THE country is currently dealing with not only the COVID-19 pandemic, but also a lot of collateral damage caused by the virus that is now threatening to go out of control. The worldwide economic slowdown is now threatening the livelihood of millions across the globe, including people in India.
For most companies, the second quarter of this year has been wiped out. They are not only dealing with loss of revenue due to the lockdown, but also the impact of all the major economies slowing down. This is impacting bottomlines, translating into lower production, workforce layoffs, lower profits, and thereby lower taxes. With production down to zero, employees locked down in their homes and no sales, most micro, small and medium enterprises (MSMEs) are looking with concern at the biggest fixed cost in such an environment—the workforce.
The government’s relief package of Rs 1.70 lakh crore was an urgent response for the survival of millions, but not a solution to sustain the economy or ensure a quick bounce back after the COVID-19 crisis is over. The ministry of home affairs has made it mandatory for employers to pay salaries during the lockdown period, regardless of whether an employee is required to stay in quarantine or comply with a stay-at-home notice. The MHA has also directed that all employers—in industry, shops and commercial establishments—shall pay wages on due date, without any deduction, for the period their establishments are under closure during the lockdown. This prohibits any deduction or delay in payment of salaries to any employee on account of working from home or leave due to lockdown. The government has invoked the Disaster Management Act, under which this is now a binding law, irrespective of what other laws may say. Any violation of the order would invite punishment, including imprisonment and/or a fine.
この記事は Outlook の April 27, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Outlook の April 27, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Pillars of Viksit Bharat 2024
The Hon'ble Prime Minister Narendra Modi's vision of Viksit Bharat 2047' represents a complete blueprint for the country’s prosperity during its Amrit Kaal towards attaining resolutions made for Aatmanirbhar Bharat’
Innovation in Healthcare Products
Vatsal Desai pioneering the path to healthier living in a growing India
A Master Weaver of Heart Health
In the intricate tapestry of interventional cardiology, Dr Vashisth Das stands out as a master weaver, deftly navigating the delicate threads of life and technology to mend hearts and restore hope
Viksit Bharat 2047: Empowering India through Education & Self-Reliance
As India approaches 2047, the centenary of its independence, the dream of a “Viksit Bharat” – a fully developed, selfsufficient, and inclusive nation – is steadily turning into reality.
Revolutionising New Age Learning
A visionary leader and an educationist par excellence, GS Patnaik shares with the Outlook Group his approach towards driving Value-based and holistic learning initiatives
Pioneering Social Transformation
Achyuta Samanta dedicated to bringing about social change through education and social services for people at the grassroots level
A Vision for Developed India
The concept of Viksit Bharat” Developed India) embodies the aspiration for a prosperous, inclusive, and sustainable India. The framework for achieving this ambitious but achievable goal, in my opinion, can be articulated through some key pillars that serve as the foundation for national progress
Chasing Dreams Relentlessly
For the young and aspiring youth, Manu Bhaker is a fine example of how hard work and perseverance can help achieve set targets
Standing Tall as a Pillar in Healthcare Sector
As technology is advancing and there is an upsurge in medical sciences, Yashoda Hospital is keeping up to its promise of providing top tier healthcare services using specialised and advanced medical technologies and equipment.
Upholding/Strengthening India's 'Viksit Bharat' Dreams
Landmark Crafts Pvt. Ltd., Ghaziabad, Delhi-NCR, is a flourishing enterprise where necessity, keen identification of agap and the right timing of launching HP Self-Drilling Screws in 1995, backed by grit, is a perfect recipe of a success story that pioneered an industry. Mr Pankaj Lidoo and MrVipin Lidoo, Directors of the company, hailing from Kashmir, have set their target to achieve India's dream of a Viksit Bharat by 2047 with visionary zeal
