Many opposition leaders and finance expert believe that his is a Great Indian Sale of PM Narendra Modi Government. They are planning to sell remaining key assets to few crony capitalist. The General Budget 2021 has not offered any relief to struggling Indian Citizen due to corona pandemic, job loss and recession. Although government has added tax on tax in the form of agricultural cess of Rs 2.50 on petrol and Rs 4 on diesel. This will directly impact the price rise of essential goods. 

Key positive highlights of General Budget 2021 for common man and industries

1. Major announced for banking Sector in General Budget 2021

Finance Minister Nirmala Sitharaman announced relief for common man in banking sector. Now if bank sinks then the account holders will get Rs 5 lakh as relief. Earlier this limit was only 1 lakh rupees in such scenario. This is the good initiative from the government for people has less than five lakh in their bank account. What will happened to people had higher money in their bank account when bank sinks. She don’t clarified what will happened to remaining money lost by the account holder. She has also announced the privatisation of two public sector banks in the new financial year.

2. Higher allocation of funds for agriculture sector for farmers support

Nirmala Sitharaman announced to allocate Rs 16.5 lakh crore for the agriculture sector. Lats year agriculture sector allocation was just Rs 15 lakh crore. She also Highlights how government has disbursed double the amount as MSP for government purchase since 2014. Sitaraman tried to clarify how government supporting farmers by paying MSP. But she did not clarify that only 6-7% of crop purchased by the government on MSP in India.

Also Read: Airports to Adani Group given despite concerns raised by NITI Aayog and DEA

3. Gold silver and leather goods will be cheaper for common man

The government has reduced the custom duty from gold and silver. This means that gold and silver will be cheaper now. Finance Minister announced a huge cut in import duty on gold and silver in this budget. The import duty on gold and silver reduced by 5 percent. Currently gold and silver has 12.5 percent import duty which will reduce to 7.5 percent after the budget. The customer duty has reduced on leather products as well. Now this will make leather products cheaper. But the million dollar question is, who buys gold and lather product in India.

4. Sixty Four Thousand Crore allocated for Atmanirbhar Swasth Bharat Yojna

The finance Minister Nirmala Sitharaman announced the 64 thousand crore allocation for Atmanirbhar Swasth Bharat Yojna. Government believe that this budget will help in improving government health infrastructure. This will drive more people to avail cheaper health facility in government hospitals and PHCs. It is a positive move and government should assure to utilise the allocated find in this sector in due time.

Also Read: How New Financial Rule change your life in new fiscal year starting

5. Thirty Five Thousand crore allocated for corona vaccine in General Budget 2021

Government announcement of 35000 crores for the Corona vaccine. The fund will help and encourage Indian medicine companies to enhance their healthcare infrastructure and research. Companies will be encouraged and incentivise to discover new corona vaccine. This will reduce the cost of vaccine and optimise the reach of vaccine to every indian. Many differ to this move a believe that this fund allocation is not required when corona is fading their impact in the world now.

Key highlights of setback for common man in this General Budget 2021

1. Tax on tax for already struggled common man in this budget 

Nirmala Sitharaman as announced tax on tax in this General Budget 2021. Government has increased cess on diesel petrol prices and imposed agricultural cess of Rs 2.50 on petrol and Rs 4 on diesel. However this will not impact the consumers at the beginning. But this will definitely impact after sometime when people will forget the restructuring. You must know that the government have made tons of money during the pandemic through sales of petroleum products. Now government eyeing more money  making in this tough time through addition cess.

2. No relief for tax payers when people lost jobs and struggle to run their home

Government has not offered any relief to Indian Tax payer in this General Budget 2021. India tax payers were expected to get some exemption in this tough time of corona pandemic. There is nothing for them neither any additional tax exemption nor any change in the tax slab for middle class and salaried person. It is interesting to know that Modi Government has larger support from middle and salaried class in India.

Also Read: SEBI impose penalty on Reliance and Mukesh Ambani for foul play

3. Mobile Phone will be more expensive for common man after this budget

Government has increased the customer duty for mobile phone and accessories by 2.5 percent. This will increase the price for all mobile phone in Indian. Let me tell you that many parts and accessories import in India. Even most of Indian manufacture just assemble the mobile phone. They don’t produce mobile parts and they are fully dependent on import. The Modi government has increase import duty around 10% in last 4 years on mobile phone and accessories.

