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Kotak Mahindra Bank announces 10% salary cut for a section of employees

city Mumbai covid-19 2020 pandemic economy

07.05.2020 - 13:11

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livemint.com:

MUMBAI: Kotak Mahindra Bank has decided to cut salaries by 10% for employees earning over ₹25 lakh per year, an internal communication of the bank said.

The communication, seen by Mint said, “We have decided on a 10% reduction in cost to company (CTC) for all colleagues with a salary of more than ₹25 lakh per annum, with effect from May 2020 for FY21.

Employees earning less than ₹25 lakh per anum will not be impacted," the private sector lender said. The bank said covid-19, which has wreaked havoc on the economy, will in turn impact financial services firms like the bank.

On 29 March, the bank had committed ₹25 crore towards the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM Cares) fund.

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Nirmala Sitharaman - Will the new EPF rule lead to a 2% cut in your basic salary and DA? - livemint.com - city New Delhi

14.05.2020 / 12:46

Will the new EPF rule lead to a 2% cut in your basic salary and DA?

NEW DELHI : As a temporary relief measure to increase in-hand salary during the coronavirus crisis, finance minister Nirmala Sitharaman has reduced the employees' provident fund (EPF) contribution by 4% for three months. Employees of around 6.5 lakh companies will benefit with liquidity of around ₹2,250 crore every month.

Nirmala Sitharaman city New Delhi Government crisis Coronavirus

Tesla to cut prices in China again as competition heats up - livemint.com - China

14.05.2020 / 12:46

Tesla to cut prices in China again as competition heats up

Tesla Inc. is cutting prices of cars sold in China for a second time this month as competition starts to heat up again in the world’s largest electric-vehicle market.

China virus outbreak pandemic Coronavirus

Central govt employees may work from home post-lockdown, DoPT draft framework - livemint.com - India

14.05.2020 / 09:57

Central govt employees may work from home post-lockdown, DoPT draft framework

Asserting that central government employees may have to work with staggered attendance and variable working hours, the Personnel Ministry has come out with a draft framework for 'work for home' for the staff post-lockdown.

India guidelines information Government Department

EPF relief to increase take-home salary, but you may end up paying higher taxes - livemint.com

14.05.2020 / 09:15

EPF relief to increase take-home salary, but you may end up paying higher taxes

In order to provide more liquidity in the hands of employees and ease the cash crunch that employers may be facing, the government on Wednesday reduced the monthly provident fund contribution for both employee and employer from 12% each to 10% each for the next three months.

covid-19 Government crisis

In relief to Leighton India, HC asks DLF to deposit invoked bank guarantees - livemint.com - city New Delhi - India - city Delhi

14.05.2020 / 07:35

In relief to Leighton India, HC asks DLF to deposit invoked bank guarantees

NEW DELHI: The Delhi high court has directed DLF Limited to deposit invoked bank guarantees issued by Leighton India Contractors, as part of a business agreement between the two, in a fixed deposit under the name of registrar general of the court.

city New Delhi India city Delhi covid-19

Saskatchewan - Feds announce $2.3 million to combat COVID-19 in northwestern Saskatchewan - globalnews.ca - Canada

14.05.2020 / 07:09

Feds announce $2.3 million to combat COVID-19 in northwestern Saskatchewan

The federal government is contributing $2.3 million in funding to the ongoing fight against the COVID-19 outbreak in northwestern Saskatchewan.

Saskatchewan Canada covid-19 PPE Coronavirus

Shinzo Abe - Asia Today: Japan may ease emergency, SKorea sees more cases - clickorlando.com - Japan - city Bangkok - city Tokyo

clickorlando.com

14.05.2020 / 05:39

Asia Today: Japan may ease emergency, SKorea sees more cases

BANGKOK – Japan’s government is holding a coronavirus task force meeting Thursday to get experts’ approval on a plan to lift a state of emergency in most areas except Tokyo and other high-risk areas ahead of schedule.

