A FEW PRECAUTIONARY MEASURES PROTECT YOU FROM COVID-19

The coronavirus spread so quickly across the globe that it hurt our socioeconomic life very severely, which creates a new territory of uncertainty where each country faces new challenges and unprecedented crisis.

A virus has taken away all our happiness and ruin human being day to day lives and future luxury planning. Social anxieties are concerned today due to prolong lockdown. Social distancing increasing the suicide rates in America. The unprecedented unemployment evolves mental health, and widespread anxieties, fear, and isolation create new challenges in life.

In the current situations, we know that the coronavirus problem can never be solved quickly, which may take one year and more to reach the end stage of an outbreak. Protection from the virus saves our lives. India’s people play a vital role in limiting the spreading of the virus by sharing the travel history, maintaining social distancing till the end of the pandemic, and properly operating in the Arogya Setu App on the mobile

The aftermath of COVID-19 may hurt us every day. We all should prepare to face significant challenges in the forthcoming days in our day to day life.

What you have to do after lockdown?

• Take care of your body & mind by doing moderate exercise and yoga every day.
• Avoid touching your eyes, nose, and mouth, because once contaminated, your hands can transfer the virus to your eyes, nose, or mouth. From there, the virus can enter your body and infect you.
• You can reduce the infection of COVID-19 at your home by doing a practice to wash your hand frequently and thoroughly with an alcohol-based hand rub or wash them with soap and water and also maintain physical distance with all family members.
• You can protect yourself at the workplace by wearing masks all-time in the workplace and avoiding physical contact with colleagues and guests.
• You always use food & water, which is prepared by you at your home.
• Try to use your conveyance and avoid crowded places as well as public transport.

Govt has recently announced a massive stimulus package to overcome the liquidity issues in the market.The stimulus package of the Government of India for Rs.20 lakh crore unveiled from 13.05.20 to 17.05.20, which failed to lift the market sentiment.

Some analysts noted that most of the announcements made were in the form of a credit guarantee, and the direct spending of the stimulus package is relatively small, and there could be doubt about whether economic growth will be revived soon.

We know during this lockdown how to do better social distancing and experienced how to deal with others in society. These precautions are the ultimate step today to control this epidemic.

Impact of coronavirus in Human Life

The pandemic and the nationwide lockdown have pushed the Indian economy into a recession of uncertain magnitude. As the economic contractions turn into a longer-term economic depression, the organization has to cuts the expenses to sustain its business in the long-term.

All the state governments fight against Coronavirus because there is no remedy and their exchequer almost nil due to non-received of taxes and duties in the last two months of complete lockdown and street vendor and migrant labor fight against survival.

The lockdown of plants & factories has a cascading impact on the economy, which could create a vicious circle of lower corporate Capex, weaker consumer demand, and an unprecedented level of unemployment. The effect of Coronavirus not only halt the growth of the world economy but also change business models and strategies. 

It was severely impacted in supply chains, logistics, and the suspension of operation for almost all companies (small, medium, and big). As a result, several business enterprises are being forced to reduce their employees’ wages and salaries. On the other hand, some companies are persuaded to top management 20 to 25% of salary cuts and motivated unpaid leave for middle management. A few companies are also terminating their employees selectively due to cash crunch. 

The gloomy economic outlook, shortage of labor, liquidity, and adverse business sentiment threatened several workforce livelihoods in India. The government brings out advisories directing to public and private companies to refrain from terminating services of employees and declaring layoffs. 

Works play a critical role in the transition to a sustainable economic recovery as they provide earnings and livelihoods, enable social cohesion (dignity & self-respect) and contribute to GDP. Almost 40 to 50% of employment contribute by the five largest sectors, such as manufacturing, construction, wholesale and retail trade, repair of motor vehicles, transport & storage, and education, were severely affected due to the pandemic. The country’s unemployment rate suddenly increased to 23.5% in April-May 2020 due to nationwide lockdown.

Credit rating agencies and the World Bank have downgraded India’s growth for the fiscal year 2021. Recently, RBI Governor indicated that the GDP growth would remain in negative territory. The combination of fiscal, monetary, and administrative measures will create conditions that will enable a gradual economic revival in the second half of 2020-21.

Hope for U shape recovery in the economy and W shape recovery in the capital market. The financial market may remain volatile, financial services disrupt, and the travel and hospitality industry may continue to remain under pressure at least one and two years.A consensual approach is to be adopted for the livelihood of the employees and the organization’s survival.

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