Coronavirus LIVE: 3,800 security personnel infected so far in northeast

Coronavirus latest news: Globally, the cases from the deadly infection rose to 19,824,039 with the figures crossing 5.1 million mark in the United States. Stay tuned for coronavirus LIVE updates

7:54 AM

US employment growth slows sharply in July amid Covid-19 pandemic

US employment growth slowed considerably in July amid a resurgence in new Covid-19 infections, offering the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday piles pressure on the White House and Congress to reach a deal on another aid package.

 

Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers. A $600 weekly unemployment benefit supplement expired last Friday, while thousands of businesses have burned through loans offered by the government to help with wages

7:52 AM

Insurers see over 90,000 Covid-related claims worth Rs 1,463 crore

Insurers have seen more than 90,600 Covid-related claims worth Rs 1,463 crore, of which almost 60,000 claims amounting to Rs 563.81 crore have been settled.

 

State-wise data shows, Maharashtra, which has recorded the maximum number of cases in the country, has the maximum claims coming in, followed by Tamil Nadu, Delhi, Gujarat, and Karnataka. While initially, the claim amount was high, now it has moderated as many states have prescribed a standard treatment rate for Covid-19. Even the General Insurance Council has prescribed a standard Covid-19 treatment rate.

7:51 AM

Workers return to new environment as companies reimagine workspaces

For Italian brake-maker Brembo, the Central government's decision to ease the lockdown from the first week of June came as a false dawn. In mid-June, the Tamil Nadu government jammed on the brakes by announcing a complete lockdown in four districts.

 

Close to a hundred employees were supposed to return to work. The challenge now was how to get them to the Brembo plant in Chennai. So for about a month, the House of Hiranandani Group moved 30 workers, who lived in towns outside Chennai, to luxury apartments near the factory.

 

Ever since the government went into an “unlock” mode for economic activities, companies have gone into overdrive to bring back the most critical part of their operations: the workforce. Read more

7:40 AM

Mumbai's coronavirus case tally rises to 1,21,027 with 862 new cases; 45 deaths take toll to 6,690: civic body

7:38 AM

Mumbai coronavirus update: Tally rises to 1,21,027 with 862 new cases; 45 deaths take toll to 6,690: civic body

7:35 AM

Coronavirus death toll in West Bengal rises to 1,954 with 52 fatalities; 2,912 fresh infections pushes tally to 89,666: Health Department

7:04 AM

Six more fatalities push Assam's coronavirus death toll to 132; tally rises to 55,496 with 2,679 new cases: State's health minister

6:51 AM

Covid-19 impact: Inflation may remain high for a few months, say economists

The consumer price inflation (CPI) rate may remain elevated for at least a couple of months more owing to supply-side distortions created by regional lockdowns, taxes on fuels imposed by the Centre and states, commodity prices firming up, and services becoming costlier.

 

“I am not expecting prices to come down materially for the next couple of months,” said Soumya Kanti Ghosh, group chief economic policy advisor, State Bank of India (SBI). He said the food basket was moving the consumer price index (CPI) more than services, which were not being consumed that much by the people. READ ON....