SAMBALPUR l SUNDAY l MAY 24, 2020 l `8.00 l PAGES 24 l CITY EDITION SILICON VALLEY MAY MOVE TO PERMANENT WFH MODEL Facebook, Twitter and Google among firms considering a permanent work from home model amid the locdowm WHY THIS MAKES SENSE FOR COMPANIES Once the tech titans adopt the model, analysts predict other, smaller, companies to follow suit. Apart from saving money on building giant office spaces, companies can adjust the salaries of employees depending on the area where they live. In other words, workers who live in more affordable cities may not be able to keep their fat Silicon Valley paychecks 40% WILL IT HAMPER CREATIVITY? ■ While WFH is the buzzword right now, implementing it could take time. Facebook aims to adopt it over the next 10 years ■ Meanwhile, Google CEO Sundar Pichai expressed caution, saying full-time WFH may affect brainstorming—the creative process. “I expect us to need physical spaces,” he said in a recent interview OF FACEBOOK EMPLOYEES ARE INTERESTED IN WFH CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Why MSMEs find Centre’s `3 lakh crore credit line hard to come by Temperature rises in Ladakh with India and China in face-off Indian Army rushes additional troops after China moved 5,000 PLA soldiers along LAC in the contested Doklam Area. At present, In Easter n IN a proportionate response to Ladakh, PLA troops are spread Chinese mobilisation of troops out on the stretch right from in Eastern Ladakh, the Indian Galwan to Demchok. The 145 Army has rushed additional km long Pangong Tso lake lies troops to the area. near Galwan from where the “The Indian Army has mobi- stand-off started. Pangong Tso lised Reserve Force to match up is a glacial lake lying at a height the Chinese deployments,” said of about 14,000 ft and is strada source aware of the develop- dled between India and China. ment, adding the Army has fac- Pangong Tso’s 45-km stretch is tored in any future increase of under Indian control. troops in the area. On May 5, the Norther n The decision to move for- Flank of the lake became the ward additional troops was flashpoint for the stand-off taken after the Chinese when Indian troops People’s Liberation stopped the Chinese Army brought in a Regtroops near Finger 5. iment commanded by a The finger area conSenior Colonel having a It looks like the sists of a series of disChinese are strength of around puted mountainous 5,000 soldiers. A Chi- prepared for a spurs along the lake. long haul similar nese Senior Colonel to the Doklam The scenario turned Rank is equated with a ugly last week when stand-off Brigadier of the Indian PLA men reportedly atSenior officer Army . tacked Indian soldiers The decision also with rods, stones and comes in the wake of Indian punches leading to retaliation Army Chief General M M Nar- from the Indian side. avane’s visit to Ladakh on “India overlooked the heightFriday . ened activity of PLA in the China has also moved its Bor- Eastern Sector of LAC. The der Defence Regiment close to Chinese had been focusing on the borders. In response, India this sector for the past two has moved the Indo Tibetan years,” said a strategic analyst Border Force ahead on the In- who tracks China closely . dian side of Line of Actual According to data shared Control (LAC). with Parliament in November In June 2017, Indian Army 2 0 1 9 , t h e r e w e r e 2 7 3 and PLA had a 73-day long transgressions in 2016, 426 in standoff when the Chinese 2017 and 326 in 2018 with a large tried to change the status quo number of them happening in in the area by building a road Ladakh. M AYA N K S I N G H @ New Delhi WITH THIS ISSUE P L U S 1 2 PA G E S on borrowers, whose payments are behind schedule as unpaid dues pile up and economic activity ran aground due to the lockdown. Finance Minister Nirmala Sitharaman may have announced relief measures amid drumbeats, but her package, apparently hasn’t reached bank branches yet. So existing borrowers are being turned at the door, with some even getting ridiculed for making enquiries about nonexisting schemes (read the `3 Oxford University What is the vaccine? The ChAdOx1 nCoV-19 vaccine is made from a virus ChAdOx1, which is a weakened version of the common cold virus, the adenovirus. It has been developed by the Jenner Institute and the Oxford Vaccine Group at the university. How does it work? After receiving the ChAdOx1 nCoV-19, it is hoped that the vaccine will activate the body’s immune system to attack the adenovirus and prevent it from entering human cells and stop an infection. At what stage is it? The first phase of human trials began in April with about 1,000 volunteers aged between 18 and 55. On Friday, the university announced that it was entering Phase 2 with volunteers above 55 years. The Serum Institute of India has been closely working with the university. VACCINE RACE Pfizer What is the vaccine? Pfizer and its German partner BioNTech have been working on the BNT162 vaccine, an mRNA vaccine. lakh crore credit guarantee plan), while