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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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Calls for free ration grow as migrants fight hunger -Zia Haq, Smriti Kak Ramachandran and Saubhadra Chatterji

-Hindustan Times The Union government has allowed charities and states to buy extra stocks of federally held foodgrains at a reserve but cheaper-than-market price as several migrant workers battle a food crisis. New Delhi: The Union government has allowed charities and states to buy extra stocks of federally held foodgrains at a reserve but cheaper-than-market price as several migrant workers battle a food crisis. The federally run Food Corporation of India has reserved...

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Foodgrain stocks bountiful, yet the poor are going hungry -Furquan Ameen

-The Telegraph Provide emergency ration cards, universalise PDS in rural areas and urban slums, says Dreze India’s foodgrain stocks have never been so bountiful, yet the government is struggling to ensure that no one remains hungry in the middle of the coronavirus pandemic that has sparked an unprecedented emergency involving jobless migrant workers, thousands of whom are stranded away from their homes. Stocks with Food Corporation of India was estimated to be around...

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The Unexpected Reckoning: Coronavirus and capitalism -Radhika Desai

-NetworkIdeas.org It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. The previous week had been a veritable roller coaster ride. The World Health Organization (WHO) finally declared the contagion a pandemic, governments scrambled to respond, the virus dominated the news cycle as well as the plethora of...

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Potentially Hazardous Changes Proposed under CSR Rules -Noshir H Dadrawala

-MoneyLife.in A news item published in the Business Standard on “New draft rules set to clamp down on CSR activities through trusts”  has caused mass panic and pandemonium since morning. While it is good to be vigilant and leave no scope for ambiguity and address any vagueness in the language of the proposed new Rules (while we still can), let’s not get unduly alarmed either. There is time and adequate scope...

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