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Guha slams ‘demigod superstar’ culture in Indian cricket

Historian Ramachandra Guha, a former member of the Committee of Administrators (CoA) that ran the Board of Control for Cricket in India (BCCI) during the reforms process ordered by the Supreme Court, has lashed out at the superstar culture in Indian cricket that has allowed top cricketers to have veto power over every decision.

In an interview to www.espncricinfo.com about his new book, The Commonwealth of Cricket, Guha lavished praised on former India captain Bishan Bedi but blames the Board, especially the Vinod Rai-headed CoA, for not showing enough spine to stand up to the likes of MS Dhoni and Virat Kohli.

“When Bedi once gave a television interview where he said some sarcastic things, he was banned for a (Test) match in Bangalore in 1974. Players had to get more power, they had to get organised, they had to be noticed, they had to be paid properly, which took a very long time. The generation of Bedi and (Sunil) Gavaskar was not really paid well till the fag end of their careers,” said Guha.

“But now to elevate them into demigods and icons — one of the things I talk about is (Virat) Kohli and (Anil) Kumble and their rift (Kumble was forced to step down as coach after the 2017 Champions Trophy). How essentially Kohli had a veto over who could be his coach, which is not the case in any sporting team anywhere,” Guha questioned the power given to the Indian captain.

Ramachandra Guha, Sourav Ganguly

Guha also touched upon an incident during a CoA meeting when he had asked the committee to consider demoting Dhoni in the central contracts system as he had retired from Test cricket. The rest of CoA, he says, was too scared to do that.

“(MS) Dhoni had decided: I’m not going to play Test cricket. He was only playing one-day cricket. And I said (in the CoA) that he should not get a (Grade) A contract. Simple. That contract is for people who play throughout the year. He has said, ‘I’m not playing Test cricket’. Fine. That’s his choice and he can be picked for the shorter form if he is good enough. (They said) ‘No, we are too scared to demote him from A to B’. And more than the board, the CoA, appointed by the Supreme Court, chaired by a senior IAS officer, was too scared. I thought it was hugely, hugely problematic. So I protested about it while I was there. And when I got nowhere, I wrote about it,” he explains.

Guha also lashed out at the current BCCI president Sourav Ganguly, saying that the former India captain has capitulated.

“(Sourav) Ganguly (the BCCI president) has capitulated. I mean, there are things he should not be doing, given his extraordinary playing record and his credibility, whether he should be practising this shocking conflict of interest. The kind of example it sets is abysmal. I say this with some sadness because I admired Ganguly as a cricketer and as a captain. I’m glad I’m out of it and I’m just a fan again. I can just enjoy the game and not bother about the murkiness within the administration,” he said.

Guha called Bishan Bedi a man of character.

“He is a person of enormous character, integrity and principle. He never equivocates, he never makes excuses. And he calls it as it is. These kinds of people are rare in public life in India. To find someone like Bishan Bedi, who is ramrod straight in his conduct, in any sphere of public life in India today is increasingly rare. He is also an incredibly generous man,” Guha said of Bedi.

Also Read: Don’t change traditional dates for BCCI: Allan Border

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Economy India News

India’s Q2 FDI inflows touch $28.10 Bn

The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out of which FDI equity inflows were $23.44 billion.

“This takes the FDI equity inflows during the financial year 2020-21 up to September 2020 to $30,004 million, which is 15 per cent more than the corresponding period of 2019-20,” said an official statement.

In rupee terms, the FDI equity inflows of Rs 2,24,613 crore are 23 per cent more than the last year.

August 2020 was a significant month when FDI equity inflow of $17.48 billion was reported in the country.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius and Singapore were the biggest sources of FDI in India with 29 per cent and 21 per cent contribution respectively.

The US, Netherlands and Japan followed with 7 per cent contribution each.

Among the sectors, services sector continued to lead with the highest share in FDI inflow. The sector, which includes financial, banking, insurance, outsourcing, R&D among others, received 17 per cent of the FDI equity inflow during the period under review.

Computer software and hardware segment got 12 per cent FDI share while the telecom sector received 7 per cent.

