EFFECT OF COVID-19 ON ENVIRONMENT AND ECONOMY

EFFECT OF COVID-19 ON ENVIRONMENT..

Global shelter-in-place orders to battle the Covid-19 pandemichave resulted in a widely-reported climate benefit: cleaner air

in China and Europe. But the fallout from the global health crisishasn’t been uniformly positive for the environment. 

In the U.S., some cities have halted recycling programs asofficials worry about the risk of spreading the virus in recycling

centers. In particularly hard-hit European nations, wastedisposal options have been rolled back. Italy has bannedinfected residents from sorting their waste at all.

Industry has seized the opportunity to overturn disposable bagbans, despite the fact that environmental experts say single-useplastics can still harbor viruses and bacteria.Businesses that once encouraged consumers to bring their ownbags or containers have increasingly switched to single-usepackaging. In early March, Starbucks announced a temporary

ban on using reusable cups.

• UN URGES PLASTIC AWARENESS DURING COVID-19

LOCKDOWN...

• SO USAGE OF PLASTIC REDUCE..IT MEANS

ENVIRONMENTAL POLLUTION IS REDUCE DUE COVID-19..

There are ways to limit plastic waste during the COVID-19pandemic. May recommends simply carrying groceries straightfrom the basket or cart to your car if that’s possible. Paperbags are another alternative; they are still single-use, but at

least they’re compostable. And Schlegel tells The Verge thatone way to make reusable bags cleaner and more convenientin the future could be to implement municipal programs that

pick up residents’ reusable bags, sanitize them, and then return them to stores for reuse. Those solutions might not be availableeverywhere during this pandemic, but they’re worth thinkingabout as we prepare for what comes next. In the long run,protecting public health and the planet usually go hand in hand.

• PLASTIC POLLUTION COALITION RESPONSE TO IMPACT OF

COVID-19. 

There are ways to limit plastic waste during the COVID-19pandemic. May recommends simply carrying groceries straightfrom the basket or cart to your car if that’s possible. Paperbags are another alternative; they are still single-use, but at

least they’re compostable. 

one way to make reusable bags cleaner and more convenientin the future could be to implement municipal programs that

pick up residents’ reusable bags, sanitize them, and then returnthem to stores for reuse. Those solutions might not be availableeverywhere during this pandemic, but they’re worth thinkingabout as we prepare for what comes next. In the long run,protecting public health and the planet usually go hand ..

• POLLUTION DUE TO MEDICAL WASTAGE...

Medical waste is also on the rise. Hospitals in Wuhan producedan average of over 200 tons of such waste per day during theoutbreak, up from its previous average of less than 50 tons..

• WATER POLLUTION DUE TO COVID-19 .

China has asked sewage treatment plants to strengthen

their disinfection routines to prevent coronavirus from

spreading through sewage, mostly through increased use of chlorine. Some amount of that toxic chemical has found its way

into the nation’s drinking water, though the government saysthe concentration is under the current allowable limit of 0.3

milligrams per liter.

The ones that are celebrating the environmental improvementsduring the Covid-19 crisis are shortsighted,

” said Li Shuo, seniorglobal policy adviser at Greenpeace in Beijing. “Pollution may

temporarily decline, but this is hardly a sustainable way ofcleaning up our environment. Meanwhile, the virus crisis bringsother environmental problems that might last for a longer time and are harder to deal with.”...

 EFFECT OF ECONOMY DUE TO COVID-19..

The economic impact of the 2019–20 coronavirus pandemic in India has been

hugely disruptive. World Bank and credit rating agencies have downgraded India's

growth for fiscal year 2021 with the lowest figures India has seen in three decades thesince economic liberalization in the 1990s.The Indian economy is expected to loseover ₹32,000 crore (US$4.5 billion) every day during the 21-day-lockdown which was declaredfollowing the coronavirus outbreak. Up to 53% of businesses in the country will be

affected.Supply chains have been put under stress with the lockdownrestrictions in place;initially there was a lack of clarity in streamlining what is an "essential" and what isn't. Thosein informal sectors and daily wage groups are the most at risk.[7] A large number of farmersaround the country who grow perishables are also facing uncertainty.[6] Various businesses

such as hotels and airlines are cutting salaries and laying off employees.[8] The live eventsindustry has seen an estimated loss of ₹3,000 crore (US$420 million).

In the third week of March, Amazon and Walmart-owned Flipkart announced that it wouldstop sale of non-essential items in India so that it could focus on essential deliveries.Otherfast-moving consumer goods companies in the country have significantly reduced operations

and are focusing on essentials. Major companies in India such as Larsen and Toubro, BharatForge, UltraTech Cement, Grasim Industries, Aditya Birla Group, Tata Motors and Thermax havetemporarily suspended or significantly reduced operations.

.STOCK MARKET 

On 23 March 2020, stock markets in India post worst losses in history.[12] SENSEX fell 4000points (13.15%) and NSE NIFTY fell 1150 points (12.98%).[74] However, on 25 March, one dayafter a complete 21 day lock-down was announced by the Prime Minister, SENSEX posted itsbiggest gains in 11 years, adding a value of ₹4.7 lakh crore (US$66 billion) crore for investors.

[13][75] On 8 April, following positive indication from the Wall Street that the pandemic mayhave reached its peak in the US, the stock markets in India rose steeply once again. 

The Indian economy is expected to lose over ₹32,000 crore (US$4.5 billion) every day duringthe 21 day lockdown, according to Acuité Ratings, a RBI approved credit rating agency. Barclays said the cost of the 21 day shutdown as well as the previous two shorter ones will be total to around ₹8.5 lakh crore (US$120 billion).

It is estimated that the loss to the tourism industry will be ₹15,000 crore (US$2.1 billion) forMarch and April alone. CII, ASSOCHAM and FAITH estimate that a huge chunk of the workforceinvolved with tourism in the country faces unemployment.