The third issue is relapse of the infection. There have been reports of the coronavirus infecting an individual after he/she has already recovered from COVID-19 once. Hence, it is yet not certain if the antibodies developed against coronavirus for the first time are effective in fighting it off the next time. The notion has been emphasized by the World Health Organisation as well. With individual immunity not proven yet, Herd Immunity is shrouded with doubts. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
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With companies and employees still suffering across the country as a result of the coronavirus pandemic, the U.S. House of Representatives yesterday passed a new bill meant to address one of the biggest complaints about the federal loan program for small businesses—how they can spend the money. Under the bill, which passed the House almost unanimously and will head to the Senate next week, some restrictions for the Paycheck Protection Program, or PPP, would be relaxed. Here’s a breakdown of what would change: … [Read more...] about Paycheck Protection Program rules could get easier under House bill: Here’s what it would do
The DICGC came to be fully owned by the RBI and the board strength was raised to nine. The Act provided for either the RBI Governor or the Deputy Governor (DG) heading the board, but tradition led to one of the DGs chairing the board. The integration of the two also allowed funds to be transferred from one arm to another in case of a financial problem. Indeed, in 1978, the CG fund had to be bailed out by the DI fund as the former had more claims to settle compared to the collected fee income. The claims had partly gone up as the guarantee cover had increased from 75 percent to 90 percent, which also led to a rise in moral hazard. … [Read more...] about Credit guarantees of 1970s make a comeback
For example, one study found that people were willing to pay much more to reduce a pesticide risk from 5 in 10,000 to 0 in 10,000 than from 15 in 10,000 to 10 in 10,000, even though the actual reduction in risk was identical. A similar study concluded that people were more attracted to a vaccine said to entirely eliminate a 10% risk for a disease than to one that reduced the risk from 20% to 10%. And a third one found that a vaccine described as 100% effective in preventing 70% of known cases of a disease was more appealing than one that was 70% effective in preventing all cases even though both would have the same net effect. … [Read more...] about Quarantine fatigue is real: Why Americans are tiring of social distancing and handwashing
Lately this week, India has started to catch-up with the world equity market. India has factoring all the merit & demerit of the stimulus announced by the government. Now, it is anticipating a better economy in Q2, which may be partially opened while a full opened economy could happen by H2FY21. … [Read more...] about Market still expects more reforms for corporate and sectors that are highly impacted by COVID-19