Among the states, Gujarat attracted the highest FDI equity inflow — 35 per cent of the overall funds coming in during April-September — followed by Maharashtra (20 per cent), Karnataka (15 per cent), and Delhi (12 per cent).

Commerce and Industry Minister Piyush Goyal tweeted: “Despite COVID, Foreign Direct Investment doubles year-on-year. Indicating global investors’ preference for India’s enabling environment under PM Narendra Modi, FDI increased from $14.06 billion to $28.1 billion in the July-September quarter.”

Inflow of foreign investments has been on the rise after the governments around the world, including in India, announced liquidity measures in the wake of the pandemic.

The Centre has also announced liberalising measures for FDI in several sectors, including contract manufacturing, coal mining, and defence that are likely to fetch in more investments.

Also Read: Global FDI flows fall 49% in H1 2020

Also Read: FDI inflows to India witness 13% growth

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-Top News India News Politics

Kashmiris Throng To Vote in Local Polls

Thousands of voters in Jammu and Kashmir vote for the maiden District Development Council (DDC) polls, and the Panchayat by-elections.

According to officials, 296 candidates are contesting the first phase of the DDC polls— 172 from Kashmir and 124 from Jammu. A total of 1475 candidates are in the fray for the first phase that includes seats for Panchs and Sarpanchs also.

The DDC elections and panchayat By-Polls 2020 are being held in 8 phases commencing from 28th November to 19th December. The counting of votes shall be conducted on 22nd of December.

In all, 280 DDC members will be elected in the eight-phase elections which will end on December 19. The counting will be held on December 22. This is the first major electoral exercise after the central government scrapped the special status of the erstwhile state of J&K and bifurcated it into two union territories— J&K and Ladakh.

In the first phase of the DDC polls, officials said that 43 constituencies will go to polls — 25 in Kashmir and 18 in Jammu. In all, 2644 polling stations have been set up for 7,03,620 electors in this phase.

Officials said the voting for this phase will be from 7 am to 2 pm.

“On Friday, the polling stations in J&K were sanitized in view of COVID19,” they said, adding that the availability of all protective and sanitisation equipment like sanitizers, non-contact thermometers, facemasks , face-shields and PPE kits have been provided at the polling stations for the staff and the voters.

They said fool-proof mechanism has been devised for the postal ballots from absentee voters, especially the COVID19 patients in homes and institutional quarantine and isolation.

The DDC polls are being held on party basis and 280 elected members will elect the chairman for district developmental boards.

Among the 280 DDC seats in the union territory – 140 are each in Jammu and Kashmir divisions i.e. 14 constituencies have been earmarked in each of the 20 districts of the union territory.

For the by-elections to Panchayats, 899 candidates are in the fray for the Panch seats and 280 for the Sarpanch seats.

The campaigning for the first phase came to an end on Thursday. Officials said elaborate arrangements have been put in place for the smooth conduct of the polls and special measures taken in view of the COVID19 pandemic.

The eight-phase elections are seen as a triangular contest among the Peoples’ Alliance for Gupkar Declaration (PAGD), the BJP and the Apni Party. The PAGD is seeking the restoration of Jammu and Kashmir’s special status.

Officials said the State Election Commissioner has directed for setting up of special polling stations for Kashmiri migrants at Jammu and Udhampur so that they can effectively exercise their right of franchise.

State Election Commissioner, J&K, KK Sharma today said that 36 Sarpanchs and 768 Panchs have been elected unopposed, mostly in Kashmir Valley.

He said: “368 Panch constituencies will go for by-elections tomorrow in J&K in which a total of 852 candidates are in fray including 635 males and 217 females.”

None of the candidates in DDC has won unopposed, he said, when asked during a press conference here in Jammu.

Regarding Sarpanch by-polls being held in the first phase (November 28), he said: “279 candidates are contesting for 94 Sarpanch constituencies. Out of 279, there are 203 male and female 76.” He said that 57 lakh voters will participate in Panchayat elections in eight phases whereas 7 lakh voters will participate in the first phase of elections and around 2001 polling stations have been established.

