current-affairs-based-mains-drill-8-september-2020

 

Q.1) As Corporate India faces a grave crisis due to the ongoing COVID-19 pandemic, which has effectively changed the entire landscape and circumstances that existed before its arrival in a sudden and unforeseeable manner, there is need to enact specialised laws and regulations to govern a seamless transfer to a post COVID-19 era. Discuss. (250 words)

Why this question?

  • 15.5lakh crore corporate loans come under stress due to Covid-19 impact.

Introduction: Mention the data regarding stressed assets due Covid-19 impact.

Body:

  • Recent RBI initiatives: Loan moratorium etc.
  • Current regulations for stress resolution: Kamath panel recommendations, IBC, Force Majeure.
  • Concerns with current regulations
  • Need for specialised laws to deal with Covid-19 effects

Conclusion: Summarize the above points and suggest a way forward.

 

Q.2) Recently, India crossed four million novel coronavirus cases. The ICMR’s latest advisory provides for testing on demand to “ensure higher levels of testing”. But a more nuanced approach to testing guidelines is necessary. Explain. (250 words)

Why this question?

  • The Indian Council of Medical Research (ICMR) has allowed testing on-demand for Covid-19 even as it has allowed states to adapt to the recommendation as per their requirements, Thus the question.

Introduction: Mention the rising coronavirus cases in india and significance of testing.

Body:

Current status/types of testing in India

Issues with testing on demand:

  • Less number of tests
  • False negative results from rapid antigen test
  • Low testing capacity

Conclusion: Summarize and suggest a way forward- balancing between RAT and RT PCR test.