4. No strategy for job creation and employment mentioned in General Budget 2021

No strategy for job creation and employment mentioned in General Budget 2021. Modi government has only announced infrastructure and road project for West Bengal and Assam aimed upcoming assembly election. These projects may generate some employment for the election states but what rest of Indian will do was not included in the budget. Nirmala Sitharaman failed to speak about employment generation nor she mention concrete roadmap for job creation in India.

Also Read: 21 Most Powerful Indian Women story on this International Women’s Day

5. Nothing for farmers announced in this budget for direct benefit

Indian farmers are shocked after General Budget 2021. Nothing offered for them in this budget apart from Nirmala Sitharaman quote for doubling the government purchase since 2014. Everyone expected some relief for farmers in this budget amid ongoing farmers agitation on Delhi Borders. Many experts thought that Modi Government will increase direct farmers benefit of Rs 6000 to 12000 under PM Kisna Yojna. Farmers and people related to agriculture are very disappointed with this budget.

What Modi Government planning to sell in India in this budget

1. Privatisation in Insurance Sector for Foreign Direct Investment

Modi government has decided to increase Foreign Direct Investment (FDI) in Indian Insurance sector. Nirmala Sitharaman said that the FDI limit in the insurance sector will now be 74 percent. Although they have made some change in companies structure by introducing major directors of Indian Origin. But increasing FDI limit in insurance sector is not appreciated by many finance experts.

Also Read: Coca cola advertisement history in India changed the market dynamics

2. Disinvestment in LIC through IP to generate funds for government projects

Modi government is planning to sell a portion of India’s most valuable company, LIC. They are planning to launch a IPO to generate funds for their projects. The Finance Minister announced the launch of LIC’s IPO in the new financial year. This move from government already criticised by experts. They are saying that Modi Government don’t have concrete plan to generate funds rather they are selling profit making government ventures for personal gain.

Also Read: Why petrol and diesel price increased by the oil companies in India

3. Sales of defence, railways and other government land

Modi government also planning to sell unused land with Indian railways, Armed Forces and other government enterprise. This will generate significant fund for government in easy way. But this move from government already  criticised by finance experts. They are saying that this is organise loot to offer cheap or free land to selective corporate for political gain. You must know that Modi government has already gave six Key airports to Adani Infrastructure which doesn’t have any experts to manage airports.

4. Sale of petroleum companies announced in General Budget 2021

The modi government also has a plan to sell key petroleum companies to prove sector in this General Budget 2021. The sale of BPCL is already under the fire from quite some times. Many are asking question why government selling petroleum company when both government and oil companies making huge. Money in India.

Also Read: IRCTC listing on the BSE and NSE exchange done

5. Disinvestment in other government companies for infrastructure in General Budget 2021

Finance Minister Nirmala Sitharaman also announced the sale of other PSUs to generate funds for infrastructure in General Budget 2021. She has not named the companies but it is expected that government will announce to sell many government enterprise. Many asking question why government selling PSUs and borrowing loan when not much development work visible in country.

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The few congress leader including Priyanka Gandhi and Rahul Gandhi raised their voice against the hike of petrol and diesel on social media. Rahul Gandhi twitted and criticised the government for the price hike of Diesel and Petrol India. While Priyanka Gandhi wrote and shared this on her social media profile. But they too not hit the road and protested against the price hike of petroleum products. Interestingly no opposition leader from other political party hit the road and register the protest. It seems both ruling and opposition parties happy with the oil companies decided to increase prices.

What is the real reason behind the hike of Diesel and Petrol price in India?

Apart from politics and opposition reaction on petroleum prices. It is impotent to know the actual reason behind these hike of petroleum product from the oil companies in India. The crude oil prices continuously increasing from last few months. Even the consumption of petroleum products has increased after the relaxation in lockdown from many countries. The confirmation of Covid-19 vaccine has also played an important role in boosting the confidence of oil companies to increase the prices. All these factors are the actual reason for the increase of crude oil price in the international market.

Also Read: Government slightly bend to Farmers after peoples reaction

The crude oil prices have increased from $19 per barrel in March to $49 per barrel at present in International Market. The crude oil prices in the International market operate on many factors apart from demand and supply formula. It is based on pandemic, economy, war, share market, government policies, market predictions etc. These all factors contribute in arriving on final crude oil price from Oil Marketing companies in the world.

