Nasscom for policy tweak to enable longer work-from-home scenario


IT industry body National Association of Software and Services (Nasscom) has written to the government, asking for measures to support its member entities with the pandemic looking set to impact the industry in the near term.

has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees’ homes. This will enable a longer term work-from-home (WFH) scenario, which several firms like Tata Consultancy Services have already spoken about.

While the industry has received an extension in relaxation of OSP norms until July 31, these have to be abolished altogether if WFH is to become a new normal. Keshav Murugesh, CEO of WNS Global Services, said: “is already working with the government to leverage this crisis and create new models of engagement, including changing

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The complexities in asking for changes to will arise once it requires tinkering with aspects that fall under states’ jurisdiction.

The key assumption in is that workers go

US Urges Probe Into Alleged Ethics Breach At African Development Bank


The US Department of the Treasury has called on the African Development Bank (AfDB) to carry out an independent probe into alleged ethics breaches by its president, Akinwumi Adesina.

In a letter obtained by AFP on Monday, US Treasury Secretary Steven Mnuchin expressed “deep reservations” about the outcome of an internal inquiry clearing Adesina, and urged the appointment of an independent outside investigator.

The letter, dated May 22, was sent to the chair of the AfDB’s board, Ivorian Planning and Development Minister Niale Kaba.

Adesina is seeking a second five-year term at the helm of the AfDB, one of the world’s five largest multilateral development banks.

Whistleblowers last month submitted a 15-page report to bank governors detailing alleged embezzlement, preferential treatment for fellow Nigerians in senior appointments and the promotion of people suspected or convicted of fraud and corruption.

The bank’s ethics committee totally exonerated Adesina, saying the complaint “rested on no objective, solid facts”.

Adesina himself has dismissed the allegations as “spurious and unfounded” and “blatantly false.”

A former Nigerian agriculture minister, Adesina, 60, is the only candidate in an election which was set for late May but which has been postponed to August because of the coronavirus pandemic.

Ord Minnett back in Perth



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Tier-II, III cities now preferred destinations for warehousing: Experts


Restricted movement due to the nationwide lockdown has underscored the importance of in-city warehousing, with tier-II and -III locations emerging as preferred investment destinations, say industry experts.

The warehousing sector, which was mainly concentrated in tier-I cities, especially the major eight metros, had started shifting to tier-II locations after certain policy initiatives, according to the experts.

“Due to various reasons of urbanisation, warehousing has been more focused in the top eight metros. Later, due to certain policy initiatives, some of the tier 2 cities also emerged as preferred locations.

“However, with lockdown being a national reality now, with movement of people becoming restricted, smaller cities or the hinterland of the country could be the mini warehousing hubs or focal points,” property consultant Savills India Head of Research Arvind Nandan told PTI.

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Though the supply of new warehousing space in 2020 could be merely 12 million sq ft as against the previous estimate of 45 million sq ft due to Covid-19 crisis, in the long-term, the demand for warehousing space will grow significantly and there

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