The world economy is far from where it was in 2019. The economic growth of most of the countries is negative though better than the last quarter. The negative impact of COVID-19 on the financial well being of the countries and masses is yet to be eradicated. The story of the year 2020, without any doubt, is the story of a disease that caused immense pain to humanity. The COVID-19 pandemic and its effect is the main story of 2020, but some other important events too made the headlines. Some important political events and horrific environmental disasters also took place in 2020. Let's take a look at some of the significant events of the year 2020, along with COVID-19.
The Aegean Sea lies between Greece and Turkey have a large number of Islets. Some of these areas around the islets are claimed both by Greece and Turkey. The primary reason for controlling an island by a country is to extend reach beyond its mainland and attain legitimacy to explore rich natural resources in and around the island. Although historically both the nations do not share a friendly relation vis-a-vis islets (claimed by both) in the Mediterranean sea.
Risk is real while risk management is a vague term. The uncertainty of the future events generally eats the return on investment. Understanding the risk and uncertainty is the only solution.
Two economic power houses and habitat of 40% world's population, India and China are on the brink of war due to border dispute. The war between these two countries can cause enormous pain on world economy and its growth prospects. Read the story behind the scuffle at Ladakh border.
The flaws in our social system are more visible than ever. In the last post, the prominent flaws in the current economic and other systems (Social, healthcare, and Environmental protection) appeared during the COVID-19 crisis have discussed. The critics of the system point out the widespread poverty and the gap between the rich and the poor. The other argument against the system is that it is biased the discrimination based on color, race, and religion hampers the development of human resources and its productivity.
he world has engulfed into an unprecedented economic crisis due to the COVID-19 pandemic. Initially, COVID-19 was started as a global health crisis with limited implications on the economy, but soon it became an economic crisis. The COVID-19 crisis highlighted the flaws in current prevalent systems. The Economic system, Healthcare System, Environmental protection, and Social System need immediate revamping for the continuous and healthy growth of the world.
The speculation of the Indo-China military conflict is on the rise since the standoff (May 05) between the Indian and Chinese Army at Pangong Tso Lake, Ladakh, due to the border dispute. Both countries had deployed relatively small units of Army opposite each other in the disputed region. The escalation of this situation into an Indo-China war cannot be ruled out, due to the history of India-China conflicts. The US President Donald Trump has recently tweeted that the US is ready to mediate between India-China to resolve the situation, arose due to border disputes. The border between China and India is not properly marked due to the Himalayan region. Both countries claims and counterclaims on territories occupied by each other, as their own, which causes border disputes.
COVID-19 crisis has brought many flaws in our system and society at the center stage. The current economic and administrative system proved incapable of handling the economic and health crisis simultaneously. It also reminded us that even after the struggle of centuries for social development, we are far from achieving the objective. The COVID-19 has... Continue Reading →
SARS-CoV-2 or Covid-19 is a zoonotic disease, meaning it has been passed from the animals to human beings. According to scientists, the number of emerging infectious disease outbreaks has more than tripled every decade since the 1980s. Approximately 70 percent of these emerging diseases in humans are of zoonotic origin, and there are 1.7 million undiscovered viruses likely to exist in wildlife. COVID-19 virus belongs to the family of viruses responsible for deadly diseases such as SARS and MERS. Diseases such as Ebola, HIV, swine, and avian flu are also zoonotic diseases. The reason for COVID-19, MERS, and SARS is the consumption of wildlife carrying the viruses.
esterday, India got glued to the Television Screen to listen to the address of Prime Minister Narendra Modi on COVID-19. PM Modi has made some interesting announcements, including a 20 Lakh Crore ($ 31 Billion) stimulus package to Industries, without further details. His main focus was to develop India into a self-reliant nation to weather financial crises in the future. He also talked about the problems faced by the workers of the organized sector and the suffering of common people during the lockdown. He also indicated that several busine