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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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Covid-19: Centre rejects IRS’ proposal of taxing the super rich, calls it an ‘act of indiscipline’

-Scroll.in The finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such ‘ill-conceived views’ in public. The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it “an act of indiscipline”, NDTV reported. In a 44-page report titled FORCE, or Fiscal Options and...

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Food is a Necessity, So is Making it Available -Hari Vasudevan

-Newsclick.in Today's India has revealed a social innocence about genuine starvation and want, limiting public capacity to make demands of the state. Food is a necessity.  Several generations in India regard this home-truth as a stark fact that they have been brought up to respect, either due to experience, or through memory.  In some cases, such generations have lived on the edge of India's many Kalahandis, normally ignored, because they are ephemeral,...

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Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha

-The Hindu In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume. Mumbai: As business activities resumed on Monday after a nationwide lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for banks within which a loan needs...

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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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