ABSTRACT
Purpose: This paper aims to reveal the impact of the pandemic Covid-19 on the banking and financial sector. Covid-19 is a pandemic disease that's impacting all nations. However, its amount varies from one country to another depending on the country's social and economic infrastructure progress. The whole world is passing through great improbability. Indian economy is also facing equivalent issues from contraction in growth to rising inflation, unemployment and low demand. Covid-19 has impacted all industries worldwide, and the financial service sector is not any exception. Covid-19, which began as a health crisis, has now been appropriated as a financial one. Methodology: This study intends to showcase various new developments in the banking sector. In the present scenario, banks are focusing on utilising new technological innovations to reinforce their risk management competence. Since the aim is to analyse various latest developments in the banking sector and its impact during Covid-19, the focus is to collect the relevant and supporting material from every possible secondary source. To attain the main aim of this paper, the data are collected using secondary sources, i.e. data from the annual reports of the Reserve Bank of India (RBI), Security Exchange Board of India, Federation of Indian Chambers of Commerce & Industry, Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund (IMF), and the World Bank and various others sources. This is taken care of on the primary basis that the reliable and authentic sources are incorporated in this study. Since the study scope is limited to analysing the new developments in the banking sector due to Covid-19, the maximum literature available to attain the paper's objective is from 2020 to 2021. Findings: The banking sector is among the most crucial sectors of the Indian economy, which is accountable for almost every financial activity possibly happening within the country. It acts as a holding hand to the industry involved in credit, transactions, collection, etc. With the disruption of supply chains across the globe, numerous physical business places are closed. Banks are the backbone of the economy. Their stability is critical to continue the system up and to run. Practical implications: The banking sector aims to supply funding to anyone, say corporate or individuals. The decelerate pace can guide prospective job losses, ground stress in banks' retail loan books. The banks should design a plan to shield employees and their customers from its spread. It has hit the scope to individuals, small-and medium-sized enterprises, and large corporate. The only obvious thing is that every group has faced an income crunch that threatens economic and financial market permanence. Significance: The relevance of this study stands on the fact that Covid-19 has begun as a health crisis, quickly extended into a business crisis. This is often not only a health crisis but also depression. The outbreak of Covid-19 has created a huge impact on nations. The nationwide lockdowns have almost faded social and economic life. The global economy was hit hard by the continued coronavirus. The whole world is passing through great uncertainty. As a result, various services sectors, banking sectors, and financial services have suffered through various ups and downs, resulting in economic stress. The uncertain and risky environment has had a severe impact on banks' asset quality. The coronavirus outburst influenced financial markets and consumer emotions as well. © 2022 by Emerald Publishing Limited. All rights reserved.
ABSTRACT
Local governments consistently face challenges of economic depression and the unexpected events that precipitate them, such as COVID-19. The depressions leave governments taxed for resources, infrastructure, and time. These depressions are often helped by large infusions of federal grant dollars, otherwise known as stimulus-oriented granting. Key variables in determining success in spending these stimulus dollars include government structure and different forms of capacity. These are traditionally tested characteristics that governments already possess. What we know less about is how governments take advantage of these spending opportunities without regard to the resources that are under their control. This is referred to as entrepreneurial orientation. Using the American Recovery and Reinvestment Act (ARRA), this study tests the effect of entrepreneurial orientation, form of government, and capacity on local government spending of federal grant dollars, specifically in stimulus-oriented granting. This study has implications for other stimulus-oriented granting, such as the COVID-19-motivated, Coronavirus Aid, Relief and Economic Security Act (CARES).
ABSTRACT
The Covid-19 pandemic has caused severe economic depression and has disrupted the supply chains of various industries. The automobile industry which contributes significantly to the Indian economy was gravely hit due to the lockdowns, semiconductor shortage and the uncertainty associated with the pandemic. This research paper analyses the effect of Covid-19 on the automobile sales in India using the time series modelling approach. The data recorded by SIAM from 2012 to 2019 was used to develop the Autoregressive Integrated Moving Average (ARIMA) model following the Box-Jenkins methodology. ARIMA model (2, 1, 3) was chosen as it had the lowest AIC and BIC criteria. This model was used to forecast the sales from 2020 to 2021 to give a picture of the expected automobile sales had the pandemic not occurred. The forecasted data from the model developed has then been compared with actual automobile sales data during the pandemic to gauge the level of impact Covid-19 had on the Indian automobile industry. The paper also explores the associated challenges that the automobile industry had to face due to the pandemic. © 2022 The authors and IOS Press.
