The same is likely true at a societal level. If all the sacrifices people are making pay off in the form of lower infection rates, people will point to those low rates as evidence that the sacrifices weren’t actually necessary. Such a pattern has been documented among anti-vaxxers, who claim that low rates of diseases that are vaccinated against are evidence that the vaccine wasn’t needed in the first place. … [Read more...] about Quarantine fatigue is real: Why Americans are tiring of social distancing and handwashing
Best way to get leads in real estate
When our body contracts an infection, it automatically produces antibodies to fight off that infection. Otherwise, vaccines, which often carry the disease-causing microorganism in a dormant or inactive state, help the body produce those antibodies so as to protect an individual from catching the infection, making him/her immune to it. Besides, if an individual is immune to a disease, he/she cannot pass it on to others. … [Read more...] about In-Depth: Is Herd Immunity our best bet in the fight against coronavirus?
All of us have had to give up our extravagances, our little sins, our dark pleasures. If not pay-cuts or joblessness, there’s the knowledge of utter penury killing millions on the streets. These are somber times, yes, but also a period to set the frivolous and the fancy apart from bare necessities. While ABBA sang to us in our childhood, money, money, money… it’s a rich man’s world, our teachers did say in that boring way of theirs, health is wealth. … [Read more...] about Someone do the costing
Some sectors (such as real estate) were facing difficult times even before COVID-19 hit us. I think government and/or banks should provide relief to businesses that were profitable before the pandemic. For restructuring, we need to know the full impact of lockdown on certain businesses. Since that situation is still evolving, it's too early to chalk out restructuring plans. As of now, we need temporary measures to keep businesses functioning (such as moratorium extension, easing access to working capital etc). … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
In the Rs 20 lakh crore fiscal stimulus announced by the government, there is a credit line to MSMEs worth Rs 3 lakh crore which is going to be 100 percent backed by CG and covers both interest and principal. Additionally, the government plans to provide Rs 20,000 crore of subordinate debt to MSME promoters which could be used as equity. The government will provide Rs 4000 crore to CGTSME which in turn will provide partial credit guarantee to banks under this scheme. The other schemes provide full and partial guarantees to NBFCs, HFCs and MFIs to enable them to raise liquidity and capital. Thus, we are back to not just CGs but the possibility of multiple CGs being governed by multiple agencies. … [Read more...] about Credit guarantees of 1970s make a comeback