The Coronavirus Thread Part 2

[GunnerY2J]

7 minutes ago, Right said:

 

Which city are you in?

 

In Bangalore, I have paid roadside cobblers also with PhonePe.

Leave that, even Temples accept PayTm these days.

Nagpur, yes,

Maybe half of vegetable vendors who sit at one place do have Paytm but no one prefers it : buyer or seller.

 

This is a very small sample size but his reasons were accurate.

Not saying his estimation of number is right, just asked and that's what he told.

 

[rushab oswal]

12 hours ago, Big Boss said:

And this sick f**k opened up Pune because of pressure from traders:

Cant keep it locked down forever bro. People need money to eat and hence opening up is the only option left. Lockdowns are now useless, the faster the government understands this the better.

[rushab oswal]

2 hours ago, GunnerY2J said:

How many vegetable vendors you know use Paytm : hardly one or two I know, most don't and even if they have everyone prefers cash.

Zero in my city. Street side food carts have started it . Paytm and bhim upi. Hope it picks up and its everywhere. Really hate to carry cash and all that "Chutte ke liye jhagda" 

[Big Boss]

Just now, rushaboswal said:

Cant keep it locked down forever bro. People need money to eat and hence opening up is the only option left. Lockdowns are now useless, the faster the government understands this the better.

Lockdowns have started again in few cities in Maharashtra as hospitals are unable to handle patients. In Pune pcmc area, the so called jumbo hospital is not accepting any new cases till Tuesday because it lacks facilities. Entire staff of main city's jumbo hospital resigned, so that's f**ked too. Deputy CM accepted that they were forced to start unlock in Pune due to pressure from traders and has accepted that entire city is facing oxygen shortage and many deaths are due to that. In one district, I think it was Sangli, the traders association has requested the administration to have strict lockdown till 14th September. Just saw in the news. 

 

Btw anyone has any data on deaths due to hunger in lockdown?

[rushab oswal]

2 minutes ago, Big Boss said:

Btw anyone has any data on deaths due to hunger in lockdown?

You cant have one because its impossible.

[rushab oswal]

3 minutes ago, Big Boss said:

Lockdowns have started again in few cities in Maharashtra as hospitals are unable to handle patients. In Pune pcmc area, the so called jumbo hospital is not accepting any new cases till Tuesday because it lacks facilities. Entire staff of main city's jumbo hospital resigned, so that's f**ked too. Deputy CM accepted that they were forced to start unlock in Pune due to pressure from traders and has accepted that entire city is facing oxygen shortage and many deaths are due to that. In one district, I think it was Sangli, the traders association has requested the administration to have strict lockdown till 14th September. Just saw in the news. 

Then again locking down does nothing! People still go about at friends places, family and trip around. The only thing it does is F***** up the businesses. For how many days are you going to be in a lockdown in an hope that everything will be fine , where the picture clearly shows something else. Lockdown are only effective if they are used to increase infra and other things which aint happening. We had a lockdown here in my city of 7 days. Cases before lockdown were 600 daily . After lockdown 700 daily , no effect of lockdown only thing got hurt was people who earn daily.

[hope]

1 hour ago, rushaboswal said:

Then again locking down does nothing! People still go about at friends places, family and trip around. The only thing it does is F***** up the businesses. For how many days are you going to be in a lockdown in an hope that everything will be fine , where the picture clearly shows something else. Lockdown are only effective if they are used to increase infra and other things which aint happening. We had a lockdown here in my city of 7 days. Cases before lockdown were 600 daily . After lockdown 700 daily , no effect of lockdown only thing got hurt was people who earn daily.

Sunday lockdown is good though. Atleast people will avoid flocking markets. I cant tell you how flooded eatieries were here on Sunday. 

 

Tier 2 cities are doing this already. Should be done. 

 

Many IT companies are increasing WFH from Dec to June now. 

