"We have people coming through to do short courses and informal training, particularly around technology, which helps them get back into the workforce if they've been away for a period of unemployment," Australian Library and Information Association (ALIA) CEO Sue McKerracher told AAP. … [Read more...] about Libraries, museums to help COVID recovery
How technology is affecting society
Even if you lift lockdown, it is not going to revive economic activity immediately because consumption will not revive, so demand will not. Investment will not revive, therefore demand will not revive. Only the government is spending, but it is going to lose massive tax revenue. My estimate is that the economy will not recover to January 2020 levels for several years because we are into a deep depression. It is not going to be a V-shaped recovery, it is going to be a shallow U-shaped recovery. But suppose very optimistically we go back to January 2020 in a year, then the average rate growth from (-)75% to 0% means we will have a (-)37.5% rate of growth of the economy. If the rate of growth is (-)37.5%, Tax to GDP ratio will become half of what it was earlier. It is easy to see why. GST collections largely come from non-essential goods and sin goods, those in 43% bracket, 28% and 18% brackets. Essentials are in zero per cent or five per cent brackets. … [Read more...] about Can India’s workforce have a safe return to business?
The coronavirus pandemic has affected just about every area of our lives. Prior to the announcement of the pandemic, the furniture industry's growth had traditionally been thought of as unstoppable, as sales could come from a variety of sectors, namely - from traditional channels or through the private and public sector, and commercial office spaces among others. The logic behind this assumption is that rising expenditures on listed sectors expands the revenue of the furniture industry as almost no brand across industries goes without the basic need for furniture. In this way, the furniture industry is one of a kind that supports the other sectors of the society. The coronavirus pandemic has caused a lot of damage to the industries but even during the present crisis industries are trying to innovate to keep up the growth of the businesses. In fact, the office furniture business - a marketplace that has always been on an upswing requires a strategic algorithm of ethics, craftsmanship, … [Read more...] about What is the future of the furniture industry post COVID 19?
By Kamal NarayanCEO, IHW CouncilIt is clear by now that the ongoing corona virus pandemic, which has affected nearly four million people and have devastated leading economies across the globe, will have a lasting impact, like many of its predecessors. The biggest change, however, is likely to come in our behaviour and attitudes, as any large-scale health crisis has induced shift in human behaviour. Quarantine, the word most of us are well-accustomed with now, was one such shift in behaviour developed when Black Death ravaged Europe and claimed a third of its population. The process of keeping any vessel coming from affected regions away from Venice is one of the first instances of isolating healthy humans from potentially infected ones. Interestingly, after the Europeans brought viruses and bacteria, such as smallpox, measles, typhus, and cholera, to the ‘New World’ and for which Native Americans had no immunity, the US Congress passed a federal quarantine legislation in … [Read more...] about Covid-19 : Shift in attitudinal and behavioural paradigms is the new reality