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Suggested resources to understand the COVID-19 crisis better

These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...

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Phasing out India's Lockdown Is Essential, but With More Nuance Than What's Been Done So Far -Prem Shankar Jha

-TheWire.in A market economy is not an automobile that can stop and restart at the touch of a button. When Prime Minister Narendra Modi announced a total lockdown of the country to fight COVID-19, he did it perhaps with one idea in his mind. The spread of the virus had to be stopped first, no matter what it cost the economy. A trade-off between saving lives and saving incomes was unavoidable and...

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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole

-The Hindu The trend across developing countries is to give State governments as much discretion as possible India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP. While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief...

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The coronavirus battle and its ripple effects on the economy -Niranjan Rajadhyaksha

-Livemint.com Direct handouts and fiscal rather than monetary action could help tide over the current shock and its potential after waves The Covid-19 pandemic is, above all, a human tragedy. The impact on the economy is at best second in the list of public policy concerns right now. Governments across the world have done well to sacrifice economic activity in an attempt to contain the spread of the virus. However, the economic...

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