We sometimes have, I think, a tendency to act and then plan. I worry about that. For example, on Saturday, all manufacturing companies in Pune were told to shut down. On Sunday, all trains were stopped. And on Monday, all companies were told, ‘Look, you must keep supporting your staff and contract workers.’ Now, the sequence should have been the reverse: first, you work out which companies will ensure support for everyone across the board and how. Then you stop the trains so that you contain populations [moving]. And then you close the actual sources of employment. If you do it in the opposite sequence, you end up with what we saw on Saturday and Sunday, which is thousands of people crowding into train and bus stations, heading out of town, potentially spreading the virus across the country. This is obviously an unintended consequence. We sometimes act first without going into what we actually want to achieve. The way to achieve ‘social distancing’ is not to … [Read more...] about How can India contain the economic impact of COVID-19?
By Badri Narayanan Gopalakrishnan and Sumathi Lalapet ChakravarthyNew Delhi:While China shuts down its last makeshift coronavirus hospital, the world endures a bigger challenge as the pandemic is rampaging to every continent on the planet at a speed greater than the light. Based on the John Hopkins coronavirus tracker, the novel virus COVID-19 has spread to an unprecedented 175 countries as of March 27, 2020. The world is grappling with uncertainties and several countries have imposed restrictions that would severely impact the economic activities not just for now, but for a prolonged period of time.India still shows hope in terms of the spread of the infections and reporting a lower number of deaths. It remains one of the least impacted among the highly populous countries at present; there are just about 0.39 cases per million people: negligible in comparison with a staggering 1350 cases per million Italians or 258 cases per million Americans. The timely decline in oil prices, shall … [Read more...] about Opinion: Covid-19 impact on Indian economy and the auto industry – What’s ahead of us?
"This was an incredibly difficult decision but it was necessary to stabilize our social service organization for the future," said Goodwill Manasota President & CEO Bob Rosinsky. "It is our hope and expectation that taking these actions swiftly and decisively will position us to fully reopen, resume services, and rehire those impacted when the global health crisis subsides." … [Read more...] about Coronavirus impacts force Goodwill Manasota to reduce its staff
Penguins Foundation Executive Director Jim Britt said: “We want to thank our fans for once again coming through to assist residents of our community who are in need at this difficult time.” … [Read more...] about Penguins Foundation Donating Money Raised Through Jersey Auction To Groups Helping People Impacted By Coronavirus Outbreak
In a dash of bright news, Sony estimated that its gaming segment would experience "no material impact on this business for the current fiscal year." The company's current fiscal year ends on Tuesday, March 31, however. Looking ahead, the company warned: "Although no issues have emerged so far, Sony is carefully monitoring the risk of delays in production schedules for game software titles at both its first-party studios and partner studios, primarily in Europe and the U.S." … [Read more...] about Sony Outlines Coronavirus Impact on Music, Film and Game Divisions