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About Indian Economy Growth Rate & Statistics For Closing year 2019-2020

*Introduction* India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers of the world over the next 10-15 years, backed by its strong democracy and partnerships. *Market size* India’s nominal GDP growth rate is estimated at 12 per cent in 2019-20. The estimate for 2018-19 was 11.5 per cent. During Q2 of 2019-20, GDP (at constant 2011-12 prices), GDP stood at Rs 33.16 lakh crore the(US$ 474.46 billion) showing a growth rate of 4.3 percent over the corresponding quarter of previous year. India has retained its position as the third largest startup base in the world with over 8,900-9,300 startups, with about 1,300 new start-ups being founded in 2019, according to a report by NASSCOM. India also witnessed the addition of 7 unicorns in 2019 till August, taking the total tally up to 24. India's labour force is expected to touch 160-170 million by 2020, based on rate of population growth, increased labour force participa...

Lay off as one of the measure....- Puja Sinha ( HR, APML)

  Currently, COVID-19 is spreading like wildfire and leaving behind its deadly impact across the world. IMF has already predicted the contraction of the world economy in 2020 by 3% as compared to nearly 2.3% GDP growth in 2019.  Some experts are projecting one of the worst recessions the world has ever seen. This would have a varied impact on businesses depending on the sector, financial muscle, and management decisions of the company. While certain businesses may permanently close down, some will struggle and some will come out as a winner. There will be both permanent and temporary lay-offs leaving millions of people jobless. Even in this imminent recession, a certain set of companies into health-care, pharma, medical equipment, online media & entertainment, e-learning, digital payment/ fintech, food processing, etc. are witnessing increased demand and will create new job opportunities for some. Human Resources are the lifeline of any organization and need to be hand...

Importance of Suraksha Outlet- Subham & Arka ( PGDM Students at IMIS)

The sudden strike of Covid-19 pandemic, has stopped the operations in each sector, including necessary FMCG sector. Some of the FMCG goods along with medicine and food are minimum necessary requirements for people. Moreover a large portion of the population is employed in these sector and the survival of Agricultural sector is also depend on it. Suraksha outlet is an initiative by our India government to help the citizen to get Covid free supply outlet everywhere and every corner of the country . Because of Covid 19 there is a   fear in mind of the consumer to go in the market to purchase their there daily essential goods but this suraksha outlet which is brought by our govt will help our citizen to do   fearless and safe shopping. Suraksh outlet is an enrolment process where every large to small shopkeeper have to do enrolment in that www.surakshaoutlet.com website to ensure that there outlet is Covid free and they are taking necessary care and precaution to take car...

Financial Upswing of Over-The-Top Media-Service In India – TheAge of COVID-19 -Moumita Sen ( M.Com, Visiting Faculty Member, Techno India School of ManagementStudies, kolkata)

The COVID-19 outbreak globally and nationwide lockdown have had an emerging impact on almost every industry of an economy. Besides sabotaging the economic activity and lowering consumption the pandemic has upswing lifestyle and behavioral changes in people. The way people live, eat, play, work and entertain their selves has been altered since last few months.     Among every sectors related to public life style. Media & Entertainment (M&E) industry has been seen to altering its platforms and shifting their consumption patterns to hold their consumer. Moreover it better to they have managed to boost consumer number with Over-the-top-media Services during this pandemic situation. People tend to shift from traditional Media towards online streaming services like Netflix, Amazon Prime, Disney + Hotstar, Voot, Eros Now etc                                          ...

Current Account- Facts And Issues -Arka Chakraborty( PGDM Student at IMIS)

All of us are having different kind of accounts in different banks, but many of us do not understand actually what kind of account we are having, what are the features of that account, what other options do we have. Today and in upcoming weeks I am going to discuss about features of different accounts. Today I am starting with the Current Account and particularly about HDFC Bank. 1. What is a Current Account with a bank? Current   accounts are very popular among companies, firms, businessmen who generally have higher number of transactions with the bank.  Many banks have different types of current account having different minimum account balance (monthly or quarterly) and maximum deposit feature. Basic features of current account are below ·          Overdraft facility ·          Number of free transactions allowed ·          Normally banks does n...

Human Resources Best Practices During COVID-19 -Subham Ghosh( PGDM Student at IMIS)

  In times of crisis such as the one we are currently experiencing, HR is called to assess and contribute to a broader response that embeds our organization’s mission, values, and societal impact with a focus on the well-being of our staff, stakeholders, and the community. We need strategies for business continuation that also addresses how people can stay psychologically resilient. This is particularly important in the nonprofit sector, where dedicated staff are the champions of the continuation of services to their communities. Now is the time your people need you the most. It is key for HR to promote a climate of calm while also engaging leadership to respond with timely, accurate, assertive, clear, and consistent communication from all levels of the organization. In addition, communication needs to be honest, open, and as transparent as possible to maintain credibility. The approach should always come from a place of empathy and understanding of the different impacts si...