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Railways chalk up plans to take on Cyclone YAAS
May 24, 2021
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Readies alternative route to keep oxygen express movement. Use of alternate train routes to keep the rail freight operations running, stalling passenger train operations, readying construction equipment to clear up the post-cyclone debris (like trees, electricity wires and poles, mud houses), increasing power backup and keeping diesel gensets ready, are just some of the steps taken with cyclone YAAS set to hit the Eastern coast affecting parts of Odisha, West Bengal, Jharkhand and Andhra Pradesh – which are also battling Covid cases.
To prepare for the impending very severe cyclone set to hit coastal Odisha, West Bengal and possibly parts of Jharkhand and Andhra Pradesh operations on ports along the Eastern Coast like Dhamra, Paradeep, Haldia is being stalled (in terms of clearing anchored ships). In addition, Railways have also lowered passenger trains plying on Kharagpur to Bhubaneswar route.
Industry body Assocham has demanded from the government a concentrated and right kind of relief package for MSME sector, which was most affected by covid-19 pandemic. Yes, there is a need for a relief package which has to be directed very carefully. We at Assocham believe that both the Centre and the states need to come together with certain plans, so that we can give a concentrated, focused and the right kind of relief to whoever needs it the most, Assocham president Vineet Agarwal told PTI on Sunday. Suggesting some measures, he said banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral.
SG Analytics announces profit share plan for all employees
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Last Updated: May 19, 2021, 07:53 PM IST
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Synopsis
Sushant Gupta, Founder & CEO, SG Analytics said, “SGA is a people-first company. In-line with this philosophy, starting this year, we are initiating a company-wide profit share plan wherein, based on certain criteria, a share of profits of the company are going to be distributed evenly across all the employees.
Agencies
SG Analytics conducted two major hiring drives during the pandemic, virtually onboarding 200 employees during the year.
SG Analytics, a Pune headquartered research and analytics firm has announced a ‘Profit Share Plan’ where the company’s full-time employees will be covered under either this or the Employee Stock Option Plan. This inclusion will be in addition to its existing compensation structure.