write an article on covid-19 a global pandemic prospects and challenges
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#hope it help u
Explanation:
- Contemporary issues in banking in pandemic COVID-19 era , the recent developments relating to inflation and the outlook without infringing in any way on the mandate of the monetary policy committee (MPC).
- The press release by the National Statistics Office (NSO) on April 13, 2020 showed that CPI inflation for March 2020 declined by 70 basis points to 5.9 %. This is, however, based on data gathered up to 19th March, 2020.
- The data showed a softening of food inflation by around 160 basis points on account of the easing of prices of vegetables, eggs, meat, fish, pulses, oils and fats, fruits and sugar. In other categories of the CPI, inflation pressures remained firm.
- Daily data on 22 essential food items covered by the Department of Consumer Affairs (DCA) suggest that food prices have increased by 2.3 per cent in April so far (up to April 13, 2020) in a broad-based manner, though onion prices have continued to decline while PDS kerosene prices have slumped by 24% in the first fortnight of April. Domestic LPG prices also declined by 8 %. These early developments suggest that inflation is on a declining trajectory, having fallen by 170 basis points from its January 2020 peak.
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