Shinzo Abe Japan city Bangkok city Tokyo death infection Coronavirus

Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth - globalnews.ca - Canada

14.05.2020 / 04:00

Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth

The Conference Board of Canada is projecting Saskatoon will be one of the hardest hit metropolitan economies this year because of the novel coronavirus pandemic.

Canada pandemic economy Coronavirus

Saskatoon medical cannabis company making potential COVID-19 vaccine components - globalnews.ca

14.05.2020 / 02:41

Saskatoon medical cannabis company making potential COVID-19 vaccine components

Saskatchewan researchers are trying to see if plants hold a role in the fight against the novel coronavirus.

covid-19 coronavirus news coronavirus update Coronavirus

Nova Scotia - Snowbirds set to fly over Regina, Saskatoon Thursday for Operation Inspiration - globalnews.ca - Canada

14.05.2020 / 02:35

Snowbirds set to fly over Regina, Saskatoon Thursday for Operation Inspiration

Following a quick nap and laundry at home in Moose Jaw, the Canadian Forces Snowbirds say they’re ready to return to the skies.

Nova Scotia Canada covid-19 coronavirus canada Coronavirus Updates Coronavirus

Staff infected at Vigi Mont-Royal seniors’ residence after ventilation system malfunction - globalnews.ca

14.05.2020 / 02:35

Staff infected at Vigi Mont-Royal seniors’ residence after ventilation system malfunction

Every day at the Vigi Mont Royal seniors’ residence in the Town of Mount Royal, there is a small group of people who visit loved ones through their windows on the first floor.

Coronavirus In Canada covid-19 news Coronavirus Covid-19 update

Deena Hinshaw - Alberta announces 62 new COVID-19 cases, outbreak at Horizon work camp - globalnews.ca

14.05.2020 / 02:34

Alberta announces 62 new COVID-19 cases, outbreak at Horizon work camp

Alberta’s chief medical officer of health, Dr. Deena Hinshaw, updates the province’s response to COVID-19 for May 13, 2020.

Deena Hinshaw covid-19 outbreak 2020

Jason Kenney - Kenney explains why the government took so long to announce delayed relaunch in Calgary and Brooks - globalnews.ca

14.05.2020 / 02:33

Kenney explains why the government took so long to announce delayed relaunch in Calgary and Brooks

Alberta Premier Jason Kenney responds to questions regarding the timing of the announcement that Calgary and Brooks would be relaunching slower than the rest of the province.

Jason Kenney Government

Dan Spector - Mont-Royal Senior’s residence tackling ventilation system amidst covid19 outbreak - globalnews.ca

14.05.2020 / 01:03

Mont-Royal Senior’s residence tackling ventilation system amidst covid19 outbreak

Why are they cleaning the ventilation system at Vigi Mont Royal? Can the COVID-19 virus spread that way? Global’s Dan Spector finds out.

Dan Spector virus covid-19 outbreak Ventilators

Eileen De-Villa - Coronavirus: 2nd resident of Toronto homeless shelter system dies of COVID-19 - globalnews.ca - county Hall - county Dixon

14.05.2020 / 00:30

Coronavirus: 2nd resident of Toronto homeless shelter system dies of COVID-19

Toronto’s top public health official says a second man who uses the city’s homeless shelter system has died of COVID-19.

Eileen De-Villa county Hall county Dixon covid-19 Coronavirus Toronto Coronavirus

Calvin Klein - Rhian Sugden - Page 3 icon Rhian Sugden flaunts boobs and abs in itsy bitsy crop top - dailystar.co.uk

dailystar.co.uk

13.05.2020 / 23:49

Page 3 icon Rhian Sugden flaunts boobs and abs in itsy bitsy crop top

Page 3 legend Rhian Sugden has put on quite the eye-popping display as she posed up a storm in a teeny crop top.

