll.
Indian prime minister Narendra Modi has announced lockdown in the country to fight against the deadly virus. Indian economy is witnessing a huge loss because of COVID 19.
Economic impact
The economic impact of the 2019–20 coronavirus pandemic in India has been hugely disruptive. World Bank and credit rating agencies have downgraded India’s growth for fiscal year 2021 with the lowest figures India has seen in three decades the since economic liberalization in the 1990s. The Indian economy is expected to lose over ₹32,000 crore (US$4.5 billion) every day during the 21-day-lockdown which was declared following the coronavirus outbreak. Up to 53% of businesses in the country will be affected Supply chains have been put under stress with the lockdown restrictions in place; initially there was a lack of clarity in streamlining what is an “essential” and what isn’t. Those in informal sectors and daily wage groups are the most at risk. A large number of farmers around the country who grow perishables are also facing uncertainty. Various businesses such as hotels and airlines are cutting salaries and laying off employees. The live events industry has seen an estimated loss of ₹3,000 crore (US$420 million).
In India, with a share of almost 90 per cent of people working in the informal economy, about 400 million workers or 40 crores in the informal economy are at risk of falling deeper into poverty during the crisis, according to ILO.
Let us have a look on the different sectors :
Unemployment Rate (of IT & other sectors)
While India does not have official high frequency labour market data, the unemployment rate put together by the Centre For Monitoring Indian Economy, or CMIE, shows a spike in the last week of March and the first week of April. The unemployment rate during the last week of March rose to 23.8 percent and stayed around those levels in the first week of April. The lockdown in India has left tens of millions of migrant workers . The coronavirus pandemic would have a debilitating impact on India’s tourism sector with the industry estimating an overall loss of Rs 5 lakh crore and job cuts for 4-5 crore people.
Of the total losses, the organised sector in the industry — branded hotels, tour operators, travel agencies which are the mainstay of the sector – may be hit the hardest with an estimated loss of around Rs 1.58 lakh crore, according to Confederation of Indian Industry estimates.
The industry body has said that branded hotel groups are set to lose as much as Rs 1.10 lakh crore, online travel agencies Rs 4,312 crore, tour operators (inbound and domestic) Rs 25,000 crore, adventure tour operators Rs nearly 19,000 crore and cruise tourism Rs 419 crore.
Consumer durables, automotive, auto components, white goods, capital goods, IT, startups and MSMEs sectors will be among the worst affected. The IT sector, which employs around 4 million engineers, is likely to witness around 5% job losses according to professionals.
About 1.5 crore people face job losses in India’s export sector following the cancellation of over half of the orders and a gloomy forecast for global trade due to the Covid-19 pandemic.
Electricity Consumption
With factories closed and power demand coming mostly from households, peak demand has plunged. The average demand during peak evening hours, i.e. 7 pm, contracted by 26.6 percent for April 1-10 2020 over last year, according to daily reports published by the Power System Operation Corporation Limited. Likewise, maximum demand during the day has seen a drop of 24.5 percent.
Consumption of Petroleum Products
With fewer vehicles plying on roads, consumption of petrol fell by 16.4 percent in March 2020 over a year ago, according to data from the Petroleum Planning and Analysis Cell. Diesel, consumed in factories and for plying commercial vehicles, saw a sharper hit as consumption fell by 24.2 percent year-on-year in March 2020. Analysts believe that fuel demand may fall by 2.3% in FY21.
PMI Barely In Expansion Zone
The two Purchasing Managers’ Indices complied by IHS Markit India showed slightly diverging trends. The Services Business Activity Index fell to 49.3 in March, down from February’s 85-month high of 57.5. The Manufacturing Activity Index saw a more modest fall to 51.8 in March, from 54.5 in February. This is because non-government services were the first to be hit even before a complete lockdown was announced. The Composite PMI stood at 50.6 in March compared to 57.6 in February 2020. A level above 50 denotes expansion, while a level below it suggests contraction.
Cargo At Major Ports
Cargo handled by Indian ports fell the most in five months, dragged down by a drop in liquid cargo and container volumes. Ports across the country handled 618.7 lakh tonnes of cargo in March, a decline of 5 percent over the year-ago period, according to data compiled by BloombergQuint.
Farm Arrivals
Farm Arrivals of agricultural commodities at key markets have fallen to a fraction of levels seen before a 21-day nationwide lockdown was imposed, data analysed by BloombergQuint showed. This, because of supply chain disruptions despite food items being classified as essential commodities. Data collated by BloombergQuint from Agmarknet, a government portal on agricultural marketing, showed a 15-76 percent decline in arrivals in the week of April 1-6 compared to the week of March 1-6. Overall, the total arrivals of major cereals, fruits and vegetables recorded across market centres fell to 3.09 lakh tonnes in the first week of April. This was 55.6 percent lower than arrivals seen a month ago. The drop in arrivals of agricultural commodities signals a disrupted supply chain ahead of the crucial harvesting season.