requests for working capital loans to cover rentals and employee salaries are not being evenly entertained. Meet Jayarammu Mayanna, who runs a physical vapour disposition coatings business in Peenya, North Bangalore. Mayanna’s humble enterprise employs 12 and his loan request drew a blank as the bank manager was blissfully unaware of the Covid-relief package. Similarly, Hyderabad-based Satish (name changed), who Oxford University on Friday said the vaccine it is developing for the coronavirus has entered the second phase of human trials. Earlier in the week, the US-based company Moderna announced their vaccine candidate prompted an immune response in the human body in Phase 1 of the clinical trials. If in the coming months a vaccine to prevent Covid 19 is available, it could become the fastest vaccine ever made. But where do we stand? Over 100 potential vaccines are in the making, but our hopes are pinned on four TEXT: SUMI SUKANYA DUTTA At what stage is it? Pfizer started dosing its experimental vaccine on participants in the US in Phase 1 and Phase 2 clinical trials. The firm plans to enroll 360 volunteers. makes and supplies equipment for mining and manufacturing companies, was left dumbfounded when his banker broke the bad news that there were no fresh guidelines to offer collateral-free credit. “I am currently making rounds at various banks and have not achieved anything so far,” explained Mayanna, who also is a member of Peenya Industries Association and Karnataka Small Scale Industries Association. CONTINUED ON: P5 Moderna RNA What is the vaccine? The Massachusetts-based biotech company Moderna’s vaccine candidate is said to be moving ahead of schedule. Its mRNA-1273 vaccine candidate was the first to enter clinical trials How does it work? It uses a messenger RNA, or mRNA. An mRNA is a Sinovac molecule that produces antigen. The antigen activates the immune system, helping the body to defend itself against Covid-19 At what stage is it? The company has been doing Phase 1 trials and has received the US Food and Drug Administration nod to start advanced trials. The company said trials had shown good results At what stage is it? The firm is also doing Phase 1 and Phase 2 trials and has announced that it is in discussion with regulators in other contries and the World Health Organization to launch Phase 3 What is the vaccine? Sinovac Biotech Ltd is working on an inactivated vaccine called CoronaVac. Preclinical results are encouraging Odisha sends 500-strong team to West Bengal Odisha has sent a team of 500 members, including 300 fire personnel & 10 ODRAF teams to assist in relief & rescue operations EXPRESS NEWS SERVICE @ Bhubaneswar RUSH TO GET HOME Thousands of migrant workers thronged the Palace Grounds in Bengaluru on Saturday to get their names registered to return home a day after Karnataka govt said it will bear the cost of migrants travelling on special trains | PANDARINATH B HOPING TO RESTART INTERNATIONAL FLIGHTS BEFORE AUGUST: CENTRE 2,600 MORE TRAINS OVER NEXT 10 DAYS The Indian Railways will operate 2,600 more Shramik Special trains in the next 10 days to take more than 36 lakh stranded Indians to their homes, Railway board chairman YK Yadav said on Saturday. The railways has already operated about 2,600 special trains since May 1. EXPRESS NEWS SERVICE @ New Delhi UNION Aviation Minister Hardeep Singh Puri on Saturday said the government will try to restart a “good percentage” of international flights before August. “I can’t put a date on it. But if somebody asks can it be done by August or September? My response is why not earlier depending on the situation,” the minister said, adding, “I am fully hopeful that before August or September, we will try to start a good percentage of international civil aviation operations.” The minister clarified that domestic passengers who don’t have Covid symptoms and have a green status on Aarogya Setu app need not be quarantined on reaching their destinations. A day after assuring West Bengal of all assistance to deal with the aftermath of cyclone Amphan, Odisha on Saturday dispatched a team of 500 personnel from Odisha Disaster Rapid Action Force (ODRAF) and Fire Service to take part in rescue and relief operations in the neighbouring State. Describing cyclone Amphan as one of the worst disasters to have hit West Bengal, Chief Minister Naveen Patnaik said the people of Odisha stand by West Bengal during this unprecedented crisis. “Odisha has sent a team of 500 members, including 300 fire personnel & 10 ODRAF teams to assist in relief & rescue operations,” he tweeted. Meanwhile, the State has received the `500 crore advance Naveen Patnaik, Chief Minister financial assistance that was announced by Prime Minister Narendra Modi on Friday . This will help the State Government expedite its post-cyclone restoration and reconstruction works, Special Relief Commissioner Pradeep Jena said. The State has also claimed to be successful in achieving ‘zero casualty’ during the