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    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

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    St. George’s Malabar Independent Syrian Church in Bengaluru Achieves Two World Records

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    FKCCI Confers Prestigious Sir M. Visvesvaraya Award 2026 on Geethanjali Vikram Kirloskar.

    Blackstone Launches Inside Blackstone, a New Podcast Exploring the Ideas, Technologies and Trends Shaping the Future Economy

    World’s Largest Derivatives Exchange NSE Announces Mega IPO Starting September 17.

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    Narayana Health City Anchors Asia’s Highest Volume of Paediatric Haploidentical Transplants

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    “Industrial Collaboration and Global Partnerships Key to Accelerating India’s Space Ambitions”: ISRO Chairman Dr V. Narayanan at Bengaluru Space Expo 2026

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

    Samsung Galaxy Watch9 Launched as the Ultimate Health and Sleep Companion with Snapdragon Wear Elite Platform

    Dr Jitendra Singh and French Minister Philippe Baptiste hold virtual meeting; discuss upcoming ‘International Space Summit’ and France’s participation in ‘Bengaluru Space Expo’

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    Two-Time Champion Ethiopia’s Birhanu Legese Sets Sights on Third Vedanta Delhi Half Marathon Crown.

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    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

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    Levi’s ‘Behind Every Original’ Campaign Returns with Chapter Two: Many Ways, One Original Starring Alia Bhatt.

    The ONLY Fit: ONLY India’s New Denim Collaboration with Smriti Mandhana

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

    Air India and IHG hotels & resorts announce landmark loyalty partnership .

    Living the dream: Inside the delivery of Air India’s latest line-fit Boeing 787-9, VT-AWD

    Narayana Health City Anchors Asia’s Highest Volume of Paediatric Haploidentical Transplants

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    Blackstone Launches Inside Blackstone, a New Podcast Exploring the Ideas, Technologies and Trends Shaping the Future Economy

    St. George’s Malabar Independent Syrian Church in Bengaluru Achieves Two World Records

    BRICS Backs Expert Group on Traditional Medicine, Calls for Evidence-Based Global Cooperation.

    Luxembourg Minister of Economy, SME, Energy & Tourism Mr Lex Delles calls on Union Minister Dr Jitendra Singh, proposes identifying concrete areas of collaboration, primarily in the Space sector

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

    IAF’s SARANG HELICOPTER TEAM REACHES EGYPT FOR THE EL ALAMEIN INTERNATIONAL AIRSHOW .

  • National
    • All
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    • Election

    TTD Clarification: No Vehicle Restrictions to Tirumala, Devotees Urged to Ignore Social Media Rumors

    TTD December 2026 Darshan and Accommodation Online Quota Release Schedule Announced

    FKCCI Confers Prestigious Sir M. Visvesvaraya Award 2026 on Geethanjali Vikram Kirloskar.

    St. George’s Malabar Independent Syrian Church in Bengaluru Achieves Two World Records

    World’s Largest Derivatives Exchange NSE Announces Mega IPO Starting September 17.

    CavinKare and MMA Celebrate India’s Top Innovators at the 15th ChinniKrishnan Innovation Awards 2026.

  • Business

    FKCCI Confers Prestigious Sir M. Visvesvaraya Award 2026 on Geethanjali Vikram Kirloskar.

    Blackstone Launches Inside Blackstone, a New Podcast Exploring the Ideas, Technologies and Trends Shaping the Future Economy

    World’s Largest Derivatives Exchange NSE Announces Mega IPO Starting September 17.

  • Health

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

    Manipal Hospital Kanakapura Road Sets a Broader Footprint in South Bangalore’s Healthcare Landscape with 360° Gut Care

    DKMS and Sankalp India Foundation Reach Milestone of 1,000 Lifesaving Paediatric Transplants for Thalassemia Patients.

    Narayana Health City Anchors Asia’s Highest Volume of Paediatric Haploidentical Transplants

    Public Health as a Growth Driver: Karnataka Government Leverages GWC 2026 Platform to Scale Preventive Healthcare Standards

    Ramaiah Memorial Hospital to Launch State-of-the-Art Transplantation Centre Amid India’s Growing Organ Deficit.

  • Technology
    • All
    • Environment
    • Science

    Signify Unveils India’s Largest Philips Smart Light Hub; Strengthens its Premium Retail Footprint

    “Industrial Collaboration and Global Partnerships Key to Accelerating India’s Space Ambitions”: ISRO Chairman Dr V. Narayanan at Bengaluru Space Expo 2026

    India’s $8.4B Space Economy Takes Center Stage as Bengaluru Space Expo 2026 Begins.