Manufacturing
Major companies in India such as Larsen and Toubro, Bharat Forge, UltraTech Cement, Grasim Industries, the fashion and retail wing of Aditya Birla Group, Tata Motors and Thermax have temporarily suspended or significantly reduced operations in a number of manufacturing facilities and factories across the country. Nearly all twowheeler and four-wheeler companies have put a stop to production till further notice. Many companies have decided to remain closed such as Cummins which has temporarily shut its offices across Maharashtra. Hindustan Unilever, ITC and Dabur India have shut manufacturing facilities expect for factories producing essentials.
E-commerce
In the third week of March, Amazon announced that it would stop sale of non-essential items in India so that it can focus on essential needs. Amazon has followed the same strategy in Italy and France. On 25 March, Walmart-owned Flipkart temporarily suspended some of its services on its e-commerce platform and will only be selling and distributing essentials. BigBasket and Grofers also run restricted services, facing disruptions in services due to the lockdown. Delhi Police began issuing delivery agents curfew passes to make it easier for them to keep the supply chain open. E-commerce companies also look for legal clarity related to what are “essentials. By this, they’re facing economic loss.
Stock markets
On 23 March 2020, stock markets in India post worst losses in history. SENSEX fell 4000 points (13.15%) and NSE NIFTY fell 1150 points (12.98%). However, on 25 March, one day after a complete 21 day lockdown was announced by the Prime Minister, SENSEX posted its biggest gains in 11 years, adding a value of ₹4.7 lakh crore(US$66 billion) crore for investors. On 8 April, following positive indication from the Wall Street that the pandemic may have reached its peak in the US, the stock markets in India rose steeply once again.
Tea
Due to logistical problems following the lockdown tea estates were unable to harvest the first flush. The impact of this on the second flush is not known. The entire Darjeeling tea based tea industry will see significant fall in revenue. Tea exports could drop up to 8% as a result.
Night lights
Night lights and economic activity are connected. In Delhi, night light radiance fell 37.2% compared to 1-31 March 2019. This was the biggest fall for any metro in India. Bangalore fell 32% while Mumbai dropped by 29%.
Chemical Industry
Some chemical plants have been shut down in China. So there will be restrictions on shipments/logistics. It was found that 20% of the production has been impacted due to the disruption in raw material supply. China is a major supplier of Indigo that is required for denim. Business in India is likely to get affected so people securing their supplies. However, it is an opportunity. US and EU will try and diversify their markets. Some of the business can be diverted to India which can also be taken as an advantage.
Auto Industry:
Its impact on Indian companies will vary and depend upon the extent of the business with China. China’s business no doubt is affected. However, current levels of the inventory seem to be sufficient for the Indian industry. If the shutdown in China continues then it is expected to result in an 8-10% contraction of Indian auto manufacturing in 2020.
Pharmaceuticals Industry:
Despite being one of the top formulations of drug exporters in the world, the pharma industry of India relies heavily on import as of bulk drugs. Due to the coronavirus outbreak, it will also be impacted. Textiles Industry:
Due to coronavirus outbreak, several garments/textile factories in world have halted operations that in turn affecting the exports of fabric, yarn and other raw materials from India.
Solar Power Sector:
Indian developers may face some shortfall of raw materials needed in solar panels/cells and limited stocks from China.
The real estate body Naredco has estimated that the sector would incur losses of Rs 1 lakh crore on account of COVID-19 and the subsequent lockdown and sought a $200-billion package from the government to kickstart the economy.
Estimate of economic losses
The Indian economy is expected to lose over ₹32,000 crore (US$4.5 billion) every day during the 21 day lockdown, according to Acuité Ratings, a RBI approved credit rating agency. Barclays said the cost of the 21 day shutdown as well as the previous two shorter ones will be total to around ₹8.5 lakh crore (US$120 billion).
On 27 March, Moody’s Investors Servicedowngraded its estimate of India’s GDP growth for 2020 from 5.3% to 2.5%. Fitch Ratings revised its estimate for India’s growth to 2%. India Ratings & Research also downgraded the FY21 estimate to 3.6%. On 12 April 2020, a World Bank report focusing on
South Asia said that India’s economy is expected to grow 1.5% to 2.8% for FY21. This will be the lowest growth for India in 30 years. The World Bank report said that the pandemic has “magnified pre-existing risks to India’s economic outlook”.