Calvin Klein Rhian Sugden pandemic Page 3 Coronavirus

Morrisons launches 'speedy shopping' system in Scots stores - dailyrecord.co.uk - Scotland

dailyrecord.co.uk

13.05.2020 / 23:41

Morrisons launches 'speedy shopping' system in Scots stores

Morrisons is bringing in a new speedy shopping system in a bid to get customers in and out quickly during lockdown.

Scotland Coronavirus

Coronavirus: Bank of England buys £200bn of government debt to avoid austerity - mirror.co.uk

13.05.2020 / 22:55

Coronavirus: Bank of England buys £200bn of government debt to avoid austerity

The Governor of the Bank of England said it is buying £200billion of Government debt in a bid to avoid a return to austerity.

covid-19 Government crisis Coronavirus

Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth - globalnews.ca - Canada

13.05.2020 / 22:45

Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth

The Conference Board of Canada is projecting Saskatoon will be one of the hardest hit metropolitan economies this year because of the novel coronavirus pandemic.

Canada covid-19 saskatchewan covid-19 Coronavirus Saskatoon COVID-19

If COVID-19 forces classes to remain online, should universities cut tuition? - globalnews.ca - Britain - city Ottawa - city Columbia, Britain

13.05.2020 / 22:31

If COVID-19 forces classes to remain online, should universities cut tuition?

Among those students is Catherine Litinsky. Her first year as a law student at the University of Manitoba was almost complete when the virus abruptly forced all of her classes to move online.

Britain city Ottawa city Columbia, Britain covid-19 coronavirus news coronavirus update Coronavirus

Interior Health - Health Authority - Coronavirus: B.C.’s Interior Health announces resumption of elective surgeries - globalnews.ca

13.05.2020 / 21:45

Coronavirus: B.C.’s Interior Health announces resumption of elective surgeries

The Interior Health Authority says elective surgeries that were postponed because of the coronavirus pandemic will resume later this month.

Interior Health Health Authority covid-19 Coronavirus

Doug Ford - Coronavirus outbreak: Ontario premier says announcement on Stage 1 reopening was ‘just getting people ready’ - globalnews.ca

13.05.2020 / 21:35

Coronavirus outbreak: Ontario premier says announcement on Stage 1 reopening was ‘just getting people ready’

Ontario Premier Doug Ford addressed questions on Wednesday afternoon about Stage 1 of the province’s relaunch strategy, which he has said will be unveiled on Thursday.

Doug Ford outbreak Government Coronavirus

Narendra Modi - Monsoon may drain health system - livemint.com - India

13.05.2020 / 21:17

Monsoon may drain health system

Rains may trigger a surge in diseases such as malaria, adding to the burden of an already strained healthcare system

Narendra Modi India strain malaria

Under 1% of MLB employees test positive for virus antibodies - fox29.com - New York

13.05.2020 / 21:16

Under 1% of MLB employees test positive for virus antibodies

According to an Associated Press report, a potential plan from the players' union could have games restarting this summer without fans in attendance.

New York virus covid-19 testing

Justin Trudeau - Coronavirus outbreak: Trudeau announces support for Canada’s largest employers - globalnews.ca - Canada

13.05.2020 / 20:28

Coronavirus outbreak: Trudeau announces support for Canada’s largest employers

Prime Minister Justin Trudeau announced Monday that federal financing will be available to the country’s largest employers to help weather the COVID-19 economic crisis.

Justin Trudeau Canada covid-19 outbreak crisis Coronavirus

Relief for real estate sector amid Covid crisis: Watch govt announcement - livemint.com

13.05.2020 / 19:54

Relief for real estate sector amid Covid crisis: Watch govt announcement

The Union government has announced measures to giv... moreThe Union government has announced measures to give relief to the real estate sector amid the severe slowdown caused by Covid-19.

covid-19 Government crisis

Don’t fear debt mutual funds, but monitor their portfolio to detect risks - livemint.com - India

13.05.2020 / 19:51

Don’t fear debt mutual funds, but monitor their portfolio to detect risks

It’s important to consider both NAV-based and portfolio-based parameters for evaluation