“We have made all arrangements even in remote areas of Doda, Kishtwar of Jammu region and Kupwara and Bandipora of Kashmir valley where we had a challenge to shift the election material, security, and polling staff to the polling stations,” he said.

Sharma said: “We sent polling staff in advance to the remote areas where we had apprehensions about such areas may get disconnected due to snowfall. Hence, we arranged a helicopter and took help of air force in areas like Doda, Kishtwar, Bandipora and Kupwara districts.”

He said: “We have no shortage of police, though we have some problems in Kishtwar and Gurez (Bandipora). However, with the improvement in weather, the required number of police force has been sent to the respective polling stations and all arrangements have been put in place for fair elections. Polling officers and presiding officers have also reached their polling stations.”

Regarding the SOPs related to COVID 19 pandemic, the SEC urged the people to follow the guideline issued by the Election Commission besides putting on their facemasks and maintaining the social distance during polling.

He also said that sanitizers, thermal scanners and facemasks shall also be provided to the voters, in case they forget to carry their own facemasks/ sanitizers.

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India News Lite Blogs UK News

Multi-faith event paid homage to Mumbai Terror attack victims

Gaitri I. Kumar, the High Commissioner of India to the UK

A multifaith online event organised by Indian Council for Cultural Relations (ICCR) jointly with The High Commission of India, London, The Nehru Centre, London held to pay homage to victims of 26/11 Mumbai Terror attacks.

Many prominent guests joined the event online to pay homage to the victims of the attacks, that include: Her Excellency, Smt. Gaitri I. Kumar, the High Commissioner of India to the UK, Mr. Gareth Bayley, Director for  South Asia & Afghanistan, UK Foreign, Commonwealth & Development Office, Pandit Ravi Sharma, Dr. Abdul Ahmed, Secretary General, Muslim Council, Wales, Rabbi Rose, Cardiff United Synagogue, Councillor Charan Kanwal Singh Sekhon, Chairman SEVA Trust, UK, Rev. Canon Aled Edwards OBE.

Gareth Bayley, Director for South Asia & Afghanistan, UK Foreign, Commonwealth & Development Office

The event was organised by Indian Council for Cultural Relations (ICCR) jointly with The High Commission of India, London, The Nehru Centre, London

Full clip of event is on Facebook ( link below)

https://www.facebook.com/473217986136717/posts/2539922589466236/

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-Top News India News

‘Abraham Accords Beneficial to India As Well’

India and UAE have not realised the full potential in many areas of bilateral relations, New Delhi’s top diplomat told Emirates News Agency, adding that newly emerging domains during and after COVID-19 will open up fresh opportunities for both countries.

Dr. S. Jaishankar, External Affairs Minister of India, also said that Abraham Accords will help grow the UAE’s position as a logistics hub for the rest of Asian economies, benefiting India as well.

In an exclusive interview with WAM on Thursday evening in Abu Dhabi, he expressed confidence that the new US administration under president-elect Joe Biden will continue the existing excellent ties with India because of structural linkages between the two countries and personal rapport between leaders.

“There are a lot of areas, which have not realised the full potential,” Jaishankar said about the UAE-India relations.

“As you get to know each other better and work more together, the potential keeps growing,” he added citing an example of energy sector. “Ten or 15 years ago, we would have said, ‘You are the supplier, and we are the purchaser.’ Today, we have reimagined that energy relationship in a very different, more collaborative way.”

His Highness Sheikh Mohamed bin Zayed Al Nahyan (R) with Indian External Affairs Minister S Jaishankar

During his visit to the UAE, Jaishankar had met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and H.H. Sheikh Abdullah bin Zayed Al Nahyan, the UAE Minister of Foreign Affairs and International Cooperation.

New domains during and after COVID: 

Talking about new opportunities for collaboration with the UAE during and after COVID-19, the Indian official said, “I think there are many new domains such as digital [technology, economy] and health security.”

He added, “We know that the world will be more digital now. We have also woken up to the possibility that health issue can be like a cyclone a natural disaster with real massive implications.”

