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An Analysis of Coronavirus outbreak: How would a Prolonged shutdown affect the Indian Market?

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The Covid-19 has now fully embedded in the economic system if not the society to a great extent. The government has ordered a shutdown across the country as a preventive measure, which will soon affect each individual directly as well as indirectly. Based on what has happened in other nations, it can be inferred that nothing much can be done and that the economic effects will be much more serious depending on how long the virus proliferates. At best, the government and central bank will try to relieve misery but cannot provide a solution and the economic impact would be profound. Let’s understand the effect that the dangerous virus has on every sector: The GDP growth and growth would be on the bed rest At a very specific point, a single day of a full shutdown involving zero productio...

2-Year Blueprint for Organizations During and Post Covid-19

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2020 has brought a new level of challenges for economies around the world, more like the climax of an impending recession brewing up throughout 2019. With the seemingly unending Covid-19 pandemic – individuals, organizations, nations – everyone is affected. A global demand slowdown is imminent, India has been experiencing it for quite some time now. The good news is, that this too shall pass. Winston Churchill is credited with first saying “Never let a good crisis go to waste”, while approaching the end of World War II. Leaders have an important role to play right now. You are expected to carry a positive and progressive mindset and act with integrity, grace and poise while navigating the challenges that lay ahead. You must leverage this crisis to create a strong foundation for...

Summary of Advisories issued by Central Government during Covid19 Outbreak

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In the wake of the Covid19 outbreak in India, NASSCOM has been liaising with various Departments and Ministries of the Government of India, keeping safety, outbreak mitigation and business continuity for the industry as a priority. Summary of important advisories issues by Central Government is as follows: Relaxation of Work from Home (WFH) norms under Other Service Providers (OSP) Regime Department of Telecommunications (DOT), vide notification (No. 18-5/2015-CS-I) dated 13th March 2020, amended the terms and conditions related to WFH for OSP. These amendments are in line with NASSCOM recommendations, which are as follows: The condition related to bank guarantee is now removed The condition related to requirement of establishing connectivity through PPVPN has also been relaxed and organiz...

Technological solutions to fight against Coronavirus

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Amidst this pandemic, everybody is standing united to fight against COVID-19. Irrespective of their professions people are coming together to build technologies that can help in fighting against COVID-19. Everybody is trying their best to contribute to society in one way or the other. From government to start-ups no stone is left unturned to save the humans from this contagious disease. From COVID-19 detecting device to Chabot providing assistance and Robots are being introduced so that the onus on the doctors and police force is mitigated. This time Startups are being looked forward to,  for providing innovative and useful solutions to the problems caused by COVID-19. Taking a look at some of the technologies that are being introduced in these strenuous days:- 1. MyGov corona helpdesk has...

Equipment Maintenance Still Required During the COVID-19 Pandemic

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In times of stress, like the current COVID-19 pandemic, some will jettison established procedures in an attempt to cut short term costs to manage quarterly profitability.  Management may be thinking that, since we have less activity, we don’t need maintenance.  But this approach is short sighted and positions the company for chaos and failure when recovery occurs. Panic Creates Chaos – Especially with Maintenance Nearly all businesses have essential assets for producing the goods and services that provide revenue.  Among firms currently experiencing a rapid decline in revenues with the COVID-19 pandemic, management feels extreme urgency – some would call it panic – to cut costs.  Since activity is low, there is a temptation to eliminate maintenance. Unplanned Downtime Leads to Lost R...

This time will never come back,reset and reinvent yourself!

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March 2020 will forever be remembered in History as the month that brought the entire world to a standstill. The COVID-19 pandemic has taken the world by storm and has already been declared an unprecedented event in the history of mankind. It has forced us all to modify our lifestyle – from the way we live, to the way we learn, to the way we conduct our business. In these times of global crisis while almost all the businesses around the world have suffered, there are some companies which continue to function in high spirits and but also keep the engagement levels high in these times of isolation.One such company is SpeakIn, backed by some of the finest thought leaders around the world, is determined to not just persist, but also to keep the people informed and educated about the happenings...

Mobile Security – A Growing Concern For Businesses & The Impact Of Pandemics

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“Mobile device productivity comes at a price — increased security risks.” As mobile security threats are escalating in number as well as evolving in scope, both individuals and enterprises need to understand common threat vectors and prepare for the next generation of malicious activities. Presently, there are more than 6.8 billion smartphone users in the world. As our dependency on mobile devices increases over time, so does the data security and thus, the motivation for cybercriminals. The rapidly growing global momentum of mobile usage has made “mobile security” more critical than ever. It is astonishing to know that mobile accounts for approximately half of the web traffic across the globe. In the fourth quarter of 2019, mobile devices (not including tablets) generated 52.6% of global ...

What enabled IT Industry to work efficiently from home during this lockdown situation?

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The pandemic COVID-19 not only brought a chaotic situation to human health but also to the country’s economy too. Due to the lockdown of various large to small size industries, our country’s economy is facing the worst phase in the decade. But, few industries like Information Technology (IT) are able to keep up their productivity even in this crisis time. Their way of working and dealing with clients has enabled them to perform such difficult tasks easily. But, the question is, how are they managing such huge operations remotely yet efficiently. Well, here are the ways that will help you understand IT industries efficient remote working procedure. Strategic ways through which IT industry is performing WFH Technologies: Technology has always been a savior during life-threatening situations....

Start-Up Vs COVID-19 : Who will win ?

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The COVID-19 pandemic is rapidly putting the start-ups and small business in a very novel situation. This crisis, is leaving a negative impact on the company’s operations and financial position. But still, it has given a lot of opportunity for the startups to work on, and prove how innovative they can be in such a challenging situation.The challenge to fight Corona-Virus is open to all type of startups, companies and innovators, which can definitely fill in the gap between the demand and supply of essentials to fight the COVID-19 crisis. Startups are already on their hustle mode to deal with the situation. Let’s look into some of the initiatives taken up by the start-ups around the world – BlinkIN – This is a start-up from Center of excellence Bengaluru, which has established remote tech s...

ACCA Economic Briefing: insights into the economic consequences of the Covid-19 epidemic by Michael Taylor, chief economist – ACCA

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https://www.accaglobal.com/uk/en/news/2020/march/ACCA-economic-impact-Covid-19.html 24 March 2020: ACCA’s chief economist, Michael Taylor, presents the latest of ACCA’s economic insights into the economic consequences of the Covid-19 epidemic The global economy is heading into a recession, initially at least a pretty severe one. The measures introduced by governments in an attempt to slow the spread of the virus are having a dramatic effect on huge swathes of economic activity. There is the direct loss of output and employment caused by the closure of shops, bars, restaurants, the reduction in travel and, in some areas, complete lockdown. In businesses that continue to operate with employees working from home, productivity and output will suffer. Such economic pain is being felt simultaneo...