cyclone, though more than 44.44 lakh people of 10 coastal districts were affected. A preliminary report submitted to the Centre on Saturday maintained that crops in about one lakh hectares have been damaged. P5 ODISHA REPORT CARD - MAY 23 Sundargarh 05 Jharsuguda 03 Nayagarh 05 Balangir 01 Kandhamal 19 Balasore 03 TEN days after the Centre’s `3 lakh crore revival package, MSMEs continue to live in a finance-friendless world. Until last week, it was only a matter of time before rescue arrived. When it finally did come, the wait is again getting longer, both due to departmental delays and bankers’ reluctance. appears. Often, successive governments are seen cherishing MSMEs, perhaps because they make for a fantastic metric. They are humongous in size, 6.3 crore and counting, are among the biggest employers engaging 11 crore, add 30 per cent to nominal GDP, 45 per cent to manufacturing output and 48 per cent to merchandise exports. Yet, MSMEs are currently living on the breadline with banks literally folding the tent Nabarangapur 19 Ganjam 19 Jajpur 14 Bhadrak 03 @ Hyderabad / New Delhi / Bengaluru / Chennai Unlike big businesses who hit headlines arm twisting governments for handouts citing job losses and systemic failures, this is a segment that strives to pay the piper. For them, the fear of a default cuts like a knife as it snaps whatever negligible institutional credit line they have for good. This story is about our capital-starved MSMEs, who sometimes are loved by the government, but mostly unloved by the banking system. Or so it AMIT BANDRE S U N I T H A N AT T I , J AYA N TA R O Y C H O W D H A R Y, B I S M A H M A L I K & B I N I TA J A I S W A L Malkangiri 05 Gajapati 04 Cuttack 01 Puri 17 1269 TOTAL CASES IN STATE Death 496 Recovered 07 NEW CASES ON SATURDAY 80 ‘INTENSIFICATION OF Govt finally says ‘cheers’, but be ready to pay through the nose CYCLONES A PROBLEM’ For India Meteorological De- dozens of models, understandpartment, it has been a frenetic ing their variations was necesweek. Tracking a tropical cy- sary because his forecast clone that behaved differently shaped the strategies of governwas not easy but for ment agencies and the national forecastsave hundreds of lives. INTERVIEW er, Amphan was like The top weather scienclockwork. The pretist, son of the soil and diction was spot on India’s Cyclone Man but required IMD DG spoke to Asish Mehta Dr Mrutyunjay Moabout how the storm hapatra and his team was tracked, challengto burn midnight oil to es IMD faced and the keep an eye on the weather agency’s asstor m’s movement cendancy as a top foreMrutyunjay every hour of the day . caster of the world. Mohapatra Shifting through a Director General, IMD FULL INTERVIEW: P8 EXPRESS NEWS SERVICE @ Bhubaneswar AFTER 62 days of shutdown, the Odisha Government finally opened up liquor sale in the State but through home delivery services only and with a steep hike in prices. From Sunday, all ON and OFF shop licensees, in areas other than containment zones and shopping malls, are allowed to sell alcohol through home delivery system by engaging their own personnel or through food aggregators like Swiggy and Zomato, etc. While the announce- The SOP for home delivery of liquor l home delivery, no counter sale Only l Special Covid fee of 50 per cent over MRP on all liquor l Delivery between 7am and 6pm l Maximum 5 ltr beer, 2.5 ltr IMFL per order l Orders through phone, whatsapp, mail & food aggregators l Contact numbers & platforms to be displayed outside all shops l Zomato - Bhubaneswar, Cuttack, Berhampur and Puri l Swiggy - Bhubaneswar, Cuttack, Berhampur and Rourkela ment may have brought cheers to the tipplers, they will have to pay more than one and half price of the bottle as the State Government has imposed a ‘Special Covid fee’ on all types of liquor. The fee is 50 per cent of the MRP. One person can order a maximum of five litre beer and 2.5 litre IMFL per order. A notification issued by the Excise department said that the additional revenue generated will go towards meeting the expenses incurred by the Government in provisioning Covid-19 healthcare services and other related activities. The State has already suffered a loss of around `750 crore because of the ban on liquor sale due to the lockdown. The licensees cannot sell liquor on their premises. While switching to home delivery the , shops will have to prominently display their phone/mobile/ whatsapp number/email id/ UPI details for receiving orders and facilitating digital payments. The Odisha State Beverages Corporation (OSBC) website (osbc.co.in) will also display the district wise list of ON/OFF shops licensees along with their details. P5
Express Network Private Limited publishes thirty three E-paper editions of The New Indian Express newspaper , thirty two E-paper editions of Dinamani, one E-paper edition of The Morning Standard, one E-paper edition of Malayalam Vaarika magazine and one E-paper edition of the Indulge - The Morning Standard, Kolkatta.