In the past, national and global security was associated with threats of violence or attacks from terrorist organisations, but today, along with food security and financial security, health security is going to be a new domain, the foreign minister pointed out.

“However, there is also a realisation that you cannot have security for some [leaving others behind]. Maybe in economics and food you can get away with it – somebody can go hungry, but you are okay. But if I have coronavirus, you are not going to be okay. So today, nobody is okay until everybody is okay, which means we have to rethink how health security is going to work,” he said.

Health security cooperation:

A country like the UAE with its imagination, networking and digital strengths has a big role to play in health security, Jaishankar, who was appointed as India’s Minister of External Affairs in 2019, affirmed. “I am particularly impressed by the UAE and others in the region because they have taken such good care of people – their own people and expatriates.”

As the UAE is home to the largest Indian expatriate population in the world, Jaishankar official thanked the government for “looking after” his compatriots. “I came to the Gulf primarily to express to their leadership, especially that of the UAE, a very profound gratitude for the manner in which they have looked after the Indian community during the period.

Abraham Accords and new opportunities: 

The Abraham Accords between Israel, the UAE and Bahrain will impact the entire world, not the region only, the top diplomat said, adding that it will bring new economic combinations and create new logistical opportunities for the countries in the region and beyond.

“At the same time, we have always been very supportive of the Palestinian cause. It is only those who have relations with Israel are in a position to go and tell them what we think that something you need to do. I think it will change many things,” he said while explaining how India and UAE’s relations with Israel will help the Palestinian cause.

“India is committed to a two-state solution. We do believe that there should be direct negotiations between Israel and Palestine.”

New US Administration, India and Middle East: 

Asked about his expectations about the approach of the new US administration under Joe Biden towards India and the Middle East, he said, “In international relations and diplomacy, you can have a fair sense of the direction of policies, but I will be a little cautious in predictions, especially when it comes to the Middle East, because many things have changed in the last few years.”

He continued, “What I can say with regards to India, we have very strong confidence that the direction of Indo-US relations, which have gone steadily upwards in the last 20 years, to continue to do so.

“So, when president-elect Biden assumes office, I see no reason why this trajectory should not continue the same way. It is continuing the same way because I think it has become bigger than personalities. There are structural linkages between India and the US.”

Security interests, defense, economics, strong technology bonding, people-to-people connections and education are also a “major bridge” between India and the US, he explained.

“I think these have created that upward trajectory and they will continue supporting it. I’m very confident about it,” he added.

Jaishankar is confident that the positive approach of Joe Biden towards India will be a continuation of his predecessors.

“They are all people we know. President-elect had visited India when he was Vice President in the Obama administration. We also know him and his senatorial incarnation. He was very, very supportive to us for the India-US nuclear deal,” he said.

“Prospective Secretary of State Antony Blinken again is a very good friend of mine and was my counterpart when I was Foreign Secretary. So, we know each other very, very well and worked very closely.”

Similarly, Jaishankar knows the incoming national security adviser also.

“I think these are known figures. You have a good sense of their thinking. I know how they feel about India and the relationship,” he said. “I feel we should really in fact look forward to working with them to take this to a higher plane.”

Also Read: UAE FM, UN envoy review Middle East peace process

Also Read: UAE FM holds talks with British minister

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Economy India News

With negative growth in Q2, India officially enters recession

Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.

The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.

Though not comparable, the GDP had grown by 4.4 per cent in the corresponding quarter of FY2019-20.

In financial parlance, an economy is said to have entered a technical recession after it consistently remains in the negative output territory for two subsequent quarters.

This trend underscores the reduction in purchasing power along with lower tax collection for the government, likely defaults on debt and falling Capex spends.

According to the NSO, the GDP at ‘Constant (2011-12) Prices’ in Q2FY21 is estimated at Rs 33.14 lakh crore as against Rs 35.84 lakh crore in Q2FY20, showing a contraction of 7.5 per cent as compared to 4.4 per cent growth in Q2FY21.

