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“There is no clarity on how the third wave will impact, how soon restrictions will be lifted, and when we can have the majority of our workforce back in office,” said Sudhir Dhar, executive director, human resources at Motilal Oswal Financial Services.
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The uncertainty surrounding the Covid-19 situation in the country amid warnings of an impending third wave has left India Inc with no clear-cut answers about when it can call employees back to office.
While many companies, particularly in sectors such as manufacturing and industrial, engineering, automotive, FMCG, consumer durables, and healthcare, are clear that a majority of their employees will have to return to office, they have adopted a wait and watch policy with some deferring such plans until the end of August, industry officials and employment lawyers said.
Indian stockbrokers clocked stellar growth while the economy went into recession
A record 1.42 crore new demat accounts were opened in the country in 2020. Representational image. | Danish Siddiqui/Reuters
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in crores of rupees during the pandemic.
May 25, 2021
If stock brokering businesses were the benchmark for India’s economic success, no one would believe that the country is going through its worse financial crisis in decades.
Over the last year, as India struggled with Covid-19 outbreaks, the country’s economy went into a recession, the unemployment rate spiked sharply, and thousands of households were pushed into poverty. Many small businesses are currently hanging by a thread.
Away from this gloom and doom, stockbrokers in India have raked in millions during the pandemic.
In the financial year that ended on March 31, 2021, the stock brokerage industry in India clocked an income of Rs27,500-28,500 crore ($3.6 billion), which is around 30-35% higher year-on-year, according to rating agency ICRA.
देश भर के कई सेक्टर की कंपनियां अब अपने एंप्लोई को इंक्रीमेंट (increments), प्रमोशन ( promotions), वेरिएबल पे (TVP) और वन टाइम स्पेशल बोनस जैसे रिवार्ड (rewards) दे रही हैं। कोरोना संकट के इस दौर में कामकाज और मुनाफे पर असर पड़ने के साथ ही बाहरी बाजारों की स्थितियां खराब हुई है।