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PM to meet India Inc today amid global turmoil: 10 Developments

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By NewsGram Staff Writer

In a bid to deliberate on recent developments in the global economic scenario and the opportunities it presents narendramodi_505_051614085156before India, Prime Minister Narendra Modi will meet about 40 pioneers in the industry and leading economists on Tuesday.

10 points of note:

1) PM’s second meeting with India Inc in two months. The timing is right as the markets around the globe are turbulent due to a slowing Chinese economy.

2) The meeting is appropriate as the US prepares to raise interest rates.

3) The point for the meet is ‘Recent Global Events -Opportunities for India’, but a worried India Inc is also expected to bring up its issues about the slow pace of reforms.

4) Out of all the other issues expected to be projected by the industry leaders are investment bottlenecks, poor credit growth and ease of doing business.

5) Pleading anonymity, the sources said the effect of political developments on reforms like the government having to drop the changes it planned to the law to ease land acquisition and its inability to get the Goods and Services Tax Bill through Parliament is also expected to come up.

6) The meeting will be initiated with an address by Finance Minister Arun Jaitley.

7) Chief Economic Advisor Arvind Subramanian will make a presentation.

8) The heads of all three industry chambers – FICCI (Federation of Indian Chambers of Commerce and Industry), CII  FICCI_1

(Confederation of Indian Industry) and ASSOCHAM are among those invited for the meet. Representatives from Federation of Indian Export Organizations (FIEO) will also attend the meeting.

9) The PM last met business leaders on June 30 to hear their grievances on issues ranging from high capital cost to ease of doing business and taxation matters.

10) Today’s meeting will be held at the PM’s Race Course Road residence from 10.30 am. It is expected to last a little over two hours.

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Microsoft Told its Employees in US to Work From Home Due to Coronavirus Outbreak

Microsoft tells US employees to work from home

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Microsoft
Microsoft has allowed employees in Seattle and San Francisco to work from home till March 25 as the novel coronavirus outbreak continues to spread in the US. Pixabay Microsoft has allowed employees in Seattle and San Francisco to work from home till March 25 as the novel coronavirus outbreak continues to spread in the US. Pixabay

Microsoft has allowed employees in Seattle and San Francisco to work from home till March 25 as the novel coronavirus outbreak continues to spread in the US. This is the latest news.

The tech giant has also recommended that those who are feeling sick, have a compromised immune system, or have had contact with someone diagnosed with COVID-19 should work from home. The company employs nearly 54,000 people in the Seattle region.

“Consistent with King County guidance, we are recommending all employees who are in a job that can be done from home should do so through March 25th. Taking these measures will ensure your safety and also make the workplace safer for those that need to be onsite,” said Microsoft Executive Vice President Kurt DelBene in a statement on Wednesday.

There are currently more than 94,000 cases of COVID-19 globally, with 128 confirmed in the US. King County in Washington State has reported 21 cases and eight deaths.

Microsoft
Microsoft has already cancelled all non-essential business travel in regions with active COVID-19. Pixabay

Amazon has also confirmed that an employee at its Seattle headquarters has been tested positive for COVID-19. “If in your role it is essential to be in the office or other work environments (data centre, retail, etc.), plan to continue to go to your location. We will continue to implement the CDC guidelines for cleaning and sanitising the locations,” said DelBene.

The exceptions to this new guidance are the following groups who are being advised by health authorities to avoid interaction in large groups or public settings: If you are over 60, If you have an underlying health condition (heart disease, diabetes, etc.), if your immune system is compromised or if you are pregnant.

“In these cases, you should work with your manager to determine leave options or other accommodations available to you. If you are a caregiver of someone that is immune system compromised, please contact your health provider for input,” said Microsoft.

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“Limit prolonged interactions and try to stay more than six feet (1.8 meters) away from others. Keep in-person meetings as short as possible. Most importantly do not come to work if you are sick. This will be clearly posted on all building entrances,” said the company.

The company has already cancelled all non-essential business travel in regions with active COVID-19. Twitter has also told its 5,000-strong workforce to work from home. (IANS)