“Quarterly ‘GVA at Basic Prices at Constant (2011-12) Prices’ for Q2 of 2020-21 is estimated at Rs 30.49 lakh crore, as against Rs 32.78 lakh crore in Q2 of 2019-20, showing a contraction of 7 per cent,” the NSO said in the estimates of Q2FY21 GDP.

“With a view to contain the spread of the Covid-19 pandemic, restrictions were imposed on the economic activities not deemed essential during Q1. Though the restrictions have been gradually lifted, there has been an impact on the economic activities,” it added.

Also Read: Indian economy’s recovery better than expected: Das

Also Read: FIIs turn net buyers in India in 2020

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Football India News Sport

The ‘King of Football’ will be missed: Igor Stimac

Igor Stimac, head coach of the Indian men’s football team, has paid a rich tribute to Diego Maradona, saying the Argentine was the “king of football”.

Maradona, who enthralled fans across the world with his skills, passed away on Wednesday after suffering a cardiac arrest at his home in the Tigre district on the northern outskirts of Buenos Aires.

“Diego Maradona – the “King of Football”, the legend. How can someone describe him with one word or just an adjective? After representing my country for so many years and playing for so many clubs over the course of my career, I am still in awe of this maestro,” Stimac was quoted as saying by the-aiff.com.

Stimac played against Maradona on two occasions. Before the FIFA World Cup in 1994, when Argentina played an international friendly against Croatia, Stimac had a chance to play against the legendary footballer.

“His balance and acceleration were things that every defender was scared of. You could barely knock him down while he was running with the ball. His no-look passes were intimidating. We played a friendly match played in Zagreb, Croatia before they would travel to the USA to participate in the 1994 FIFA World Cup. Very often, he was dropping deep to receive the ball, and his long deliveries to (Gabriel) Batistuta and (Caludio) Caniggia were absolutely perfect,” said the former Croatia defender.

India head coach Igor Stimac

“He was everywhere on the pitch. Sometimes, he was running past the defender through the right-flank. Next, he was seen playing a quick one-two with the forwards to work an attacking move. It was a menacing task to contain with the deadly attackers, obviously led by none but Diego and as a central defender, it was a real test for me. Thankfully, we came out with a stalemate in front of 38,000-strong Croat supporters at the Maksimir Stadium that night. But, Diego’s performance was very, very special that night and we were really fortunate to have shared the pitch with him,” he added.

Before that, in the 1992-93 La Liga season, both had faced each other when Maradona represented Sevilla, while Stimac was donning the Cadiz CF shirt.

“During 1992-93 La Liga campaign, I had another opportunity to play against him when he was with Sevilla. He was the biggest star among the stars including Davor Suker, my then national teammate, Diego Simeone, and their FIFA World Cup-winning coach Carlos Bilardo,” said Stimac.

Maradona led Argentina to victory at the 1986 FIFA World Cup and was particularly well-known for the two goals he scored against England in the quarter-final clash. One was later voted “Goal of the Century”, while the other is generally referred to as the “Hand of God”, a reference to the fact that the goal should have been disallowed for handball.

Diego Maradona

“El Diego had a heart of pure gold. He didn’t think twice before expressing himself. He never thought about how people would judge him. He lived on his own terms, left on his terms, rendering us shell-shocked. You will be missed, Diego,” Stimac said.

Also Read: OBIT: Diego Maradona

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-Top News India News

India Daily Digital – November 27, 2020 – Nepal Ready for Talks to End Disputes

Nepal Ready for Talks to End Disputes; China Irked Over US- Taiwan Military Contacts; Trump Sets Terms To Leave White House; Xi finally congratulates Biden – all in India Daily Digital – please click here to read.

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Business Economy India News

RBI grants Rs 318.20 relief to LVB

In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd is to take effect, the Reserve Bank of India (RBI) gave a Rs 318.20 crore relief to DBS Bank.

The RBI wrote ti LVB’s Administrator on Thursday to write down Rs 318.20 crore worth of Unsecured Non-convertible Redeemable Fully Paid-up Basel III compliant Tier-2 Bonds before the scheme of amalgamation comes into effect on November 27.

