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Saturday,23-October-2021

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Feeling of burnout increases among global workforce: Microsoft

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Microsoft

If youve been feeling overwhelmed at work lately, you are not alone as a new Microsoft study has shown that the pandemic has increased the feeling of burnout at work among about 30 per cent of workers.

Longer workdays have contributed significantly to these feelings of burnout amid the pandemic, said the “Work Trend Index” report.

Workers in Australia saw the highest increase in workday span in Microsoft Teams, with a medium increase in burnout. While workers in Germany saw very little change to workday span or feelings of burnout, said the report.

“The top stressor shared globally was worry about getting Covid-19, followed by lack of separation between work and life, feeling disconnected from co-workers, and unmanageable workload or hours,” Jared Spataro, Corporate Vice President for Microsoft 365, wrote in a blog post on Tuesday.

The report looked at how the pandemic has impacted wellbeing at work globally.

The study examined how productivity patterns in Microsoft Teams have shifted since early this year and surveyed over 6,000 information and “Firstline” workers in eight countries including Australia, Brazil, Germany, Japan, India, Singapore, the UK, and the US.

Microsoft defines first-line workers as people whose primary role function is to work directly with customers or the general public.

The report also includes studies from the Microsoft Research group that shed light on the surprising productivity benefits of our once-dreaded commute.

The study also found that nearly 30 per cent of workers have not been provided the tech or protective equipment they need to effectively socially distance by their company.

The data showed that even six months past the first work-from-home orders, people are in significantly more meetings, taking more ad hoc calls and managing more incoming chats than they did before the pandemic.

After-hours chats, or chats between 5pm and midnight, have also increased.

Perhaps more interestingly, the share of Microsoft Teams users sending those chats after hours has more than doubled.

In other words, there is a whole group of people who never touched a keyboard after 5pm before the pandemic — now, they do.

In the study, one third of remote workers said the lack of separation between work and life is negatively impacting their wellbeing.

“Commutes provide blocks of uninterrupted time for mentally transitioning to and from work, an important aspect of wellbeing and productivity,” Shamsi Iqbal, Principal Researcher at Microsoft Research said in a statement.

“People will say, ‘I’m happy I don’t have to commute anymore. I’m saving time.’ But without a routine for ramping up for work and then winding down, we’re emotionally exhausted at the end of the day.”

Of those surveyed, 70 per cent said meditation could help decrease their work-related stress.

This number increased to 83 per cent for those managing childcare or homeschooling.

Business

No increase in fuel prices for 2nd consecutive day on Tuesday

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Petrol

 Petrol and diesel prices remained unchanged for the second consecutive on Tuesday providing relief to consumers who have been facing a regular increase in fuel prices in the past few months taking the retail rates to historic high levels.

With no revision, the price of petrol in Delhi remained Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of state-owned fuel retailers. In Mumbai, diesel rates also remained static at Rs 102.52 a litre; while in Delhi it costs Rs 94.57, the same as on Sunday.

The price pause comes after the rates rose for four straight days when the rates of both petrol and diesel rose by Rs 1.40 paise per litre. There was no change in the rates also on October 12 and 13.

Diesel prices have increased on 19 out of the last 25 days taking up its retail price by Rs 5.95 per litre in Delhi.

With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre-mark across the country a few months earlier.

Petrol prices had maintained stability since September 5, but oil companies finally raised the pump prices last week. Petrol prices have also risen on 16 of the previous 21 days taking up the pump price by Rs 4.65 per litre.

Crude prices have been on a surge rising over a three-year high level of over $ 85.7 a barrel now. It has softened a bit, falling below $ 85 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to the average prices during August.

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Business

Markets open on a positive note

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Bombay-Stock-Exchange

 The 30-scrip Sensitive Index (Sensex) on Tuesday opened on a positive note during the morning trade.

The Sensex of the BSE opened at 62,156.48 points and touched a high of 62,159.29 points. The Sensex touched a low of 61,964.41 points.

On Monday, the Sensex closed at 61,765.59 points.

The Sensex is trading at 62,061.59 points, up by 296.00 points or 0.48 per cent.

On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at lower note at 18,602.35 points after closing at 18,477.05 points.

The Nifty is trading at 18,549.55 points in the morning.

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Business

Petrol, diesel prices rise again, burn bigger holes in consumers’ pockets

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Petrol

 Petrol and diesel price rose again on Friday taking its retail rates to record high levels across the country affecting consumers this festive season.

Accordingly, in the national capital, petrol and diesel prices increased by 35 paisa per litre to Rs 105.14 per litre and Rs 93.87 per litre, respectively.

In India’s financial capital of Mumbai, petrol became costlier by 34 paisa per litre to Rs 111.09 a litre on Friday, the highest across all the four metro cities. Diesel also costs Rs 101.77 for one litre in Mumbai.

The price hike on Friday is for a second consecutive day after the rates remained static on Tuesday and Wednesday.

Diesel prices now have increased on 17 out of the last 21 days taking up its retail price by Rs 5.25 per litre in Delhi.

With diesel price rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre mark across the country a few months earlier.

Petrol prices had maintained stability since September 5 but oil companies finally raised its pump prices last week and this week given a spurt in the product prices lately. Petrol prices have also risen on 14 of the previous 17 days taking up its pump price by Rs 3.95 per litre.

OMCs had preferred to maintain their watch prices on global oil situation before making any revision in prices. This is the reason why petrol prices were not revised for last three weeks. But extreme volatility in global oil price movement has now pushed OMCs to effect the increase.

Crude price has been on a surge rising over three year high level of over $84.5 a barrel now. Since September 5 when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to average prices during August.

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