Aditya Sarkar B.Com.(H) 6th Sem Student, ADAMAS University
The 2019–20 coronavirus pandemic is an ongoing pandemic of coronavirus disease 2019 (COVID-19), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The outbreak was first noted in Wuhan, Hubei province, China, in December 2019. the planet Health Organization (WHO) declared the outbreak to be a Public Health Emergency of International Concern on 30 January 2020 and recognized it as an epidemic on 11 March 2020. As of 5 April 2020, quite 1.23 million cases of COVID-19 are reported in over 200 countries and territories, leading to approximately 67,200 deaths. quite 252,000 people have recovered.
India is now facing its greatest crisis since its independence. there’s a 21-day lockdown to enforce self-distancing to stop the spread of COVID-19 and flatten its growth curve. it’s natural that within the process, the economy is on complete bed rest. The exercise is to seek out out the value of this lockdown.
Take a glance at the components of the Indian Economy-Gross Value Added (GVA) at Basic Price 2011-12, at current prices. To clarify, the connection of GVA with Gross Domestic Product (GDP), GVA is defined as GDP+Subsidies on products-Taxes, and GVA generally may be a better indicator for analytics.
To assess the impact of lockdown, we not only got to take the 21-day shutdown period but the additional additional days of the operating cycle before a cloth or service are often back to operations. While each sector has its own dynamics and different cycles, I even have assumed a minimum of one week for the organization considering various factors of production- men, materials, capital to migrate to the assembly capacity. So effective loss is assessed at 28 days (21 lockdowns +7 pre-operative period).
Among equities, one can adopt a barbell strategy, i.e., own a mixture of high-quality growth stocks at the one end and buy beaten down ‘relative value’ or ‘mean reversion’ plays like Corporate Banks, PSU companies, Pharma and Utilities at the opposite end.
BSE Sensex witnessed a pointy fall within the stock exchange on March 23, 2020 thanks to the Coronavirus fear across the worldwide market. The Sensex plunged 3500 points to around 26, 380 after hitting its 10% lower circuit limit. On the opposite hand, the NSE Nifty fell 11 percent to below 7800.
Earlier on March 18, 2020, BSE Sensex fell by 1709 points and National stock market (NSE) Nifty slipped 425.55 points (4.75%) to shut at 8,541.50. The Indian stock exchange opened with good gains amid positive signals from foreign markets. However, after a brief time, all shares started plunging again.
Foreign investors (FIIs) are continuously withdrawing money from the Indian market. On the opposite hand, the Supreme Court’s decision affected the shares of banking companies the foremost , because these banks have huge debt on telecom companies.
The other major contributors to the autumn in Sensex included Tata Steel, Adani Ports, Mahindra & Mahindra, HDFC Bank, Axis Bank, Reliance Industries and therefore the depository financial institution of India.
Commodity traders have asked India’s markets regulator to revive trading hours till 11.30 pm to contain trading volatility and losses seen after the coronavirus pandemic since December 2019.
After the govt imposed a nationwide lockdown to stop the spread of the coronavirus, Sebi reduced the trading hours on commodity markets to 9 am-5 pm from the sooner 9 am-11:30 pm to assist exchange employees and traders practice social distancing.
The association lauded Sebi for taking measures to scale back compliance burden, easing operational procedures, extending deadlines, and for its regular advisories to the states which gradually facilitated issuance of curfew passes for workers of broking entities to succeed in office.
The Organization for Economics Cooperation and Development (OECD) estimates that increased direct and indirect economic costs through global supply chains reduced demand for goods and services, and declines in tourism and business travel mean that, “the adverse consequences of those developments for other countries (non-OECD) are significant.” Global trade, measured by trade volumes, slowed within the half-moon of 2019 and was expected to say no further in 2020, as a results of weaker global economic activity related to the pandemic, which is negatively affecting economic activity in various sectors, including airlines, hospitality, ports, and therefore the shipping industry.
According to the OECD’s updated forecast:
- The best impact of the containment restrictions are going to be on retail and
wholesale trade, and in professional and land services, although there are
notable differences between countries.
- Business closures could reduce economic output in advanced and major
emerging economies by 15% or more; other emerging economies could
experience a decline in output of 25%.
- Countries hooked in to tourism might be affected more severely, while countries with large agricultural and mining sectors could experience less severe effects.
- Economic effects likely will vary across countries reflecting differences within the timing and degree of containment measures.
Tech giants are getting creative to manage the COVID-19 crisis
Since the Covid-19 outbreak, companies within the private and public sector are encouraging work from home for many of their employees. Since the thought is essentially novel for those unaccustomed the gig economy and unorganized sector, many challenges abound. Is it counterproductive to figure in your pajamas
How are you able to resist the lure of streaming a show on your laptop while performing on an uneventful spreadsheet? Can meetings be as effective on Zoom or Google Hangouts as they’re in physical boardrooms and conference halls?
he second, which is becoming increasingly crucial, involves clearing up non-physical clutter, by which the authors mean your digital organizers, emails, computer desktop, various passwords, meeting schedules, and other people management skills.
While the ‘spark joy’ philosophy isn’t always possible to follow since a neighborhood of just about any job involves tedium and drudgery, there are modifications which will be made to make sure that your working life may be a little more bearable. Most of the sensible advice—for instance, to tidy by category, quickly and completely, beat one go—make sense.
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