The US economy contracted at an annual rate of 4.8 per cent in the first quarter. Many analysts are terming this as the tip of the iceberg.
This is also an indication of what is in store for other economies. For instance, some economists expect the Indian economy to contract in the current fiscal year. Business Standard Opinion pieces for the day talk about policy and other aspects of Covid-19
There are strong reasons why the sanctity of the monetary policy framework should be maintained, notes our lead editorial Read here
At a time of looming economic and humanitarian catastrophe fiscal rectitude cannot be our priority, notes economist Pranab Bardhan Read here
Given the deep-seated prejudices of Indian society, it is possible to predict the resurgence of the pervasive gender bias, as the pool of available jobs shrinks, writes Kanika Datta Read here
Like it is in many other countries around the world, the government should come out with broad guidelines on what should remain open and what should not, writes Nivedita Mookerji Read here