[PhantomShade]

2 hours ago, rushaboswal said:

Then again locking down does nothing! People still go about at friends places, family and trip around. The only thing it does is F***** up the businesses. For how many days are you going to be in a lockdown in an hope that everything will be fine , where the picture clearly shows something else. Lockdown are only effective if they are used to increase infra and other things which aint happening. We had a lockdown here in my city of 7 days. Cases before lockdown were 600 daily . After lockdown 700 daily , no effect of lockdown only thing got hurt was people who earn daily.

 

41 minutes ago, hope said:

Sunday lockdown is good though. Atleast people will avoid flocking markets. I cant tell you how flooded eatieries were here on Sunday. 

 

Tier 2 cities are doing this already. Should be done. 

 

Many IT companies are increasing WFH from Dec to June now. 

 

No effect, shut down on one day and people will crowd the next.

 

4 month lockdown destroyed this country's economy permanently i think.

Our economy was in bad state before corona, this was the final strike.

This is an anecdote, but there were 3 shops in my locality, all three not doing all that well before lockdown, now 6 months later i see those shops are being emptied and being given on rent again.

Those shops probably would have survived long enough to turn things around( maybe ) otherwise

 

Lockdown has had an effect on the lives of much, much more people than any increasing case numbers   ever will

[Right]

This captures situation correctly:

 

 

[PhantomShade]

14 minutes ago, Right said:

This captures situation correctly:

 

 

 

There is also the 4th India made up of clueless and indecisive( you could call them policy paralyzed  ) politicians, bureaucrats and other govt functionaries in Delhi.

Probably most of them already putting their $$$ in accounts abroad.

 

Jokes apart though the sarkar needs to prepare a plan for 5-10 years from now, as i feel this corona fallout will have ripple effects long after it passes.

They need to find a new "root" employer sector like IT boom of 90s and early 00's which will create consoomers who will again create jobs for people in restaurant, retail, construction  etc  sectors.

[hope]

Just now, adity said:

I think as long as there is easy credit, we shouldn't take a long time to bounce back once things normalise. Some businesses may go bankrupt but there will be others to take their place as long as there is demand. But demand is dependent on employment and both of them feed into each other. Govt will need to come up with a solid plan to boost investments otherwise will be a rocky road to economic. 

Assurance of going out safely needs to come first. All conditions are after that.

 

 

[Bird Bird Bird]

Life is unfair, chaps. It was unfair before COVID, it will be unfair after COVID. Degree of unfairness depends on how wealthy you are, but it is still unfair for everyone. 

 

Help those you can. No point blaming the lockdown. There was no precedence, nobody knew what would happen, nobody was in a position to predict, and nobody knew how things would have gone if the lockdown was not in place. 

 

The least it did was spread awareness, and somewhat improved the healthcare system for marginally better load. 

 

Stay safe, be careful, don't be an a*s, and we will tide it over...possibly.

[PhantomShade]

34 minutes ago, Bird Bird Bird said:

Life is unfair, chaps. It was unfair before COVID, it will be unfair after COVID. Degree of unfairness depends on how wealthy you are, but it is still unfair for everyone. 

 

Help those you can. No point blaming the lockdown. There was no precedence, nobody knew what would happen, nobody was in a position to predict, and nobody knew how things would have gone if the lockdown was not in place. 

 

The least it did was spread awareness, and somewhat improved the healthcare system for marginally better load. 

 

Stay safe, be careful, don't be an a*s, and we will tide it over...possibly.

 

Possibly by 2022, by then we will have clocked some unfortunate negative growth rate like -3% like how SA, Brazil, Russia, Turkey do normally, the Chinese camped up till Leh, and who knows how many millions unemployed, starving, homeless or drowning in unpayable debt, and probably 2 lakh dead from corona 

 

I feel we are just at the tip of the iceberg of bad sh*t happening, it will get worst by next year, wish i get proved wrong though

[rushab oswal]

2 hours ago, adity said:

I think as long as there is easy credit, we shouldn't take a long time to bounce back once things normalise. Some businesses may go bankrupt but there will be others to take their place as long as there is demand. But demand is dependent on employment and both of them feed into each other. Govt will need to come up with a solid plan to boost investments otherwise will be a rocky road to economic. 

