Just now the total cases of COVID afflicted people in the world are 5.4 lacs and total deaths are about 24k, which shall be much higher when you read it. US becomes the global epicentre of the pandemic crossing China and soon Italy will also cross China being just a few hundreds behind it. India is above 730, and that is because there is still no mass testing of the infection done among symptomatic suspects. This is surely NOT going to end so soon.
Indian economy is a wee above Rs.180 lacs crores or in other words, USD 2.8 trillion at this point of time (China is more than five times of this!). The current government has pegged it to grow to an ambitious USD 5 trillion within 2025. And this has become fashionable to discuss why it can be so and how it should be steered to be so. So, let's join the gang and make a realistic assessment about this. It is more important in the current context of Corona Virus induced virtual lockdown of educational institutes and a large part of the formal and informal economy in the country.
The COVID-19 coronavirus has arrived in Latin America, but effective measures to deal with the pandemic have not – at least not in every country. President Andrés Manuel López Obrador in México and President Jair Bolsonaro in Brazil, mimicking US President Donald Trump, are still holding rallies and hugging supporters, in a reckless attempt to burnish their macho strongman credentials. A more serious, ambitious, and targeted response is necessary to prevent a public-health crisis from becoming a social and economic catastrophe.
First, a disclaimer. This piece is not for bashing the government or PM Modi. The COVID-19 virus knows no boundaries or politics or religion. This is in the national interest, in the interest of every Indian, Modi supporters or critics.
Contrary to my initial expectations, the spread of the COVID-19 coronavirus around the world is not following the relatively benign trajectories experienced in China outside of Wuhan and Hubei province, and in South Korea, Singapore, and the rest of Asia. Instead, across Europe – and very likely in the United States, too – the spread of the virus increasingly resembles the path it took in Hubei.
The battle against Corona Virus Disease or COVID-19 is not just a healthcare battle. It is at three levels and developing nations like those in South Asia must realize this before it is too late to recover. It is a battle for medical care, prevention, and cure in the first place. Secondly, it is a battle against economic recession, job losses, revenue losses, and possible economic slump if not tackled in time. Thirdly, it is a battle at the psychological front, fighting misinformation and disinformation, allaying unfounded fears, combating false content and narratives around the disease and its impact.
COVID-19’s implications for the global economy are highly uncertain but potentially disastrous. As of March 5, the World Health Organization had identified 85 countries and territories with active COVID-19 cases – an increase from 50 countries the previous week. More than 100,000 cases and 3,800 deaths have been reported worldwide, and these figures almost certainly understate the scale and scope of the outbreak.
The COVID-19 epidemic is not just any stress test. For starters, it is likely to affect the entire world, leading to a synchronized growth slowdown or even recession. Synchronized recessions are virtually always deeper and longer-lasting than downturns affecting individual economies, and they hit open economies like the EU particularly hard.
The mayhem, killing, arson, and violence in Delhi have apparently ended. But thousands are marooned, more than 40 dead, some 300 maimed and injured, and hundreds of homes and shops are burnt. While there are unfortunate deaths and injuries of both Hindu born and Muslim born victims, the losses of life and property are more than 90% in the case of the minority community. The victims largely are poor and those whose fall back options in a crisis are minimal. The hate-mongering 'Goli maaro...' slogans are still going on just now in other unaffected parts of Delhi as well.
Democracy may be “the worst form of Government except for all those other forms that have been tried from time to time,” as Winston Churchill famously said, but that does not mean democracy is good enough. Voters know it, and they are as mad as hell about it.
The climate activist Greta Thunberg has accused developed economies of “creative carbon accounting” because their measures of greenhouse gas (GHG) emissions, and of achieved and planned reductions, fail to consider the gases emitted when imported goods are produced in other countries. As Chinese officials quite rightly point out, about 15% of their country’s emissions result when goods are made in China but consumed in other, usually richer, economies.
Plastic is a part of our daily lives. Everything is plastic from a pen to the button of a shirt. Plastics are harmful to our mother earth, but it’s hard to stop using them. There are plastics that have long term applications, but there are also other plastics that are used every day and thrown away.
BERKELEY – Despite multiplying policy challenges, the United States is crippled by political polarization and consumed with rancorous partisan arguments (often on Twitter and without facts). The resulting paralysis at the federal level means that progressive federalism and initiatives by individual states will be the main channels for policymaking in 2020, and likely beyond.
Mutual funds are seen as institutions for providing small investors with avenues of investment in the capital market. Most of the investors do not have the resources, knowledge, skill, experience and time for directly accessing the capital market. A mutual fund is an investment intermediary which mobilizes the savings of small investor, invest these savings with expertise in a well-balanced and well-diversified portfolio of stocks, thereby, reducing risk and earning a higher rate of return on investment. The Mutual Fund industry in Nepal is still in its nascent stage.