    Samsung Galaxy Watch9 Launched as the Ultimate Health and Sleep Companion with Snapdragon Wear Elite Platform

    Dr Jitendra Singh and French Minister Philippe Baptiste hold virtual meeting; discuss upcoming ‘International Space Summit’ and France’s participation in ‘Bengaluru Space Expo’

    Vodafone Business launches Vodafone SuperMobile™ for Business, anchored by the UK’s first national business-only mobile network slice

  • Auto

    VECV Venture: Volvo Buses India Bags Record-Breaking Single Order for 150 Luxury Coaches from VTPL

    Nissan and Honda Conclude Joint Development Agreement to Standardize ECUs and Software for Next-Generation SDVs

    Tata Motors registered 49% growth YoY with total sales of 44,411 commercial vehicle units in August 2026

    Lexus Unveils the New NX in a World Premiere.

  • Sports

    BCCI invites applications for the position of Head – Sports Science & Medicine at the Centre of Excellence

    NEB Sports In Association with Department of Youth Empowerment & Sports and Karnataka Tourism Brings Tour de France Inspired World-Class Cycling Event to India

    India’s Asian Games 2026 Contingent Receives Grand Send-Off Ahead of Aichi-Nagoya Campaign.

    Two-Time Champion Ethiopia’s Birhanu Legese Sets Sights on Third Vedanta Delhi Half Marathon Crown.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
    • All
    • Food
    • Travel

    Levi’s ‘Behind Every Original’ Campaign Returns with Chapter Two: Many Ways, One Original Starring Alia Bhatt.

    The ONLY Fit: ONLY India’s New Denim Collaboration with Smriti Mandhana

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

    Air India and IHG hotels & resorts announce landmark loyalty partnership .

    Living the dream: Inside the delivery of Air India’s latest line-fit Boeing 787-9, VT-AWD

    Narayana Health City Anchors Asia’s Highest Volume of Paediatric Haploidentical Transplants

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Home Business

If Governments Can, Why Can’t Private Business Organizations Cut or Defer Salaries, Questioned 72 Percent Countrywide CEOs Surveyed

by FWM
May 6, 2020
in Business
0

Hyderabad, India:

Work From Home works. By and large, it was successful: reveals Husys Consulting Pulse Survey on the “Impact of COVID-19 on People and Industries”
Business owners want government to pay employees PF and ESI for 3 months. They also want Rebate in Taxes
​The Work From Home (WFH), implemented by IT & ITEs, Manufacturing and Capital Intensive and Allied Industries and Modern and Online Retail industries, by and large, has been successful. 58 percent of the companies surveyed implemented 100%, some could implement to the extent of 70 percent and very few less than 50 percent.
Lockdown impacted especially the Startups, SME’s in India with an impact of 60% to 90% for 350 Companies on day 1 and for significant 110 Companies more than 500 people, the pandemic affected 100%.
72% of CEOs surveyed felt that it was not appropriate to give paid leaves to employees during the lockdown as advised by the government. Only 28% felt it was appropriate. Further, they questioned the double standard of the governments. When governments can slash or defer salaries their employees, why can’t private business houses are allowed. When governments can do this, why can’t we, they wanted to know.

During the survey, the Business Owners came up with top five suggestions to the Government, which include as follows.

  1. Government should pay employees PF and ESI for the month of March, April and May
  2. To provide support to the industries by providing Rebate in taxes, reduce interest percentage, provide employees welfare activities, make sure utilities are available at controlled cost.
  3. Government should pay 50% of Employee cost for MSME with turnover less than 50cr for shutdown period and 25% for a period of 3 to 6 months beyond shutdown till business conditions improve
  4. Deposit of Rs 15 lakhs to each family as promised by PM earlier or some of amount to combat next 6 months. Smaller companies need access to easy loans from banks and NBFCs to rebuild their businesses
  5. Release some Unemployment Allowance especially those who are jobless and who were earning less than Rs. 15,000/- per month
 These and more interesting observations found in a survey “Impact of COVID-19 on People and Industries” conducted during the March 29th to April 29th by a Hyderabad based Husys Consulting Limited, an HR Function Management Company, headquartered in Hyderabad. Husys conducted a quick Pulse Survey to know the impact of COVID-19 Pandemic on People due to Business Disruption.
The survey by Hyderabad based Husys Consulting Limited, India’s first listed HR Company on the NSE Emerge SME platform (Ticker: HUSYSLTD). It covered 500 plus companies across India and across cross-section of industries such as –
  • IT & ITES Product &Services: 45%
  • Manufacturing & Capital Intensive and Allied Industries: 40%
  • Modern Retail/Online & Other Businesses: 15%
ADVERTISEMENT
Tags: COVID-19.Husys Consulting Limited

FWM

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