Let me tell you that crude oil prices was crashed from $66 to $19 at the beginning of 2020. It was mainly due to Covid-19 cases in many parts of the world. Many countries imposed ban on International Travel during that period. The decision of various governments across the world forced Oil Marketing Companies to lower the crude oil prices in the International market.

Why Indian Oil companies have not passed the benefit to customers after crash in crude oil price

When the crude oil prices crashed in March 2020, Indian oil companies did not pass any benefit to its customer in India. The petrol and diesel price in India continue to operate at its highest level. Even the companies increased the price continuously for many days in mid-Covid-19 time. When opposition parties and common citizen question the oil companies price hike after low crude oil price. The oil companies gave weird reason of profitability and stated loss fo them.

Also Read: How New Financial Rule change your life in new fiscal year starting

When the same question asked the ruling BJP government then they pass on entire blame to oil companies. They said the government has nothing to do with oil prices and it is self-regulated from oil companies. But the real game played by the government because the government collect the highest taxes on petroleum products in India. They never wanted to lose the money by reducing the taxes. Rather than they find this as an opportunity to make more money due to the crude oil prices crashed in the International market.

What kind of tax revenue centre and sate government collect on petrol and diesel sales in India

Let me tell you that the centre and state governments make huge revenue from the sales so Diesel and Petrol in India. This is the reason why no political parties take any action when they came in power. They only protest when they are in opposition on fuel price hike for their political mileage. 

Also Read: Why Petrol Diesel Price are increasing in pandemic

At present both state and centre collect approx 60% to 70% tax on petrol and diesel price in India. This is the highest tax collection from any government across the world. For an example, government collect 62% tax on petrol and 57.5% on diesel In Delhi. The other states are not different to this higher tax collection on petroleum products. Let me tell you that the central government increased the excise tax on petroleum product during lockdown stated the lower tax collection and loss of government revenue due to Covid-19. The few states governments followed central government logic and increased their state excise tax on petroleum products during lockdown. 

The Mumbai government led by Shivsena increased approx 11% price on petroleum product by imposing access taxes. Similarly, Delhi government led by Aam Aadmi Party increased 10.53% prices of petroleum product in their respective state. By the way, both claimed to most people-centric government in their respective state.

What was the BJP stand on fuel prices when they were in opposition?

This is the same BJP and their leader who use to protest on road for the petrol and diesel prices during the UPA government. The few common faces for such protest was Smriti Irani, Ravi Shankar Prasad, Prakash Javdekar etc. They use to rally on street and protest government and allege to be non-sensitive towards people of India. Now, these leaders are centre minister and they are silent of petrol and diesel price hike in India. Now they seem to be more people-centric with these hike in India.

Also Read: BJP on Petrol and Diesel Prices before and after 2014

When media ask question to Ravi Shankar Prasad for these hike on petrol and diesel prices. He reacted to media with anger and said the government has nothing to do with fuel prices hike in India. This was the same reaction from other BJP leader and minsters on such questions. They do not even bother for such questioned and don’t even reply to these question.

Let me tell you that, Then Gujarat Chief Minister and current Prime Minister also has the same view on petrol prices. He is also saying that the government has nothing to do with petrol and diesel price hike in India. But when he was the Chief Minister of Gujarat, he use to critics UPA government on price hike of commodities and petroleum products.

What was the Congress stand on petrol and diesel price hike in India during UPA government?

This is the same Congress who use to defend the petroleum price hike in Indian. They use to say that the global crude oil price is responsible for the petrol diesel price hike in India. It is interesting to note that then really crude oil prices was highest in the global market. The crude oil prices was fluctuated in and out of approx $100 during the UPA government. Even when crude oil in the international market was at around $100 per barrel. The petroleum prices were much lower than the current NDA government period. 

Also Read: Loan Moratorium Case decision pronounced in Favour of Banks

Let me tell you that then UPA government and their spokesperson at least use to come out and brief about the reason behind the fuel prices in India. They use to get based on the opposition and common man on that time. Now contrary to this no one from BJP, Government or from oil company is coming out and briefing the reason behind the hike of petroleum products in India.

How media use to react on petrol and diesel price during UPA and how they are reacting now

The Indian media use to be very aggressive on petrol and diesel price hike during the UPA government. They use to conduct TV debates in studios and market places. They use to do extensive coverage of petrol and diesel price hike in India and use to ask common man on this issue. Then opposition BJP reaction highlighted in TV coverage on petroleum products price hike everywhere. The print media equally react and write about the petrol and diesel price and criticise then government.