Confederation of Indian Industry (CII) has sought an economic fiscal stimulus package of 1% of India’s GDP amounting
to ₹2 lakh crore(US$28 billion). The fiscal package and fiscal policies approach is being compared to what has happened in other countries such as Germany, Brazil and Japan. Jefferies Group said that the government can spend ₹1.3 lakh crore(US$18 billion) to fight the impact of coronavirus. Bloomberg’s economists say at least ₹2.15 lakh crore (US$30 billion) needs to be spent. It is estimated that the loss to the tourism industry will be ₹15,000 crore (US$2.1 billion) for March and April alone. CII, ASSOCHAM and FAITH estimate that a huge chunk of the workforce involved with tourism in the country faces unemployment.
The government has to take some measurements to save the economy.
Govt approves Rs 107 cr for firefighting facilities at Haldia Dock
Shipping Minister Mansukh Mandaviya has approved 107 Crore rupees for augmentation of firefighting facilities on five jetties of Haldia Dock Complex at Kolkata Port.
The modern firefighting facility will enable the Haldia Dock Complex in safe handling of the movement of petro-chemical products. The existing fire fighting facility does not support the handling of the LPG and other petroleum products as per the guideline of Oil Industry Safety Directorate of the Ministry of Petroleum and Natural Gas.
Shipping Ministry has prioritized safety and security of cargo operation on all Major Ports. It is a move towards compliance of global standards for fire safety.
LPG and LNG cargo on Haldia dock is projected to increase in the near future. The state-of-the-art firefighting infrastructure will help to manage the petro-chemical goods in a safe and secure manner at Kolkata Port.
2,95000 MT food grains lifted by States under extended PMGKAY
Consumer Affairs Minister Ram Vilas Paswan has said two lakh 95 thousand Metric Tonnes of food grains have been lifted by the states so far under extended Pradhan Mantri Garib Kalyan Anna Yojana- PMGKAY
Consumer Affairs Minister Ram Vilas Paswan has said two lakh 95 thousand Metric Tonnes of food grains have been lifted by the states so far under extended Pradhan Mantri Garib Kalyan Anna Yojana- PMGKAY.
This is out of 203 Lakh Metric Tonnes of foodgrains which was allocated under the scheme to the states for five months from July to November. Mr Paswan in a tweet said, since July 1, 13.69 Lakh Metric Tinnes of food grains have been loaded and dispatched to the states so far through 489 rail racks.
The Minister also informed that from 25th of March to 30th of June, Food Corporation of India (FCI) has transported approximately 140 Lakh Metric Tonnes of food grains through 4,999 rail racks. Mr Paswan also said, that procurement of wheat and paddy from farmers under procurement targets for the Rabi season 2020-21 is continuing.
He said, FCI has procured 389.71 Lakh Metric Tonnes wheat till 13th of this month. Mr Paswan said, with the purchase of 128.85 Lakh Metric Tonnes of paddy in the Rabi season, a total of 750.16 Lakh Metric Tonnes of paddy have been procured so far in 2019-20 season.
BJP delegation meets Prez Kovind, demands dismissal of TMC govt in WB over political killings
BJP delegation today met President Ram Nath Kovind and demanded the dismissal of the TMC government in West Bengal.
The delegation that included Kailash Vijayvargiya, Arvind Menon, Babul Supriyo, Swapan Dasgupta and Raju Bista apprised the President about the political killings taking place in West Bengal.
Yesterday the body of Hemtabad MLA Debendra Nath Ray was found hanging from the ceiling of a verandah outside a shuttered shop near his home in Bindal village in North Dinajpur district yesterday.
On United Nations’ 75th Anniversary, PM Modi to virtually address ECOSOC on July 17
Prime Minister Narendra Modi will virtually address the valedictory of high-level segment of United Nations Economic and Social Council (ECOSOC) on Friday.
This will be Prime Minister Modi’s first speech at the United Nations after India reinstated it’s place as a non permanent member in the Security Council earlier this year.
ECOSOC serves as the central forum for discussing international economic and social issues and formulating policy recommendations addressed to member states of the United Nations. This year marks the 75th anniversary of the Council since it’s formation in 1945.
US drops plans to deport international students whose courses move fully online because of pandemic
US government has dropped its plans to deport international students whose courses move fully online because of the coronavirus pandemic. The decision comes a little over a week after US President Donald Trump’s administration had announced the policy.
Harvard University and the Massachusetts Institute of Technology sued the government over the plan.
District Judge Allison Burroughs in Massachusetts has said the parties have come to a settlement. Foreign students were told last week that they would not be allowed to stay in the US this autumn unless they switched to a course with in-person tuition.

You must be logged in to post a comment.