Economy

Handling COVID-19: Learnings from around the world and what to expect

While most developed countries are reeling under the attack of the coronavirus, there are some smaller or less developed countries that have been successful in containing the pandemic to an extent. Whether this is enough or whether more can be done, is a debatable matter. What we need to understand is that there are several lessons we can learn from them to know how they have bounced back from the crisis. From what we hear, venture capital activity has been resurgent at a time when the world is struggling to stay on its feet. This means that business is optimistic…

Multi-sided platforms: The New Promising Business Model

While virtually every kind of business, barring essentials and a few other industries, are showing a significant downtrend in earnings, there is one business model that seems to be going from strength to strength. This is the multi-sided platform business, and it could be your way out of the economic slowdown that is looming ahead of us. Most importantly, with household incomes expected to come down, they will be looking for bargains, which will help them conserve valuable cash. Hence platform businesses that offer them well-priced products will be much in demand. Uber Eats is an example of a company…

COVID-19: Real Estate Dynamics Has Changed Forever

Two’s a company, but three is a crowd. That’s going to pop into our minds every time we step into the crowded elevator of our building or a crowded office conference room. Things will never be the same again. The COVID-19 pandemic will be deeply ingrained in our minds for a long time to come. Social distancing will be top of mind for everyone. Naturally, people will get choosier about where they live and where they work. Since lockdowns will be prevalent until the pandemic ceases to take its toll, home is where you will be for a longer time.…

COVID-19: HNIs, Startups, and Businesses to The Rescue

It is heartening to see a world united in its fight against COVID-19. While countries are collaborating and learning from each other, startups and established businesses are also coming forward with innovative and effective ways to fight the pandemic. Tycoons and industrialists are putting their best foot forward too. India has released medicine to the US and is also considering helping its neighbors with the same, while China and other countries are supplying respirators, masks, gloves, etc., and a host of other materials needed in this fight. Here are just a few names that come to mind. The list is…

COVID-19: Ideas for Immediate Implementation

A woeful shortage of hospitals and health workers need not paralyze us into inactivity. In a country like India, there is no shortage of resources if one is willing to look for them. We are a country known for its jugaad, so why not live up to our reputation? Let’s put our heads together and come up with some innovative ideas to solve this crisis. Here are a few that we can start with. Use the services of retired doctors and medical students Ask all retired doctors to come back to service and begin practice. Lift all restrictions that do…

COVID-19: Is Home-Hospitalization the Solution?

With the pandemic showing no signs of slowing down, there is an urgent need for more hospital beds across the world. Hospitals are falling ruefully short of funds and space at the same time, not to mention the shortage of health workers. Although India has made a valiant effort by converting schools, colleges, and even trains into hospitals, there is yet another idea that can help on this front. Treat the patient at home We can encourage the treatment of the patient at home whenever the patient’s house is big enough to accommodate a separate room that can be cordoned…

COVID-19: How it will improve the world’s viewpoint

While COVID-19 has scared and scarred us at the same time, the good news is that we can now see a brighter future for humanity. This will give an immediate impetus to the environmental improvement initiatives, not only in India but all across the world. Let’s take a look at what positive measures we can expect soon. Ready for future pandemics The COVID-19 pandemic is a wake-up call for the world to have facilities and infrastructure in place to better tackle such situations in the future. It is not acceptable that we will probably have to wait 18 months for…

COVID-19: 10 Lessons from Kerala to The World

Friends, India is undoubtedly an inspiration to the world during this crisis. There are so many examples of how a nation of more than 1.3 billion is coming up with an innovative and thoughtful way of handling the situation. One state stands out in this situation. The way Kerala is managing to contain the pandemic is inspiring every other state and even other countries. Here are a few ideas that others can pick up from the state. Walk-in sample kiosks Healthcare workers are most at risk as they are at the forefront of this fight against the virus. We keep…

COVID-19: How to Successfully Manage Personal Finances

These are times when we need to be extra careful about how we handle our finances. On the one hand, some companies have started laying off employees because of the drastic fall in business during the last couple of months. So we need to be prepared for the worst. The good news is that we can all start managing our finances better, and that should see us safely through this crisis. Here are some tips on how to manage your money and keep your debts under control, at least until the economy is set to revive. Never panic Don’t do…

COVID-19: How Is India Helping The Needy?

While in some countries, different states are showing various reactions to the pandemic, almost every state in India is taking the situation seriously. State governments all over the country are helping the poor and needy, especially daily wage earners who are the worst hit during the lockdown. We take a look at how each of them is dipping deep into its pockets to come up with the finance and resources to tackle the situation. They are certainly making India proud. Delhi, Hyderabad, Kolkatta, Uttar Pradesh, Haryana, Maharashtra, Punjab, and Himachal Pradesh are providing financial assistance to compensate those in need,…