Also Read: What is Code Of Wages 2020 and how this will impact Indian labour law

Now the same TV media and print media doesn’t give any importance to these issues. They do not conduct any TV debate or write the column in their respective newspaper. Few exception need to be noted. But whoever write or speak on these issues get branded as anti-national media by trollers on social media.

Now, this is the full story of government and opposition reaction on petrol and diesel price in India. Everyone one is playing politics as per their convenience and political milage. But the common man keep suffering in this tough time of Covid-19 and income insecurity. Hope some media journalist conscious will push him to write or conduct TV debate on these issues and ask though question from people in power. Although it has very little hope for them to take such decision. The common man will continue to suffer with the greed and profitability of government and oil companies in this tough time of Covid-19. Only god will save them, not these political parties and oil companies.

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First-round will include 125 city’s from Tier-2 and Tier-3 towns

Swiggy has tied up with the government to bring over 36,000 street food vendors to its platform. In phase one they will target 125 cities of India and bring their street vendors on their platform for food delivery. Let me tell you that street vendors were not allowed to sell their food on these platform before Covid-19 era. Their business was most affected after Covid-19.

Also Read: Now Swiggy will deliver liquor in some states of India

The food delivery startup will list street vendors from Tier 2 and Tier 3 cities in phase one. This will include cities like Indore, Banaras, Gwalior, Vadodara, Visakhapatnam, Udaipur, Lucknow and Bhilai, famous for street food. The company has already onboarded around 300 street vendors from Ahmedabad, Banaras, Chennai, Delhi and Indore on its platform for their pilot project.

Separate space created for street vendors on Food Delivery Platform Swiggy

The Food Delivery Platform Swiggy has created a separate space on its app for street vendors. In this section, customers can find their favourite street food. They can order their favourite street food from this section. The Swiggy has assured food safety training and certification for these vendors. They have partnered with FSSAI for the program for street vendors.

The Swiggy COO Vivek Sundar shared details about this agreement with government. He said

“Street vendors are an inexhaustible part of the country’s food and drink culture. Swiggy will help them adapt to the new situation and move forward by adopting the digital economy.” 

Let me tell you that millions of street vendors lost their business due to Covid-19. Many forced to shut their shot and go back to their respective home. Now they are facing challenge to restart their business again. The GOI and Swiggy initiative many hep them to restart their business again. This initiative will certainly help vendors to restart their business again.

Also Read: Luxury Food Delivery is a new venture by Make My Trip

1.47 lakh loan applications received from GOI under PM Svanidhi Scheme

Under the PM Svanidhi Scheme, 1.47 street vendors has applied for the loan. The government of India has announced a scheme for street vendors in relief package in early corona phase. Swiggy will target such vendors from food category and onboard them to sell their food online. Swiggy targeting to bringing 36000 vendors from 125 cities getting loan in this scheme.

PM Svanidhi Scheme is the first of its kind from government of India to help street vendors. In this scheme, street vendors were given a loan of Rs 10,000 immediately to restart their business. Both GOI and Swiggy believe that this scheme will help the street vendors to bring back their business on track.

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The above observation is partially correct because major financial crisis and job loss impact witnessed on urban Indian during this pandemic. The rural population also lost their earning and faced financial stress but not like urban people. The farmers faced a huge challenge to sell their ready crop but they are unable to do due to lockdown and transport issues. The small shop keepers selling nonessential goods also faced the challenge and shut their shop during the lockdown.

EMI life in urban India increased income insecurity during and after corona lockdown

But the financial impact on the urban population is way high comparing the rural population. From the last 2-3 decades, life in urban India has changed. People started living EMI based life which has a commitment to pay the instalment on the scheduled dates in every month. This entire EMI system got impacted due to job loss, pay cut, or business shut during the lockdown in the urban areas. Since then people living in urban areas are facing many challenges including high-income insecurity. They are not sure when their regular earnings will stabilize.

Also Read: 21 Most Powerful Indian Women story in India

Opposite to urban life, people living in rural India still have a convenient way of living life. The majority of people doesn’t have EMI for non-essentials. They have limited means and live life-based on essentials. They don’t take unnecessary loans for the luxury. The bank too played an important role in not giving loans to rural India. Most banks in India put the rural areas as rink zone and don’t offer loans apart from agriculture products and services. That’s why their line got least impacted during the peak of the corona pandemic.