ABSTRACT
The coronavirus disease of 2019 (COVID-19) generated a crisis;however, it also gave us an opportunity to imagine the future and build a better world. Moreover, as we are convinced of the importance of understanding the lessons of history when facing both current and future challenges, this chapter seeks to present a concise overview of global crises since the end of the nineteenth century and to show crises for which we ignored the warning signs and wakeup calls, the consequences of said crises and how we managed to recover and thrive in several cases. Ultimately, we seek to justify the capacity of humanity to build a sustainable future-ideally, a regenerative future. © 2022 Emerald Publishing Limited.
ABSTRACT
In complex systems such as a food supply chain, where integrated flows of materials and information take place beyond the boundaries of individual companies, a substantial degree of inherent uncertainty cannot be avoided. That uncertainty may increase significantly when unexpected disruptions occur. Evidence of this is given by the recent - and still ongoing - crisis due to the coronavirus pandemic (commonly known as COVID-19), which is expected to create an economic depression even more severe than the 2008 financial crisis. This has been already observed in some economic sectors such as travel and tourism, food and agriculture, retail, healthcare systems and academic institutions. This paper grounds on a bibliographic analysis of articles and studies that have already been conducted about the impact of COVID-19 on supply chains and logistics processes, with a specific focus on the food systems, with the purpose of gaining a better understanding of this topic and of finding out how it may develop in the coming years. From the literature, a questionnaire was delineated as used as the basis for carrying out an empirical analysis on this topic, by means of an interview with a company working in the food sector. During the interview, the (medium-term) consequences of the pandemic on the food supply chains are investigated, focusing on logistics processes, whose stability has been challenged by numerous factors. The findings of the interview are presented and discussed, with the ultimate aim to highlight how COVID-19 has contaminated the logistics functions, definitely changing the way of approaching and acting within a supply chain. A series of reflections about the results obtained from the various research studies carried out, providing suggestions for possible future developments are finally presented. © 2022 The Authors.
ABSTRACT
A study conducted in March 2021 by the United Nations Development Programme and the Pardee Center for International Futures at the University of Denver estimated that the multi-dimensional effects of the Covid-19 crisis could drive over 1 billion people to be living in extreme poverty by 2030 (UNDP 2021) if no action is taken to mitigate the impacts of the crisis. This echoes wider concerns about the impacts of the pandemic on global needs and transnational solidarity. Against this background, this commentary proposes IPE research draws on analytical distinctions between (1) public and private aid;(2) the quantitative and qualitative aspects of aid projects;and (3) the different motivations driving aid to analyse the evolution of aid flows in times of pandemic. With these distinctions in mind, I argue that there are reasons to believe that, despite the global economic depression, aid volumes may remain relatively stable over the coming years. Nevertheless, the current pandemic may re-orient aid flows away from the most urgent needs, requiring scholars to focus more on the quality than quantity of international aid flows in the era of Covid-19.
ABSTRACT
The global health crisis linked to COVID-19 is putting our healthcare and economic systems to the test while also challenging the architecture of the social ties that connect us with each other, our way of “making society.” Parallels with the hygienist period of a century ago can aid us in seeing the interconnections between philanthropic initiatives and public regulations. Indeed, yesterday and today, the combination of a health crisis and an economic depression brings us to consider the value of life and the price of death. How are we to make these collective choices, for now and for the “world of after,” in a democracy of confinement?. © 2020, University of Alberta Library. All rights reserved.
