Friday, 29 May 2020

Will people go on revenge buying in post COVID world?

THE ECONOMIC TIMES
Fri, May 29, 2020 | 04:42 PM IST

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Will people go on revenge buying in post COVID world? Will people go on revenge buying in post COVID world?
As per PwC, a spree of "indulgence consumption" may happen in India after the lockdown is lifted. However, Nikhil Prasad Ojha, partner, Bain & Company, says most shoppers will stick to what they need to buy and hold the urge to splurge for more predictable times.
Lockdown may exacerbate India's poverty numbers Lockdown may exacerbate India's poverty numbers
Some 122 million Indians were forced out of jobs last month alone, according to estimates from the CMIE. Daily wage workers and those employed by small businesses have taken the worst hit.
Ride of a lifetime: Migrants take a flight for home Ride of a lifetime: Migrants take a flight for home
Amid migrant stories made of arduous journeys battling hunger and heat on foot, cycle, bus or train, there is some good news as well. 10 farm workers, who were stranded in New Delhi, have finally managed to go back to their homes in Bihar - in their first-ever flight.
All about Section 230, a rule that made the modern internet All about Section 230, a rule that made the modern internet
Under this law, passed by the United States in 1996, internet companies are generally exempted from liability for the material users post on their networks.
Private hospitals under spotlight as coronavirus cases rise Private hospitals under spotlight as coronavirus cases rise
According to a report published by TOI, the Supreme Court on Wednesday asked the Centre to identify private hospitals where Covid-19 infected patients could get treatment for free or at a nominal cost.
The companies giving out pay raises during Covid The companies giving out pay raises during Covid
Ever since the coronavirus spread across the globe, countries have shut down - either partially or completely - leading to stalled economies across countries, which of course led to people being let go. But, there are companies who are working on keeping their employees, and some are even giving them raises.
Why China is making belligerent moves to rattle India Why China is making belligerent moves to rattle India
According to a report filed by TOI, China has been unnerved by India's slow but steady improvement in border infrastructure for faster mobility of its troops and weapon systems in forward areas over the last few years.
World's officially oldest man dies in UK aged 112 World's officially oldest man dies in UK aged 112
The world's oldest man, according to the Guinness World Records, has died from cancer in Britain at the age of 112, his family confirmed on Thursday.
Trump vs Twitter: Targeting social media with an executive order Trump vs Twitter: Targeting social media with an executive order
Acting for first time under its new policy to identify misleading content, Twitter has tagged a tweet of US President Donald Trump who immediately slammed the social giant for the move.
Stranded in paradise: Hundreds of sailors stuck in Pacific Stranded in paradise: Hundreds of sailors stuck in Pacific
Hundreds of sailors are now stranded in the Pacific due to the coronavirus lockdown. The sailors are now stuck in the South Pacific, in Fiji, Tonga, New Zealand and Australia.
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