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

Articles By COVID 19 Pandemic

The Renewed Fear of Bad Debt

The evidence of a decline in the non-performing assets ratio in India’s banking system points to a significant improvement in the health of banks. However, this may have occurred partly through the use of write-offs that erode the capital base of banks and also because of the time-bound moratorium on debt repayments announced as part of measures to address the effects of the pandemic on small units and other selected borrowers. In the circumstances, even though new pandemic-linked lending to micro, small and medium enterprises was partly guaranteed by the government, a rise in the NPA ratios and further erosion of bank capital seem inevitable.

 

The Second Wave of Death and Disaster

India’s overzealousness to launch its vaccine diplomacy programme was preposterous. The crisis manager in the ministry of external affairs may run from pillar to post to procure vaccines but that cannot repair the damage their policies have had on the country. India despite being called the pharmacy of the world has failed to deliver the much-needed doses to its own population. It is time that we paused and introspected as the excessive securitisation of our foreign policy and its obsession with China will only lead to spending more on defence when we actually need to focus on economic and health sectors.

 

The COVID-19 Pandemic and A New Sociology of Social Distancing

An otherwise socially unacceptable and culturally sensitive phenomenon like social distancing has become a buzzword in everyday discourse due to the COVID-19 pandemic. In Indian tradition, the practice of reasonable closeness and acceptable physical proximity is valued as against the idea of isolation and social distancing. The upsurge in COVID-19 cases and consequent prescriptions for social distancing have pointed to an interesting and unnoticed sociological consequence of the pandemic alongside its impact on the economy and livelihood.