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Good
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S.Bagya
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Pavithra.R
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Prashant Parashar
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Kalaiselvan.G
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MUTHU PANDI R
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Tuesday, May 26, 2020
R MUTHU PANDI
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R MUTHU PANDI
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Tuesday, May 26, 2020
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Thursday, 16 April 2020
ARTICLE COMPETITION
Thursday, April 16, 2020
IMPACT OF LOCKDOWN ON BUSINESS/INDUSTRIES
Corona or
covid 19 virus is an evolved virus of 21st century. It is said that it is
evolved from a very deadly virus known as sars(severe acute respiratory
syndrome) which surfaced earth in 2000s.it was called as COV 1 and in december
2019 this virus again surfaced earth after an evolution with more deadly
effects and because of its severe effects it is known as covid 19. It transfers
from human to human body and that is we many countries have decided to lockdown
the country to control or break the chain of transferring virus because of
failure of the trial every antidode and vaccine made to defeat covid 19.
Lockdown
is necessary to fight against covid 19 but it have very worst effect on
business and industries because of the lockdown only the microworkers and the
deskjob employees can work from home but if there is no manpower to work for
the production of any how can any industry produce any product.
And if
there is no production then only online service provider companies, software
companies and entertainment companies like- tata sky, tik tok, facebook, zoom
video conference, instagram will have profit because their employees can
work from home these companies are run by brain power and employees can
complete any task from home. But the companies which run on man power or
production in industries are facing a big loss because these type of
companies which run on material consumption and production have to sell
products to earn profit and pay the interest for the loans they for the investment for the production because
most business owner use this strategy for their business and if the consumption
of the product is reduced then the company will face loss even if the company's
product is in high demand then also the company does not have any manpower to
run industry because of the lockdown. So every company or business which
runs on material like TATA, MARUTI, PARLE, will face loss either their product
is in demand or not because their is no manpower to run industry because of
lockdown.
Companies
which provides services like OLA, Uber, ZOMATO, SWIGGY, will face a tremendous
losso because during lockdown no one can use their service during lockdown
these companies cannot even make a single rupee because their is no one to use
their service and again this is the same cycle but with slight
difference. their service is like their product but during lockdown their
product is not getting consumed by anyone.
So they
are not making any profit but facing a tremendous loss. Every business works on
this cycle even the software business or entertainment business like the
viewers who are watching tik tok video are giving profit to the company. The
company gave a product tik tok and the viewers who are using this app are
the consumers just like the material industries but the entertainment
consumption is not reduced like a material consumption but unfortunately it is
increased so the corporate companies who are facing loss are the companies
which runs on manpower and consumption.only in india the corporate world facing
26 billion dollar loss every week because of this lockdown.Airline companies are
facing a tremendous loss because the international flights and even the
domestic flights are banned during covid 19 outbreak every coutry is following
a strategy that STAY HOME STAY SAFE to fight against covid 19 and this is very
important until a cure is found and so the travelling companies are in the same
condition. Airline companies have to pay for maintainence and parking charges
on airports again but they are not making any profit because all the flights
are banned during covid 19 outbreak
and
this condition is same for travelling companies their vehicles are also
not running because of lockdown.Covid 19 made an tremendous effect worldwide.
The corporate world is facing a tremendous loss worldwide because of lockdown
but to save humanity this lockdown is very important and everyone should follow
it to stay safe because COVERING THE LOSSES IS BETTER THAN COVERING
BODIES.
AUTHOR
Deepak Singh
4918304
Btech ece 4th sem
ARTICLE COMPETITION
Thursday, April 16, 2020
Impact of lockdown of economy
INTRODUCTION
On December 31, 2019, a strange new pneumonia of unknown cause was
reported to the Chinese WHO Country Office. A cluster of these cases originally
appeared in Wuhan, a city in the Hubei Province of China. These infections were
found to be caused by a new coronavirus which was given the name “2019 novel
coronavirus” (2019-nCoV).
It was later renamed “severe acute respiratory syndrome
coronavirus 2,” or SARS-CoV-2 by the International Committee on Taxonomy
of Viruses on February 11, 2020. It was named SARS-CoV-2 because the virus
is a genetic cousin of the coronavirus
The unofficial name for the virus is “the COVID-19 virus.
Purpose:-
Covid-19 is the biggest
health, social and economic emergency.Our first responsibility is to save
lives.Do not attend any gatherings. Avoid places of worship. Pubs, clubs, gyms,
cinemas and theatres should all now be closed. Restaurants and cafes must be takeaway
or delivery only. Leave your home only if you really have to – to buy food and
other essential items, to take a walk or exercise at a safe distance from
others.
Life has changed and we all have to learn to live very differently
for a while. We all have to learn how to use technology to keep in touch with
loved ones. We’re going to become experts on the latest must-watch TV series!
Work from home: Challenges n prospectus:-
Flexible workplace: To the extent possible, the employer should
rotate its staff, reduce the number of people who need to be in the office, and
try to implement a "work from home" policy for those employees who
can manage their duties remotely. Also, if any employee expresses concern in
attending the office, the employer should try and mitigate the employee's
concern, failing which the employee should be permitted to work from home, if
possible.
But many challenge face a employer work at home:
Another challenge faced by the financial services industry is
that cash is still the primary means of payment. Managing ATMs and
maintaining them cannot be done from home. Cash logistics is another
challenge because replenishing ATMs with cash requires the
employees to be present onsite. Despite these hurdles, organisations
& teams have coped up very well during this lockdown period by
ensuring continuity of service & cash across India.
Security is also a concern. The finance industry, by its nature,
stores valuable information about clients. While such data is secure in an
office, when it is accessed at home, the chance that it might fall
into the wrong hands increases significantly. Most home-based networks are not
as secure as those in offices; hence data stored on home computers has a higher
likelihood of falling into the hands of cybercriminals. Furthermore, data
stored at home is vulnerable because visitors or family members may find and
misuse it. This is a severe challenge.
Another challenge faced by the financial services industry is that
social distancing measures have made it extremely difficult for
Feet On Street (FOS) to attract new
merchants. Also, other critical functions like treasury,
risk assessments etc. are difficult to execute from home.
Client meetings at home are neither recommended nor appropriate.
For financial services professionals, meeting clients at home does not help
bridge the trust deficit that arises when face to face meetings in offices are
impossible. The consensus view is that a house is not an environment where
professionals strike deals.
While employees have often worked from home in the past, companies
as a whole are still adapting to this new mandate since the lockdown
announcement. Companies need to become better prepared to execute Business
Continuity Plans during emergencies. The infrastructure necessary for BCPs
needs to be put in place.
Employees need to be oriented to work from home. At the same
time, employers also need to trust their employees that they will
work with the same efficiency from home as they do in the
office and have confidence that the data shared with
them will remain secure.
Conclusion
Work from home is an ideal solution when there is a lockdown. With
a work from home infrastructure in place, the nation’s economy is not adversely
affected, and citizens’ health is not compromised. Learning from the present
situation, Indian organizations will be ready for such eventualities in the
future. This will lead to the creation of a better infrastructure which will,
in turn, make working from home more manageable for many more people in the
near future.
The way the digital ecosystem has advanced in India, many
financial services can be done online without the need to visit the bank
branch, the office of an insurance company or a mutual fund house. Workers
and professionals in India are highly skilled, motivated and ambitious to
succeed. Given the fast-growing digital transformation in the public and
private sector, the businesses are expected to run without much hindrance and
interruption even in difficult times such as these.
AUTHOR:
Prachi
Roll: 49170111
Impact of lockdown of economy
