In the words of Shailesh Haribhakti, a veteran Chartered and Cost Accountant, an Internal Auditor and a Certified Financial Planner & Fraud Examiner who feels that all lending should become data-led after the Yes Bank debacle, "The monitoring system on every borrowing should become much tougher that has ever been before, any default should be immediately examined for route cause and eliminated through a concerted action of the entire ecosystem" –
Excerpts of Key Points shared are
In this article, the point raised is that whether the lockdown strategies implemented before the COVID - 19 episode give us any perception about handling the present situation?
The closest which comes to mind is the 1918 flu pandemic. In the United States, the government while declaring the flu as an epidemic closed schools, churches, theatres, etc. and ban public gatherings and isolated sick persons.
And, the response to the 1918 pandemic offers some valuable lessons. The imposition of aggressive social distancing and the various curbs as highlighted above helped curtained the situation from aggravating. However, the withdrawal of restrictions has to be done in a planned way so that the death rate may not escalate further.
Your password has been successfully updated! Please login with your new password
The link is unavailable for your login. Please empanel with the ID Databank to access this feature. For more information, email firstname.lastname@example.org or call 1-800-102-3145.