Firms await stimulus, warn of layoffs: Ficci survey on coronavirus impact

With coronavirus pandemic acquiring a ‘deep impact’ on Indian companies, careers are at hazard above the coming months as companies are looking at some reduction in manpower, says an market survey.

The Covid-19 disaster has previously induced an unparalleled collapse in economic actions above the past few weeks, it provides.

The survey, jointly executed by market human body Ficci and tax consultancy Dhruva Advisors by looking for responses from about 380 organizations across sectors, also stated that companies are grappling with “incredible uncertainty” about their future.

Just about 72 for each cent of the respondents stated that the existing problem is acquiring a “high to really high” degree of effect on their business enterprise.

A considerable the greater part of the respondents do not foresee a optimistic demand from customers outlook for their business enterprise in this fiscal, with 70 for each cent of the surveyed companies anticipating a degrowth

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EU, Tech Firms Renew Alert System to Fight Coronavirus Disinformation

BRUSSELS—The European Union is reviving an alliance formed last year with U.S. tech businesses to fight online political disinformation, now focused on false info about the coronavirus.

The European Fee, the bloc’s executive physique, has renewed a rapid-alert technique it created with Facebook Inc., Alphabet Inc.’s Google, Microsoft Corp., Twitter Inc. and Mozilla Corp. to make certain that actions from disinformation about the novel coronavirus are shared rapidly with EU governments.

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