ABSTRACT
Childhood vaccination is a highly effective public health intervention for reducing childhood mortality and morbidity. This review discusses the factors that have been shown to influence vaccination uptake in Africa. African countries should develop effective strategies to address failures and challenges faced with vaccination uptake and hesitancy for it to achieve high vaccination coverage and reduction of vaccine preventable diseases. This is particularly important because of the likely short-term decline in foreign aid due to the economic recession arising from the prevailing coronavirus disease 2019 pandemic.
ABSTRACT
The economic depression accompanied by COVID-19 pandemic has also had some adverse effects on people's mental health. 4 in 10 adults have symptoms of anxiety and depression, and these symptoms may continue to increase. In particular, the reported rate of mental health disorders among adolescents is as high as 56.2%. Recently, pet ownership has become widely accepted as a means of improving mental health. However, due to various reasons, the separation of owners and pets has also increased significantly. Therefore, we have developed a portable simulated pet "KEDAMA", which can be used in place of real pets, and can be customized with fur and sound. The price is relatively cheap and can be ordered easily. We conducted a statistical analysis on 20 users, and the results show that the "KEDAMA"has a positive effect on users' mental health. © 2022 IEEE.
ABSTRACT
For years, workers of an organization have strived to strengthen it and expand it with fresh concepts and strategies to accomplish new objectives. The layoff is, by definition, a spontaneous release from an institution, i.e. a compulsory resignation for certain purposes of employee categories, of permanent or temporary personnel (economic reasons, downsizing personal management). Outsourcing is a way of reducing costs and changing fixed costs to varying expenses for companies. It transfers work or researches to outside households, which lead to job losses. Finishing is a major business challenge, forced disconnected jobs and survivors. This sudden dismantling was triggered by the economic depression, which increased with corruption by governments. The COVID-19 spread around the world is further overcome day by day. When the layoff is mass, companies may notify the workers of the reasons for the reduction. Some hospitals issued departed personnel a warning for clarifying things and preparing the workers even though they could do serious harm. This form of warning illustrates a pandemic COVID-19 by delivering unemployment until layoffs explain the financial downturn for workers. Certain hospitals and organizations offer warning without consideration about the discharged workers on the same day. Moreover, this existed in tiny clinics, where there were not very significant layoffs. Substantial government institutions, including A.U.B.M.C., B.M.G. and other hospitals, prefer cuts as a remedy. This research aims to determine the effect of forced termination health care institutions on survivors' effectiveness, performance, quality of service, and relational results.
ABSTRACT
This study aims to examine the effect of the psychological support rendered by the organizations to the employees during the COVID-19 pandemic phase in Bahrain. The term 'Corona Virus' came into the picture on December 31, 2019, in Wuhan, China, and then on, it has started spreading rapidly. Bahrain could no more be leading a normal life with its first case witnessed on February 21, 2020, and had to opt for 'work from home.' With the economic recession, the business sector was forced to cut costs, which has made them reduce the number of employees. Nevertheless, there has been psychological support rendered to the employees by the organization, which makes the crux of this study. The research objective was to study the impact of demographics on selected factors: work culture, job security, and psychological support. Further, the study also adds new observation to knowledge by identifying psychological factors considered by respondents as most needed during this covid-19 pandemic. The study was conducted using a self-designed questionnaire based on a 5-point Likert scale. The data were collected using a convenient sampling method for selected corporate companies in Bahrain. Further, semi-structured interviews were conducted one-to-one to understand the respondents' experiences. Statistical Package for Social Sciences (SPSS) was used for data analysis. Variables were tested for the significance of the relationship using the Pearson Chi-Square test. Further, factor analysis was also used to understand which factor is considered the most important in contributing to the psychological support provided by employers to employees. The results encapsulate that the psychological support from employers to employees plays a role in inculcating a sense of belonging to the organization and self-esteem development, contributing to the well-being of the self and the family, a harmonious society.
ABSTRACT
Suicide increment during and afterwards a pandemic is highly common. The objective of the article was to report the prevalence and epidemiology of COVID-19 suicide cases in Pakistan for the first time. Most of the suicides occur due to: lockdown-related economic recession, fear of infection, and lockdown-related unemployment greatly aggravates the life-threatening situation.