India covid-19 pandemic crisis consequences

Nitin Gadkari - Nirmala Sitharaman - MSME sector to gain from measures announced by finance minister, says Gadkari - livemint.com - city New Delhi

13.05.2020 / 19:51

MSME sector to gain from measures announced by finance minister, says Gadkari

Gadkari said measures such as setting up a Fund of Funds with a corpus of ₹10,000 crore will provide equity funding support and will support MSMEs

Nitin Gadkari Nirmala Sitharaman city New Delhi covid-19 economy Government crisis

Tom Wolf - Pennsylvania announces 58,698 cases of COVID-19; 3,943 deaths - fox29.com - state Pennsylvania

13.05.2020 / 19:36

Pennsylvania announces 58,698 cases of COVID-19; 3,943 deaths

Philadelphia officials give an update on the new cases of coronavirus during press conference Thursday

Tom Wolf state Pennsylvania covid-19 death Coronavirus

Almonte Country Haven announces 2 more coronavirus-related deaths - globalnews.ca

13.05.2020 / 19:18

Almonte Country Haven announces 2 more coronavirus-related deaths

Two more residents at an Almonte, Ont., long-term care facility have died as a result of the coronavirus.

COVID-19 deaths Coronavirus

Most of Wall Street sinks as worries about economy weigh - clickorlando.com - city Bangkok

clickorlando.com

13.05.2020 / 18:29

Most of Wall Street sinks as worries about economy weigh

BANGKOK – Stocks are falling in another erratic day of trading on Wall Street Wednesday, tacking on more losses to their end-of-day slide from a day before.

city Bangkok virus economy infection Coronavirus

Narendra Modi - Nirmala Sitharaman - Govt’s MSME related reform announcements high on optics, outreach - livemint.com - city New Delhi

13.05.2020 / 18:13

Govt’s MSME related reform announcements high on optics, outreach

NEW DELHI : The National Democratic Alliance (NDA) government on Wednesday reached out to its core support base as it made a slew of announcements on reform measures particularly targeted at aiding the micro, small and medium enterprises (MSMEs), giving relief to salaried class and restoring demand to increase purchasing power.

Narendra Modi Nirmala Sitharaman city New Delhi outbreak pandemic Government Coronavirus

Nirmala Sitharaman - FM’s announcements will help address supply side constraints feels industry - livemint.com

13.05.2020 / 18:11

FM’s announcements will help address supply side constraints feels industry

The finance minister announced ₹3 lakh crore collateral-free automatic loans for MSMEs, ₹20,000 crore subordinate debt for stressed MSMEs and ₹50,000 crore equity infusion for MSMEs through a ‘Fund of Funds’

Nirmala Sitharaman experts pandemic economy shock

Walmart to give hourly employees another round of cash bonuses amid COVID-19 pandemic - fox29.com

13.05.2020 / 18:09

Walmart to give hourly employees another round of cash bonuses amid COVID-19 pandemic

The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring.

covid-19 pandemic mask Coronavirus

Deutsche Bank resumes job cuts as bosses forgo a month’s pay - livemint.com

13.05.2020 / 17:20

Deutsche Bank resumes job cuts as bosses forgo a month’s pay

Deutsche Bank AG abruptly ended the suspension of its huge job cuts program after the coronavirus outbreak, saying it will resume dismissals as Chief Executive Officer Christian Sewing strives to beat his own expense targets.

outbreak pandemic Coronavirus

Uday Kotak - With a provision shield on, Kotak Mahindra Bank scouts for worthy borrowers - livemint.com

13.05.2020 / 17:20

With a provision shield on, Kotak Mahindra Bank scouts for worthy borrowers

It was not a surprise that the bank chose to take a hit on its net profit by setting aside ₹1047 crore provisions including ₹650 towards specific risks arising out of the covid-19 pandemic

Uday Kotak covid-19 pandemic crisis

Narendra Modi - Nirmala Sitharaman - Will boost liquidity, empower entrepreneurs: Modi on Sitharaman's announcements - livemint.com - city New Delhi

13.05.2020 / 17:20

Will boost liquidity, empower entrepreneurs: Modi on Sitharaman's announcements

New Delhi: Prime Minister Narendra Modi said the announcements made by the government on Wednesday to boost the economy will go a long way in addressing issues faced by businesses, especially MSMEs.

