Everything you need to know about Unlock-1

As the time has come for the lockdown to be lifted, People are eagerly waiting to live their lives as before. Even the Government has issued guidelines for lifting the lockdown in 3 phases and limiting it only in containment zones.

But the country is still grappling with the accelerating number of COVID-19 cases. As per the data, there are around 2 lakh+ cases reported across the country (India) out of which 1lakh+ cases were cured and discharged, which is still far away from the peak and there is no indication that the growth curve can be flattened anytime soon.

It is also being speculated that if lockdown gets to end, there is a high possibility of inter-states connectivity getting affected and might get sealed by state governments. But people made themselves ready to live with this virus and they are all set to take all necessary precautions.

All deep insights about Unlock-1

1)MSME sector and an individual corporation would start its operations as old before to meet their debt obligation.

2) Hotspot districts may remain sealed throughout the nation.

3) People are allowed to step out but for time-frames and people who want to travel inter-state are allowed with e-pass being issued by the state governments.

4) Public Transport is allowed to a limited extent. Few Trains are running with prior reservations.

5) Fresh NPAs may come up and fresh credit availability may be scarce to find.

6) Public places such as Schools/Colleges/Parks/Multiplexes/Historical monuments etc will remain closed in Unlock-1. Whereas, restaurants/Hotels/religious places/Malls will be permitted to open from 8th June 2020.

7) Mass gatherings of more than 50 people will not be permitted anywhere.

8) Companies will follow the #WFH culture and it will become the new normal for upcoming years. TCS has mentioned that they will make 75% of the workforce to work from home by 2025.

9) Lockdown from rural areas is uplifted to revive their economy but there are chances of the metro cities & Tier-1 cities being hotspots to get complete lockdown for another few weeks or months.

10) The government will continue testing for infection and with new developments such as plasma therapy, we may be very close to finding the cure.

11) Nonetheless, the practice of social distancing will continue perhaps for years to come, Namaste will be back replacing formal handshakes, masks and sanitizers will become an essential norm.

12) The Indian equity market extended gains for the sixth consecutive session after the announcement of Unlock-1. It is expected to open on a flat note on Friday, tracking subdued global cues and Nifty futures in the Singapore Stock Exchange (SGX).