-Down to Earth Land use degradation creates ground for zoonotic disease like COVID-19 as the interaction and physical distance between animals and humans gets closer Land use change, which prepares the ground for zoonoses like the novel coronavirus disease (COVID-19), should be reversed urgently, the United Nations Convention to Combat Desertification (UNCCD) has said. Over 70 per cent of all natural, ice-free land in the world is affected by human use, according to...

-Newsclick.in The Rs 3 lakh crore credit guarantee scheme for micro, small and medium enterprises is unclear, contradictory and practically difficult to implement. The scheme may create more problems than it solves. On May 12, in his televised address to the nation, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan or the “campaign to make India self-reliant,” comprising what was claimed to be a Rs 20 lakh crore package to...

-Livemint.com From an already low base, women’s employment has fallen further, and a recovery will be difficult A clutch of early studies on the impact of the lockdown on employment is showing that women’s employment could be particularly badly hit. Given India’s record low female workforce participation rates, growing child care demands, and a looming recession, researchers fear that women could be increasingly shut out of the productive economy. To estimate the impact...

-The Hindu Disruptions in the supply chain and panic buying can lead to price spikes: Hans Timmer In a report released this month, the World Bank has predicted a ‘dire’ situation for South Asia due to the economic impact of measures to counter the novel coronavirus pandemic, suggesting that the eight SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Maldives and Sri Lanka) will experience their worst economic performance in 40 years,...

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...