The LVB had raised the money through Basel III Tier 2 bonds in three tranches.

The RBI cited the Information Memorandums of respective Basel III Tier 2 bonds issued by the LVB while communicating its decision to the LVB.

“If the relevant authorities decide to reconstitute the Bank or amalgamate the Bank with any other bank under Section 45 of the BR Act (Banking Regulation Act), such a bank shall be deemed as non-viable or approaching non-viability and both the pre-specified trigger and the trigger at the point of non-viability for write-down of the Bonds shall be activated. Accordingly, the Bonds shall be written-off before amalgamation/reconstitution in accordance with applicable rules,” the RBI told T.N. Manoharan, Administrator of the LVB.

According to the RBI, as Section 45 of the Banking Regulation Act has been invoked and the amalgamation scheme has been notified, the LVB is deemed to be non-viable or approaching non-viability and accordingly, the triggers for a write-down of Basel III Tier 2 bonds issued by the bank has been triggered.

“In light of the above provisions, such Basel III Tier 2 bonds would need to be fully written down before the amalgamation of the bank comes into effect,” RBI said in its letter.

The Central Government, in its notification, had written off the entire amount of the paid-up share capital and reserves and surplus, including the balances in the shares or securities premium account of the transferor bank and the delisting of the shares and debentures.

As a result, the shareholders of the LVB will not get anything for their shares.

Meanwhile, the shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair valuation of their bank, the amalgamation of which takes effect from Friday onwards.

On Thursday, Indiabulls Housing Finance Ltd, Kare Electronics and Development Pvt Ltd and others filed a writ petition in the Bombay High Court praying for a stay of the notification issued by the Central government for amalgamating the LVB with DBS Bank India Ltd, a subsidiary of DBS Bank, Singapore.

The petitioners will also make DBS Bank as a party to the case by amending their petition.

“The petitioners had prayed for a stay of the Central Government notified scheme of amalgamation of LVB with DBS Bank India. The other prayer is to quash the writing off of the entire entire amount of the paid-up share capital and reserves and surplus, including the balances in the shares or securities premium account of the transferor bank and the delisting of the shares and debentures,” Paras Parekh, Partner, Parinam Law Associates representing Indiabulls Housing, told IANS from Mumbai.

The Bombay High Court, admitting the writ petition, refused to stay the Central government’s notification amalgamating LVB with DBS Bank India, and fixed the next hearing for December 14.

The court said: “We are of the opinion, prima facie, that the petitioner’s claims being a monetary claim, can be considered at the time of disposal of the petitions.”

Also Read: Indian economy’s recovery better than expected: Das

Also Read: FIIs turn net buyers in India in 2020

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Business Economy India News

Majority ready to switch to WFH in India: Survey

More than half of the office-goers in India are willing to switch jobs if it meant they could work remotely, said a new survey on Thursday.

There has been a heightened interest in online learning since Covid-19 with 83 per cent of survey participants from India saying they are more interested in online learning/training, according to the research by Cloud software firm Salesforce.

“Amid the global pandemic, companies have been leveraging technology to pivot their businesses at hyperspeed. This new all-digital world poses an opportunity for business leaders to rethink how they not only connect with their customers, but also their employees,” Dulles Krishnan, Area Vice President, Salesforce India, said in a statement.

“By shifting our priorities on our employees, ensuring safety and reskilling for the future, we have the opportunity to use technology to make the future of work a more inclusive and resilient environment.”

This report surveyed 20,000 people across ten countries, including 4,000 people from India, focused on gaining insights about the participants’ perceptions of the future of work from around the world.

Also Read:Indian economy’s recovery better than expected: Das

Insights from the study revealed that remote work is a luxury not available for all and that working remotely will look different everywhere.

The pandemic has pushed companies to adapt to new realities that are radically transforming how they operate and serve both their employees and customers.

In fact, 79 per cent of the survey participants from India said technology should play a major role in workplace safety.

The survey showed that trust in business and government is significantly higher in India than the global population.

About 89 per cent of the survey participants from India said they trust businesses to create a better future.