Never miss a story

Get subscribed to our newsletter


×
88% of the Indian workers prefer to have the flexibility of working from home. Pixabay

At least 88 per cent of the Indian workers prefer to have the flexibility of working from home, (WFH), while 69 per cent believe their productivity has increased while working remotely, a new survey revealed on Wednesday.

The survey conducted by expense, travel and invoice management solutions provider SAP Concur, also shows that merely 11 per cent of Indian organisations have embraced end-to-end digital finance and administrative processes. Across India, 36 per cent of mid-large sized companies are still using manual processes for submitting business expenses, the study said.


Follow NewsGram on Instagram to keep yourself updated.

According to the survey, manual processes in expense management and the resulting inefficiencies may be causing India estimated productivity losses of $2.25 billion per year.

“Bringing in digital transformation for expense claims or invoice processing can have a huge multiplier effect on business and cost control and at the same time provide the operational agility needed for business continuity,” Mankiran Chowhan, Managing Director–Indian Subcontinent, SAP Concur, said in a statement.


76% employees in India said their organisations provide subsidies or completely pay for a mobile plan. Pixabay

The study also found that current expense management systems’ support for modern payment methods is inadequate.

Also Read: Hybrid New Normal of Work Comes With its Own Set of Challenges: Microsoft

According to the data, more than a third (39 per cent) of respondents said they want their expense management software to integrate with external apps to enable added functionality like reimbursement of payments made through super apps (umbrella apps containing other apps).

While 76 per cent employees in India said their organisations provide subsidies or completely pay for a mobile plan, broadband internet and IT peripherals for work, 22 per cent Indian employees want their organisations to pay for all expenses needed for a productive working environment at home, the report said.

The survey also revealed that 79 per cent of Indian employees strongly link their overall finance and administrative experience and their overall satisfaction of working for their organisations. (IANS)


Popular

IANS

As the economy continues to recover from the prolonged pandemic.

By Rohit Vaid
The Centre might bestow infrastructure as well as industry status to new sectors to boost several pandemic hit industries in the upcoming Union Budget. Industry insiders said that several sectors and sub-industries such as hospitality, automobile retail, specific diganotics facilities and companies engaged in installation of EV charging stations amongst others might get the status.
The infra tag will enable these sectors to avail tax breaks, incentives and credit on lower interest rates. "Sectors which are in greenfield or which would need capex augmentation to help them overcome the pandemic can be looked from the lens of an infrastructure sector," said Jagannarayan Padmanabhan, Director and Practice Leader, Transport & Logistics, Crisil Infrastructure Advisory. "Also many of the already identified sectors need a sustained policy push which will help them get visibility both in terms of quantum and the time period of applicability."

Till now, activities associated with laying of power and telecom transmission and distribution lines, roads, highways, railways and construction of facilities such as hospitals, affordable housing, power generation units, water treatment plants, SEZs and certain type of hotels amongst others were given such status.

Besides, these sectors are a part of harmonised master list for infrastructure sub-sectors. However, in April 2021, exhibition-cum-convention centre was included in the list. "Given the focus around electric vehicle, and need for significant investment in charging stations, if the government adds the sector in infrastructure list, the benefits arising out of it will be significant," said Vishal Kotecha, Director, India Ratings and Research. "Infra tag on sectors increases ability to raise funds, access to dedicated funds and lenders, foreign capital, lower interest rates among others."

Electric car Given the focus on electric vehicles, the advantages of including the industry in the infrastructure list will be enormous. Free SVG

Keep Reading Show less
Wikipedia

A team is working to produce safest medicine for covid treatment.

A team led by chief scientist Ravi Shankar, is working on two combinations to provide the safest medication to coronavirus patients. "Experts say that a combination of antivirals with different mechanisms can be more effective to counter the viral pandemic. We are working on two combinations - Umifenovir with Molnupiravir (an antiviral) and Umifenovir with Niclosamide (anti-parasitic)," he said.

Also read: Antiviral Remdesivir Receives FDA

Molnupiravur drug has received only Emergency Use Authorisation in India and abroad. Though its usage showed reduced hospitalisation during clinical trials, its biggest drawback are the side-effects, he added.

"Now, we are trying to keep a low dosage of Molnupiravir in its combination with Umifenovir which may weed out the side-effects such as the risk of cartilage and muscle damage. If successful, it will make Umifenovir more effective in Covid-19 treatment," said the chief scientist. The other combination is Umifenovir with Niclosamide.

Keep Reading Show less
Wikipedia

MEA Jaishankar instructed Indian envoys to Canada and the US, "to urgently respond to the situation."

External Affairs Minister S. Jaishankar on Friday instructed Indian envoys to Canada and the US, Ajay Bisaria and Taranjit Singh Sandhu, "to urgently respond to the situation" where four Indian nationals including an infant have lost their lives on the US-Canada border. The minister said this in a public tweet. Neither of the two missions have responded on the microblogging site till the time of filing of this report.

In a statement Thursday without identifying the victims, the Royal Canadian Mounted Police (RCMP) stated that "on the morning of January 19, 2022, RCMP officers with the Integrated Border Enforcement Team received concerning information from their counterparts in the United States".

Royal Canadian Mounted Police (RCMP) RCMP officers received concerning information from their counterparts in the United States.Wikipedia

Keep reading... Show less