People will not die in villages without regular income pushed urban labour to go back home

The income insecurity has pushed the millions of migrant labourers to go back home during the lockdown. The livelihood problem and income insecurity forced them to travel thousands of kilometres without food and transport for their home. They were confident that they will not die without food and shelter in their village. But they will definitely die without income in the urban area of India. And this is the harsh reality of urban Indians today. People can still survive in villages without fixed income but they can’t survive in urban India without fixed income.

Also Read: Unemployment in India can move 40 crore people below the poverty line

There is another reason for higher stress in urban areas due to Indifference from the centre and state government during the lockdown. There is not much relief offered to citizens of Indian on the ground. Governments only played number game and media management during the entire lockdown. Government request property owners to leave their rent, asked business houses to pay full salaries. But the government did not offer any relief rather increased prices for essential goods and petroleum products. 

People living in urban India is responsible for this income insecurity and uncertainty corona period 

So who is responsible for this income security in urban India? The answer is people live in cities and opted for EMP life. They are forgetting the basic principle of the Indian Lifestyle where people save money rather than spending all earning instantly via EMIs. I think coronavirus pandemic has taught a lesson for urban Indians to follow back our traditional way of life.

Also Read: What is Code Of Wages 2020 and how this will impact Indian labour law

The government equally responsible for this income insecurity is higher in urban Indian. They have only played number games and managed media during the lockdown. Govts has not done anything for people help during this corona pandemic. They also used diversion tactics for people to digress on nonessential issues. And they succeeded on their agenda and to date, they are running the same for diversion.

But the main responsible for this problem is the citizens residing in urban India. They are the most insecure citizen category in India. On voting day they go for holiday, on public issues they react on social media. They are afraid of raising voice against wrongdoing and wrong policies of the government. That’s the reason why all political parties and government does not bother about this class. The government offered little relief for their actual voters during the lockdown in rural areas and completely ignored urban India.

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According to CMIE (Center for Monitoring Indian Economy), more than 2 crore jobs have come back in May-20 and total 7 crore till June-20. As per the report, a total of 12.2 crore jobs lost in April-20 where 9.1 crore jobs are come back by end of June-20. As per CMIE data, India had approx 40.4 crore jobs in 2019-20. This is reduced to 37.4 crore jobs by end of June 2020. Total 7.4% of people lost their job due to coronavirus in India.

Apprx 63% of jobs come back for daily wagers till June 2020

According to CMIE data, a total of 4.44 crore jobs back is for daily wagers. This data consists of small shopkeepers and daily wage labourers who earn daily for their livelihood. This means that more than 63% of the 7 crore jobs come back from daily wagers.

Also Read: Corona business impact started in India with job loss and pay cuts

Let me tell you that more than 75% of jobs in India are from daily wagers. The 90% daily wagers lost their jobs due to coronavirus in India. it is evident that their jobs have come back when the lockdown opened in India. But the story is not the same for the formal sector and salaried class people.

Bad news for salaried class but good news for the agriculture sector

There is good news for job seekers in this coronavirus pandemic. There are 14 Lakh new jobs created in agriculture since lockdown started in March. The total 1.0 crore new jobs created in the agriculture sector till June-20. India already had 11 crore jobs in the agriculture sector in 2019-20. The total job in the agriculture sector increase to 13 crore jobs by end of June-10.

Also Read: Ola layoff 1400 employees due to corona pandemic impact on business

There is a piece of bad news for the salaried class in the country. A total of 8.6 crore people were employed in the country before lockdown in March-20. But in May 2020, their number has come down to less than 7 crores. In April, 1.77 crore and 1.78 crore in May lost their job in the salaried class. More than 3.0 crore people lost their job in April and May. The problem will continue is this sector as new job opportunities may not come until the end of the financial year. 

Total 19.5 Crore people lost this job in 4 phase of lockdown in India

There are 4 phases lockdowns imposed in the country to prevent the corona from spreading. The first lockdown lasted from 25 March and continued till 14 April. The second lockdown started from 15 April to 3 May. The third lockdown from 4 May to 17 May and a fourth lockdown from 18 May to 31 May. After this, the process of unlocking the country started on 1 June.

Also Read: Job loss due to corona is highest in China, About 8-10 Crore people lost their job in 2-3 months

As per another report from IGIDR (Indira Gandhi Institute of Development Research). 19.5 crore people lost their jobs during the 4 phases of lockdowns in the country. Total 11.6 crore in the first lockdown and 7.9 crore in the second lockdown lost their job. According to the IGIDR, India had approximately 46 people employed in this country before lockdown. The 42% job from this 46 crore are either lost their job or they are the verge of losing their job.