Narendra Modi Nirmala Sitharaman city New Delhi covid-19 economy Government Coronavirus

S.Jaishankar - India urges SCO to jointly identify new ways to sustain economic growth - livemint.com - China - city New Delhi - India - Russia - city Shanghai

13.05.2020 / 17:20

India urges SCO to jointly identify new ways to sustain economic growth

NEW DELHI : India on Wednesday urged the China and Russia led Shanghai Cooperation Organization (SCO) to jointly identify new ways to sustain economic growth battered by lockdowns triggered by the novel coronavirus pandemic.

S.Jaishankar China city New Delhi India Russia city Shanghai virus covid-19 pandemic Coronavirus

Christine Elliott - Ontario to monitor rare inflammatory illness in children with COVID-19 - globalnews.ca

13.05.2020 / 17:07

Ontario to monitor rare inflammatory illness in children with COVID-19

TORONTO – Ontario’s Health Minister says the province is going to better monitor children after reports of a rare inflammatory illness in kids diagnosed with COVID-19.

Christine Elliott covid-19 coronavirus news covid-19 canada Coronavirus

New clusters pop up; Europe debates summer tourist season - clickorlando.com - China - city Wuhan - city Bangkok - Lebanon

clickorlando.com

13.05.2020 / 16:45

New clusters pop up; Europe debates summer tourist season

BANGKOK – New coronavirus clusters have appeared as nations struggle to balance reopening economies with preventing a second wave of infections and deaths, while in Europe, a debate erupted over the summer travel season.

China city Wuhan city Bangkok Lebanon virus infection travelers

EPFO contributions curtailed to boost take home pay, reduce employees cost - livemint.com - city New Delhi

13.05.2020 / 16:40

EPFO contributions curtailed to boost take home pay, reduce employees cost

NEW DELHI : The Union government on Wednesday announced a reduction in statutory deductions for the employees provident fund (EPF) for both employers and employees to 20% for the next three months. The move will benefit around 650,000 companies.

city New Delhi covid-19 outbreak pandemic Government

Five announcements on EPF and income tax made by FM Nirmala Sitharaman today - livemint.com - India

13.05.2020 / 16:10

Five announcements on EPF and income tax made by FM Nirmala Sitharaman today

Keeping in view PM Modi's vision of a "self-reliant India", FM Nirmala Sitharaman announced a slew of personal finance measures to boost demand in the country, which is ravaged by the pandemic. Here are the five announcements made by her:

India pandemic Government FIVE

Nirmala Sitharaman - FM Sitharaman announces measures to enable 'self-reliant' India: 10 things to know - livemint.com - India

13.05.2020 / 16:04

FM Sitharaman announces measures to enable 'self-reliant' India: 10 things to know

FM Sitharaman today released the details of the ₹20 trillion stimulus packages to restore the health of Indian economy hit by Covid-19 pandemic. Here are the 10 things to know about the mega package

Nirmala Sitharaman India covid-19 2020 Government

Three Queen’s University employees placed on temporary leave because of COVID-19 - globalnews.ca - city Kingston

13.05.2020 / 16:01

Three Queen’s University employees placed on temporary leave because of COVID-19

Three Queen’s University employees have been placed on temporary leave, according to their union the United Steelworkers.

city Kingston covid-19 Coronavirus

Imelda May - Imelda May announces new spoken word poetry EP Slip of the Tongue, releases new single Home - officialcharts.com

officialcharts.com

13.05.2020 / 15:51

Imelda May announces new spoken word poetry EP Slip of the Tongue, releases new single Home

Imelda May has announced her first spoken word EP of poetry.

Imelda May covid-19 isolate

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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