Economy

Then there are the states that are opening back up without having complied with public health guidelines. Then there are politicians and protesters who are constantly denying expert opinion about how reopening too soon could cause a second wave of the coronavirus that’ll be worse than the first. Then there are people resorting to violence over being told to wear a mask. It’s all incredibly bleak. … [Read more...] about These hilarious memes reveal our anxiety about reopening the economy

Under the best of circumstances, the impact on children will still be significant. Students will lose most of a year of learning as parents — their new untrained teachers — cannot supervise in any meaningful way while Zooming in to the office. At best, the kids will be crabby and stir-crazy as they don’t get enough physical activity because they’re now tethered to their parents’ workspaces all day, running around the living room in lieu of fresh air. Without social interactions with other children, they constantly seek parental attention in bad ways, further straining the mood at home. And these are ideal scenarios. … [Read more...] about In the COVID-19 economy, you can have a kid or a job. You can’t have both

India launched an unofficial import ban on Chinese goods and products after soldiers from both countries clashed along the Line of Actual Control (LAC) in Ladakh, leading to the death of 20 Indian Army personnel.  All items coming in from China are now subject to 100 percent manual checks by the Customs Department at points of entry such as ports and airports – the exception being goods ordered by US and South Korean companies. … [Read more...] about Indian garment industry could suffer due to import ban on Chinese goods: Report

But the market seems to have shrugged off virus concerns. Both the Sensex and the Nifty have rallied more than 30 percent from their March lows, surprising experts who say it is frothy and fundamentals are still not strong. The Indian market, they say, is dancing to global cues.Here is how it stacks up: … [Read more...] about Rising virus cases, rising stocks: Markets shrug off pandemic worries

50 million cubic litre water from Upper Vaitarna released for Mumbai: Jayant Patil Scientists decode how smell, taste sensation loss in COVID-19 patients improves with time China reacts to PM Modi's Ladakh visit, says 'avoid actions that may escalate tension' … [Read more...] about Five PSBs could have over Rs 8 lakh crore worth loans under moratorium: Report