-The Indian Express The first thing to understand is that, even before the Covid-19 induced global lockdown, crude oil prices had been falling over the past few months. US oil markets created history on Monday when prices of West Texas Intermediate (WTI), the best quality of crude oil in the world, fell to “minus” $40.32 a barrel in New York. Not only is this the lowest crude oil price ever known —...
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Farmers are at their wits’ end -R Ramakumar
-The Hindu As global trade falls and supply disruptions persist, a prolonged lockdown will adversely affect food security The COVID-19 pandemic has led to global concerns on the state of agriculture and food security. On the one hand, the Food and Agriculture Organization (FAO) has warned of a “food crisis” if countries do not protect vulnerable people from hunger and malnourishment. On the other, farmers face a stalemate as they are unable...
More »Economy infected: Task force has a prescription, concerns mount over delay -P Vaidyanathan Iyer
-The Indian Express Over the last one month, the government pulled out all stops to contain the spread of the Covid-19. During this period, economic ministries including Commerce and Industry, Heavy Industries, Road Transport, Civil Aviation, Pharmaceuticals and Consumer Affairs met and heard stakeholders. With Covid-19 wreaking havoc in Indian financial markets and global research and rating firms marking down GDP growth estimates by up to 100 basis points, Prime Minister Narendra...
More »Informal sector workers don’t have the privilege to stay at home & work online in the time of COVID-19
After the outbreak of COVID-19 in China during early January this year and its dissemination globally within a few days, health experts have suggested ways to check its spread exponentially among the rest of the population. In the age of internet connectivity, work-from-home and self-isolation have been advised as solutions to ensure social distancing and avoid large-scale social gatherings. Experts have asked governments and private enterprises to keep people at...
More »Virus shock, its many uncertainties -Renu Kohli
-The Telegraph Longer the lockdowns last, more severe the economic costs The rapid progression of the Covid-19 infection from China to some, and then most, countries is an unprecedented global shock. Its full-blown eruption was characterized pandemic by the WHO last week. Markets have been tailspinning since and the virus ructions have challenged governments’ ability to retain control and stay ahead of the curve to manage the pandemic. The central response worldwide...
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