Nicely put. This is the same i feel, people want to spent but wont because they dont know whats next? What if another lockdown happens? Better save that money. Once everything open ups and governments really pushes it we will be back to normal in no time. Even if government does nothing the informal sector will help itself out but for that everything needs to open up.

 

3 hours ago, PhantomShade said:

No effect, shut down on one day and people will crowd the next.

Creating exactly double the chaos.

[rushab oswal]

1 hour ago, PhantomShade said:

Possibly by 2022, by then we will have clocked some unfortunate negative growth rate like -3%

Youll be surprised by how well we "MIGHT" do after this ends.

 

1 hour ago, PhantomShade said:

probably 2 lakh dead from corona

Feel really sorry about this but this is solely because of such huge population. Just imagine if no population law is brought what would happen of this country.

[PhantomShade]

34 minutes ago, rushaboswal said:

Youll be surprised by how well we "MIGHT" do after this ends.

 

Feel really sorry about this but this is solely because of such huge population. Just imagine if no population law is brought what would happen of this country.

 

Our population is an asset if used correctly, look at Cheenis.

This chinese flu whacked geriatric and infertile countries like Italy and Spain, but here even if total infected rise up to 60 lakh it won't make much of a difference, we have a lot of people.

 

Literally WW2 was won by Soviets and US because XL Population( by gora standards 80 years ago ) and Industry

[radicaldude]

1 hour ago, rushaboswal said:

Nicely put. This is the same i feel, people want to spent but wont because they dont know whats next? What if another lockdown happens? Better save that money. Once everything open ups and governments really pushes it we will be back to normal in no time. Even if government does nothing the informal sector will help itself out but for that everything needs to open up.

 

Creating exactly double the chaos.

Our medical infrastructure would totally collapse if a sudden spike in requirement of ICU beds happens. There needs to be a balance. Sudden opening of everything to pre covid levels is a recipe for disaster. 

 

Wealthy would get beds at appreciated rates and the poor would suffer. Ideally cash needs to be put in their hands directly. Indirect interventions are not effective. 

 

Once everything is opened up suddenly, people would stop following sops as well. That might trigger a health emergency. 

 

Though I like your optimism, but in few sectors normalcy won't come so soon. 

 

[Right]

3 hours ago, PhantomShade said:

Jokes apart though the sarkar needs to prepare a plan for 5-10 years from now, as i feel this corona fallout will have ripple effects long after it passes.

They need to find a new "root" employer sector like IT boom of 90s and early 00's which will create consoomers who will again create jobs for people in restaurant, retail, construction  etc  sectors.

 

I don't think this govt is equipped to do anything groundbreaking.

Neither they have people to think out of box nor the current condition supports anything drastic.

 

We need to drop repo rates....make the lending cheaper

I think Govt should push Real estate guys to clean up the inventory,

give heavy discount to stamp fee across India, give 3-6 months EMI holiday.

 

I don't think the Mission Atmanirbhar can kick off anytime soon, we need to just make do with whatever we have. 

[radicaldude]

16 minutes ago, Right said:

 

I don't think this govt is equipped to do anything groundbreaking.

Neither they have people to think out of box nor the current condition supports anything drastic.

 

We need to drop repo rates....make the lending cheaper

I think Govt should push Real estate guys to clean up the inventory,

give heavy discount to stamp fee across India, give 3-6 months EMI holiday.

 

I don't think the Mission Atmanirbhar can kick off anytime soon, we need to just make do with whatever we have. 

 

I agree with lowering of repo rates. But tha might not translate to lower borrowing rates. With NPAs rising, banks might just see that as an opportunity to increase their spread. 

[KnackChap]

55 minutes ago, PhantomShade said:

 

 

Literally WW2 was won by Soviets and US because XL Population( by gora standards 80 years ago ) and Industry

 

The bloodiest battle of the last century ( Stalingrad) was just the USSR throwing men after men after men without any thought or plan but they finally did hold on to it and drove the Germans aways. So yeah, population is an asset as well as a curse.