World economy has already been hit by recession owing to the corona virus crisis. Various estimates show that a deeper recession is looming large. Much of the reason behind the recession is accredited to draconian measures such as complete lockdown opted by the governments around the world to contain the contagion. Nevertheless, reckoning that the recession could have been completely avoided if these measures were not placed would be a biased analysis. But, if not for the lockdown, severity of the recession would not be the same.Continue reading
Recently the Council of Ministers approved of a criterion regarding the vehicular movement pass for industries. As per the criterion, the Department of Industries will be granting pass for industries while the Department of Commerce Supplies and Consumer Protection will be responsible for passes regarding goods transportation.Continue reading
If the idea behind ‘selective relaxation’ is to enable enterprises to conduct their business, the ‘time-card’ model is a bad policy – a policy that should be scrapped at once.Continue reading
This question lingers in the minds of many.
Levitsky and Ziblatt in their book, “How Democracies Die” depicts four characteristics of an authoritarian behavior:
- The rejection, in words or action, of the democratic rules of the game
- The denial of the legitimacy of political opponents
- Toleration or encouragement of violence and
- A willingness to curtail civil liberties of opponents, including the media.
Forty-two days into the nationwide lockdown, the focus of the government rests upon flattening the curve – as it should be. But the simultaneous economic quarantine has managed to bring all sorts of economic activities to a grinding halt. At the most telling fronts, it has taken a hit on the GDP, escalated inflation, surged unemployment and disrupted livelihoods of daily wage laborers who have little to no economic buffer.Continue reading
Amidst the fear of rapid contamination of COVID-19, almost all countries around the globe have adhered to strict measures that restrict the movement of the people. Continue reading