Government is not talking on this issue of job loss and new job creation

Job loss is a real big issue in this country but the government is not interested in the discussion. It is a tough topic to discuss and the government does not have a concrete plan to address this issue. The current government is just diverting people attention from the economy and job to other topics.

We warn them as this will bounce back to them and they may face the heat in the future. This is the most important issue and the government has to make a policy to address this issue. If the economy is not back or track and job opportunity created in India. The people of India will spell their mandate in the coming days.

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Experts believe that China has purposely increased the price of medicine raw material. They have increased the prices to mount pressure on the Indian government. The violent clashes between Indians and Chinese are the main reason for the price increase.

Pharmaceutical companies blaming violent clash between India and China for the price increase

There are many drug companies in Uttarakhand and Himachal Pradesh. About half of the total drug in India produced by these two states. They get most of the raw material for their products from China. The cost of Chinese raw material is lower than in Europe and American countries.

Also Read: Why don’t we show exit door for Top Chinese Brands in India after a bloody clash

A big pharmaceutical company said that. The violent clashes in the Galwan Valley of eastern Ladhak. The boycott China’s goods moment has increased the prices of raw material. Now the prices have raised the prices by 30-40%. Many believe that big suppliers are taking advantage of this opportunity.

Only 10 to 12 traders hold the monopoly of raw material supply to pharmaceutical companies

There are 10-12 big suppliers in the country who source raw materials and salts from China and sell them to producers across the country. They have complete control over the raw material supply to Indian pharmaceutical companies. Those suppliers are taking advantage of the current situation. Now medicine manufacturers are forced to buy raw material at higher prices. If this situation continues then medicine prices in India will go up. The common man will force spending more money on medicine.

Also Read: Mutual Funds Investment Tips Before Trusting and Investment

The pharmaceutical manufacturers also blamed that that suppliers are demanding for advance payment. Many suppliers are holding stock and asking for advance payment. Now the pharmaceutical industry doesn’t have any choice to pay higher money for raw material.

80% of raw material for medicine imported from China in India

Currently, about 80 percent of the raw material imported from China. The raw material cost in Europe and America is almost double the coast of china. If this situation continues then the process and supply of medicine will get an impact in India.

Also Read: Food Delivery Platform Swiggy will deliver food for street vendors

It is not just the pharmaceutical industry depends on China. Other industries are also dependent on China for raw material. It this border tension will continue for more days than the situation in India will get worst. Our economy is already struggling with slow down and coronavirus. Now, this tension between India and China will hit us back.

The diplomatic strategy with China needs are rethinking. The Ministry of External Affairs miserably failed to handle the diplomatic relation with China. Now the Government has to form a new strategy and solve this tension. This will be in the best interest of both the countries.

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There is anger among the people of India after this incident on Indo China Border. This has added the fire on already running a campaign to boycott Chinese products in India. Boycott Chinese products campaign is already started in many countries after  COVID_19 spread. Many Indians joined this campaign and stop using Chinese Apps and pledge not to use Chinese products in the future.

Indian Government should take action against Chinese Brands in India

The Indian Government must take some strong measures against China. In such a situation few Chinese companies may ask to exit from the Indian Market. This will be a big setback for China and Billions Dollar business can be stopped in on shot.

Also Read: Indian China Border Dispute Continued from last two months

There are many companies offering electronic, social media, payment gateway, B2B, etc business in India. These companies are earning huge revenue and they have a very large market share in India. Their exit from the Indian market will impact China in a very big way. This will hit their GDP and it will take decades for the recovery from this setback.

Top 5 Chinese Brands in India ruling the domestic market

1- Xiaomi: Economical smartphone manufacture

China’s mobile manufacturer Xiaomi holds the 1st position for total mobile users in India. It is very popular and it has captured more than 26% market share in India. At present India is the largest consumer of Xiaomi smartphones.

2- Tiktok: Social Media Platform from ByteDance

TikTok is a very popular Chinese app in Indian. It is a short video social media platform that allows users to upload their videos.  This app has made many common men as social media stars and changed their life. Currently, TikTok has about 119 million active users in India.

