ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

COVID 19Subscribe to COVID 19

COVID-19 and Insolvency Law

The World Development Report (WDR), 2022 highlights the relevance of adopting effective strategies for maintaining the financial stability of a nation in the wake of COVID-19. The pandemic resulted in the shrinking of the world gross domestic product by 3% and increased global poverty after a long...

Durable Growth Revival

The recent growth recovery has been uneven as is visible across different sectors of the economy and different segments of the population. This unevenness is hurting the consumption of lower-income households and private investments, which are vital for sustained or durable growth.

Is Covid-19 an Exogenous Shock?

This note argues that COVID-19 is not an exogenous shock, but an endogenous shock, resulting from the interaction or exchange of human society with the animal world. Recognising the endogeneity of the COVID-19 shock is important to devise and adopt methods of mitigating future virus shocks, such as ensuring biosafety in livestock production or reducing the interaction of humans and domestic animals with wildlife. Dealing with the endogeneity of virus transmission is also important for developing an economic theory that recognises the co-creation and co-evolution of human systems within and with the natural universe.

Reviving the Lending Appetite of Banks

The flow of bank credit is crucial to revive the economy. The fear of potential asset quality woes has reduced the risk appetite of banks. Going beyond the restructuring support, banks need policy support by relaxations in prudential norms in the near term to be normalised in the next four–fi ve years. Coping with the adversities of the pandemic needs a collaborative policy support of all stakeholders to step up the lending appetite.

How Reliable Is Labour Market Data in India?

Public perception about the pattern of shock on the employment rate during COVID-19 is based on the Centre for Monitoring Indian Economy data, which is widely referred to in public debates, corporate policy-making, and banking sector. The question that crops up then is how reliable is the CMIE data on the labour market? Here, the examination of the employment ratio indicator of the Periodic Labour Force Survey and CMIE is extended to two another very important labour market indicators, that are, labour force participation rate and unemployment rate, and a comparison of the PLFS and CMIE is carried out to look at their trends and association.

The Debilitating Effect of School Closures

Innovative interventions are urgently needed to strengthen learning skills.
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