Tough Times: Singh orders closure of IFFCO’s Corporate office

The Corona virus scare has led business establishments including those operating in the cooperative sector to shuttering their offices.

In a notice sent to employees, IFFCO HR Head R P Singh announced the closure of its Corporate office situated in Saket, New Delhi till 31st March. The notice by HR Head read” Further to the NOTICE conveyed through email dated 23.03.2020, the Corporate Office will remain closed up to 31st March 2020 on account of COVID 19.

The Corporate office of IFFCO would however continue with its skeletal services such as Security, Data Center, Building Management System, etc.

While directing its staff members to operate from home Singh’s mail reads “All are requested to operate from home. Anyone required to come to office will be informed separately.”

If the situation improves or the Government relaxes the lockdown, either generally or for the fertilizer industry in particular being an essential commodity, then the office may be opened earlier and everyone may be required to come to Office, accordingly, reads the communication from the Director.

Meanwhile, attend to your official work from home to the extent possible and remain available on call/ whatsApp/email for any further communication, read the notice.

First Post, meanwhile reports that Delhi chief minister Arvind Kejriwal announced a lockdown — sealing the state’s borders, shutting down markets and directing private firms to give compulsory paid leave to all employees, including contractual — until the end of March.

Beyond 80 districts, states, including Maharashtra, which is leading in the number of coronavirus cases, Rajasthan and Punjab are now under effective statewide lockdowns after they imposed Section 144 that bars gatherings of more than four people.

Indian stock markets suffered their biggest one-day selloff as several states were placed on lock down to curb the spread of coronavirus cases in the country, reports Live Mint.

Within less than one hour of the market opening, trading on BSE and NSE had halted as Sensex hit the 10% lower circuit breaker. After trading resumed, the Sensex extended losses, dragged down by financials. The rupee also weakened past 76 level per dollar for the first time, the report reads.

 

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