3- Vivo: Midsegment smartphone manufacture

Vivo is another Chinese smartphone manufacturer, which has about 20 per cent smartphone market share in India. It is a very popular star phone brand among urban youth in India. Although Vivo has a 7500 crore investment in India for its manufacturing unit. It has its 1st manufacturing facility in WTC Tech Zone of Greater Noida in Uttar Pradesh. 

4- UC Browser: Internet search engine

The UC Browser has about 500 million users in India. India has a total 50% of the entire world user of UC Browser. Many security agencies suspect UC Browser collecting many data of users and sharing with chine ease government. You may be surprised to know that UC Browser user count in India is equal to total smartphone users in India.

5- PUBG: Multiplayer mobile game

PUBG is the largest multiplayer mobile game in India. It has about 50 million+ active users in Indian. It is very popular among youth and kids in India. They can invite their friends from a remote location and play realtime games with them.

This doesn’t end with these five Chinese companies. There are 100s of companies in India has direct or indirect investment from Chinese companies. Those companies to earn billions from the Indian market for the Chinese government.

Indian government has to seriously rethink their presence in this Chinese behaviour on the border. Some tough messages need to be conveyed to stop Chinese aggression.

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Amazon India announcement is big news in this COVID_19 period. During this time, a startup to large corporates cutting down jobs and no fresh opportunity in the market. These appointed employees will serve the propel who is most susceptible to go out for anything. There will be various profiles in this job category for service delivery management. It also includes part-time flexible work opportunities with Amazon Flex as an independent contractor.

Amazon India has played a very important role in this lockdown period 

A very senior official from Amazon said, “One of the things we learned from the COVID-19 epidemic is how important Amazon and e-commerce.  E-commerce can play a very important role for our customers and small business owners in the country.” We have taken this responsibility seriously. We are very proud of our team who is helping small and medium businesses to sell their product in this difficult time.”

Also Read: Corona business impact started in India with job loss and pay cuts

He said We want to continue helping customers across India for everything that they need. Our initiative is helping people to follow COVID_19 rule like social distancing etc. To achieve this target at greater extend we are adding 20 thousand more resources. This will provide a large workforce during this epidemic for people servicing with a safe working environment.

Amazon India is committed to the health and safety of employees and customers

He further said that Amazon is committed to the health and safety of its associates, partners, employees, and customers. We have also implemented several measures for their welfare. The company has made about 100 significant changes in its operational process to protect its people. These initiatives include making face-covering mandatory, daily temperature checks in buildings, speeding up the cleaning work at all sites. Regular sanitation and handwashing to create safety awareness among the associates.

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Now Swiggy liquor delivery started in addition to your favourite food from the Restaurants. Swiggy has started the online delivery of alcohol in Ranchi, Jharkhand. The company will also offer this service in other states. The company has started talks with other states for supplying liquor at the doorstep.

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The company’s CEO Bhavish Agarwal said that in the last two months company income from the ride, financial services and food business has dropped by 95 per cent. This is the main reason for a company to take such a decision to layoff 1400 employees.

Bhavish Agarwal sent and email to its employee and shared this layoff information

In an email sent to employees, Agarwal made it clear that the future of the business is very vague and uncertain. The impact of this crisis will certainly be with us for a long time. He said, “The impact of the virus has been very bad especially for our industry. Our earnings have declined by 95 per cent in the last two months. The biggest thing is that this crisis has affected the livelihood of millions of our drivers and their families. Aggarwal said that the company has decided to lay off 1400 employees.

Also Read: Corona business impact started in India with job loss and pay cuts

Bhavesh Agarwal said that the layoffs would be completed by the end of this week for passenger service. Ola Food and Ola Financial Services will be in another few weeks. He said that no further retrenchment related to COVID_19 will be done after this exercise. 

A large number of employees will work from home and o air travel and holiday for sometime

Aggarwal said that a large number of employees will work from home. Air travel will be limited and holiday plans will be postponed. He said that it is certain that the impact of the crisis will be prolonged. The situation is not going to change suddenly after Corona. Social distance anxiety and caution will last a long time on customers minds.

In the last few weeks, technology-based companies such as Uber, Zomato, and Swiggy have announced layoffs. Zomato has laid off 13 per cent of its 4,000 employees. While Swiggy says it is retrenching 3,000 people worldwide. Similarly, Uber is also retrenching 3,000 employees worldwide. Uber plans to close about 45 office locations around the world. Uber may also close its Singapore office in the next 12 months.

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