Savita V Jayaram

Articles by Savita V Jayaram

Email : editor@ibtimes.co.in

India's first coronavirus survivor shares her story: How did she get cured?

A 20-year-old medical student from Thrissur in Kerala was tested positive for coronavirus on January 30, in a week after returning from Wuhan, China. She was discharged from the hospital on February 20, but was asked to remain in-home quarantine until March 1. Do you wonder how she got cured? Read on...

Mar 14, 2020

IPS comments on article in the New York Times dated March 12, 2020

IPS condemns NYTimes article on Delhi riots as "dangerous innuendo, biased reporting and outright lies"

The Indian Police Service (IPS) Association condemned the article published by the New York Times dated March 12, a narrative on the conduct of police during the recent Delhi riots as a combination of "dangerous innuendo, biased reporting, and outright lies."

Mar 13, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

State Bank of India (SBI) has cut the interest rates on its savings bank account to 3 per cent and has also done away with the need for customers to maintain an average quarterly balance.

Mar 13, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions.

Mar 12, 2020

China's slowdown and disruption in supply: Impact of coronavirus outbreak on global trade

With the widespread coronavirus attack on a global rise, it is becoming increasingly difficult for businesses to sustain the growth momentum through the last few weeks. The trade and business in India has been worst hit by $348-million, according to a UNCTAD report. This is much lesser in comparison to the impact borne by the world's leading economies - the EU, the US, Japan and South Korea.

Mar 12, 2020

Economic impact of Coronavirus outbreak: What should global policymakers do to avert crisis?

Besides economic uncertainty that currently exists, the coronavirus outbreak will cost the global economy up to $2 trillion, according to findings in the UNCTAD report. It might trigger a recession in some countries and a deceleration of global annual growth to below 2.5 per cent.

Mar 10, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Post moratorium issued by RBI on Yes Bank, and Rana Kapoor's residence being raided, CBI has now registered FIR against Yes Bank founder Rana Kapoor, his wife and three daughters accusing them of bribery, money laundering and cheating under the PMLA and Prevention of Corruption act.

Mar 10, 2020

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

Registering a money laundering case under PMLA against Yes Bank Director Rana Kapoor, the Enforcement Directorate raided his Mumbai residence and will soon issue a look out notice against him as well.

Mar 7, 2020

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

The digital payment service provider PhonePe dependent on Yes Bank for processing its transactions was impacted by the moratorium issued by RBI, resulting in service shutdown for long hours.

Mar 6, 2020

Interest rate on PF reduced: How does it affect salaried employees?

Salaried employees will get 0.15 per cent lower returns on provident fund deposits as EPFO slashes interest rates from 8.65 per cent in 2018-19 to 8.50 per cent in FY20.

Mar 6, 2020

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

The SC lifted the cryptocurrency ban imposed by RBI in early 2018, which prevented financial institutions in India from providing banking services to cryptocurrency companies. Industry experts hail SC's bold move, but advise users on exercising caution trading in crypto and companies to improve AML policies and ensure data privacy.

Mar 5, 2020

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

The social media company made it mandatory for all employees in Hong Kong, Japan and South Korea to work from home to curb the spread of coronavirus, while employees from other regions can choose to come to work from the office as needed.

Mar 4, 2020

BEL beats firms from Russia, Poland to secure $40mn defence deal from Armenia

To boost defence exports from India, Bharat Electronics Limited (BEL) won a $40-million deal competing with firms from Russia and Poland, for supplying four Swathi Weapon Locating Radars (WLR) to Armenia.

Mar 3, 2020

Schemes by Ministry of Finance for Women Empowerment in India

Women's Day 2020: Women empowerment schemes in India since 2014

Besides allocation of Rs. 16712.72 crore under the Stand-Up India scheme for women empowerment, the Ministry of Finance has launched various schemes with special provisions to benefit women and help them accentuate their dreams in the last six years, since 2014.

Mar 3, 2020

Visa granted to spouses of H-IB Visa holders

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Indians looking forward to migrating to the US under the EB-5 or investor visa category will have to pay $50,000 extra from April 1.

Mar 2, 2020

IndiGo launches daily direct flights to connect Northeastern states under UDAN

To facilitate easy travel for passengers and boost connectivity in the Northeastern region, budget airline IndiGo launches daily direct flights on the Agartala-Aizawl-Guwahati route under the UDAN scheme.

Mar 2, 2020

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Articles by Savita V Jayaram

India's first coronavirus survivor shares her story: How did she get cured?

IPS condemns NYTimes article on Delhi riots as "dangerous innuendo, biased reporting and outright lies"

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Here's why SBI cut interest rate on its saving banks account to 3%, issued AMB waiver

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

China's slowdown and disruption in supply: Impact of coronavirus outbreak on global trade

Economic impact of Coronavirus outbreak: What should global policymakers do to avert crisis?

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

Interest rate on PF reduced: How does it affect salaried employees?

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

BEL beats firms from Russia, Poland to secure $40mn defence deal from Armenia

Women's Day 2020: Women empowerment schemes in India since 2014

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

IndiGo launches daily direct flights to connect Northeastern states under UDAN

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'